SAN DIEGO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Brett Howard, CTFA, AAMS™, APMA™, CRPC™, Marco Rivera, APMA™, Brooks Crissey, CFP®, APMA™, Henry "Hank" DesJardins and Ryan Mason have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $650 million in advisory, brokerage and retirement plan assets,* and join LPL from Ameriprise Financial. Founded in 2017 by Howard and DesJardins, the Apex team has since ...

SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial's high-net-worthfocused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately $700 million in advisory, brokerage and retirement plan assets* and joins LPL from Bank of America Private Bank. A Brooklyn native ...

SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors with Northern Plains Financial have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $225 million in advisory, brokerage and retirement plan assets* and join LPL from Cetera. Based in Grand Forks, N.D., the firm was founded in 2014 and is led by Michael Elsberry, CFP®, CRPC®, who has nearly 20 years of experience in financial services. In 2021, he was ...

LPL Financial (LPLA) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ. The acquisition will bring The Investment Center's 240 advisors and nearly $9 billion in assets under LPL Financial's umbrella, reinforcing its strategy of expanding its advisor network and enhancing offerings. The Investment Center's entrepr ...

Core Insights - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and selling high [1] - Investing in fast-moving stocks can be risky if valuations exceed future growth potential [2] - A strategy that combines momentum with bargain stocks can be more effective [3] Company Analysis: LG Display (LPL) - LG Display has shown a four-week price change of 1.6%, indicating growing investor interest [4] - The stock has gained 6.5% over the past 12 weeks, with a beta of 1.37, suggesting it moves 37% more than the market [5] - LPL has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - LPL is trading at a Price-to-Sales ratio of 0.21, meaning investors pay 21 cents for each dollar of sales, indicating a reasonable valuation [7] Investment Strategy - LPL is identified as a strong candidate for investment due to its momentum and reasonable valuation [8] - There are additional stocks that meet the criteria of "Fast-Paced Momentum at a Bargain" that investors may consider [8] - Various Zacks Premium Screens are available to help identify winning stock picks based on different investing styles [9]

Core Viewpoint - LPL Financial has announced a definitive agreement to acquire The Investment Center, which has nearly $9 billion in assets and 240 high-performing advisors, enhancing LPL's service and technology offerings for independent financial advisors [1][2][3] Company Overview - LPL Financial is a leading financial services firm serving over 23,000 financial advisors and approximately 1,000 institutions across the United States [6] - The Investment Center, founded in 1986, provides back-office support, investment tools, and a wide range of non-proprietary products to independent financial advisors [5] Acquisition Details - The acquisition is expected to close in the first half of 2025, pending regulatory approval and other conditions [3] - The Investment Center's emphasis on independence aligns with LPL's advisor-first philosophy, which is crucial for both firms' growth strategies [2][3] Strategic Implications - The acquisition is seen as a milestone for The Investment Center, enhancing its ability to support advisors with more robust resources and solutions [3] - LPL Financial's commitment to advisor success is expected to be strengthened through this acquisition, allowing for better service delivery to clients [3][7]

Core Insights - LPL Financial has welcomed financial advisor Kelly Compton, who has approximately $150 million in advisory and retirement plan assets, to its broker-dealer, RIA, and custodial platforms [1][3] - Compton previously owned WCM Wealth Management and has transitioned to LPL Financial to enhance scalability while maintaining high service levels for clients [4] Company Overview - LPL Financial Holdings Inc. serves over 23,000 financial advisors and approximately 1,000 institutions, emphasizing a commitment to the advisor-mediated model [6] - The company provides advisors with the freedom to choose their business model, services, and technology resources, allowing them to manage client relationships effectively [6] Advisor Background - Kelly Compton began his career in the hospitality industry before becoming a financial advisor in 2000 and transitioning to a fee-only practice in 2011 [2][3] - He focuses on providing risk-based model portfolios tailored to the unique financial goals of business professionals and executives [3]

SAN DIEGO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC ("LPL Financial"), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the "Company"), today released its monthly activity report for July 2024. Total advisory and brokerage assets at the end of July were $1.53 trillion, an increase of $31.5 billion, or 2.1%, compared to the end of June 2024. Total net new assets for July were $9.0 billion, translating to a 7.2% annualized growth rate. This included $0.6 billion of assets th ...

SAN DIEGO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA) announced today that over 30 financial advisors with Academy Financial, Inc., and PFG Advisors have joined LPL Financial's broker-dealer, RIA and custodial platforms. Collectively, they reported serving approximately $4 billion in advisory, brokerage and retirement plan assets* and join LPL from Lincoln Financial, now part of Osaic. Headquartered in Lutherville, Md., Academy Financial was founded in 1992 by U.S. Military Academy g ...

SAN DIEGO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Jason Walker, Vladimir Nikitenko, CFP®, H. Scott Braswell, Rosty Tkachenko and John Hydrick, CFP®, have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with existing firm Integrated Financial Group (IFG). They reported serving approximately $615 million in advisory, brokerage and retirement plan assets* and join LPL from Lincoln, now part of Osaic. The Atlanta-based advisors are ...