Core Insights - LPL Financial LLC has announced the integration of Summit Planning Group into its broker-dealer, RIA, and custodial platforms, with the team managing approximately $750 million in advisory, brokerage, and retirement plan assets [1][11] Company Overview - Summit Planning Group, founded in 1995, consists of a diverse team of advisors with expertise in accounting, finance, tax, and investments, located in Branford and Glastonbury, Connecticut [2] - The team includes several financial advisors, such as Brian Onofrio, CPA, AIF®, and C. David Koncz, among others [2] Service Philosophy - The advisors at Summit Planning Group emphasize a multi-faceted approach to wealth management, focusing on customized plans and ongoing guidance tailored to each client's financial situation [3] - The team values clear communication of complex financial ideas, aiming to simplify the planning process for clients [3] Partnership with LPL Financial - Summit Planning Group chose to partner with LPL Financial due to its reputation for exceptional service and support for both advisors and clients [3][4] - LPL Financial is described as a stable partner that invests significantly in capabilities and resources to enhance service delivery, which is expected to benefit clients by maximizing returns and reducing risks [4] LPL Financial's Market Position - LPL Financial Holdings Inc. serves nearly 23,000 financial advisors and is committed to providing personalized guidance to clients through an advisor-mediated model [9] - The company emphasizes the independence of advisors, allowing them to choose their business models and manage client relationships effectively [9]

Economic Outlook - The LPL Research team anticipates a significant market turn in 2024, influenced by shifts in inflation, interest rates, and recession risk, but this turn has yet to materialize as of midyear 2024 [1][3] - The U.S. economy has shown unexpected resilience, continuing to grow despite high inflation and late-cycle pressures, although a potential slowdown is indicated with consumer spending expected to decelerate and labor market conditions softening by year-end [2][14] Investment Landscape - Fixed income is highlighted as an attractive asset class due to Treasury yields being at their highest levels in decades, with a focus on income generation as the Federal Reserve is expected to cut rates by the end of the year [14] - The stock market has experienced strong gains in the first half of the year, driven by expectations of looser Fed policy and robust corporate earnings growth, but elevated valuations and potential volatility, particularly with the upcoming U.S. presidential election, suggest a more cautious investment approach [14] Market Volatility and Global Considerations - The upcoming U.S. presidential election is expected to increase market volatility, a common trend in election years, but broader economic forces and corporate health will remain key market drivers [14] - Geopolitical tensions and trade policies, especially between the U.S. and China, continue to impact global market dynamics and investment strategies [14]

SAN DIEGO, July 01, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that father and daughter financial advisors James (Jim) Zack and Amanda Zack have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch The Zack Wealth Group. They reported serving approximately $290 million in advisory, brokerage and retirement plan assets* and join LPL from Morgan Stanley. "We are a family team committed to helping other families, and it all starts with thorough planning and a deep understan ...

Company Overview - Bergkamp Financial, led by Managing Partners Amy McKinley and Lori Zern, focuses on comprehensive wealth strategies, retirement planning, investments, life insurance, annuities, and long-term care insurance [1] - The firm has been affiliated with LPL Financial since 2021, benefiting from LPL's open architecture platform and robust research capabilities [3] Recent Developments - Financial advisor Danielle Qualls has joined Bergkamp Financial, bringing approximately $160 million in advisory, brokerage, and retirement plan assets from her previous firm, Stifel, Nicolaus and Co. [8] - Qualls aims to enhance the collaborative approach of the team, focusing on multigenerational financial strategies to build family legacies [2][9] Team Expansion and Goals - The addition of Qualls is seen as a strategic move to expand services and enhance holistic planning for a diverse client base, which includes farmers, teachers, and business owners [4][9] - The team emphasizes the importance of collaboration and shared values, such as strong work ethic and empathy, to better serve their clients [9] Industry Context - LPL Financial serves nearly 23,000 financial advisors and is committed to providing independent advisors with integrated capabilities and resources to support their business goals [13]

F - 日前 Michael Vi YTD ETF Performance Heat Map: Strong Gains LPL Is Focused on Growth LPL: Earnings, Valuation, Dividend Forecasts For now, I will be conservative with my fundamental target increase to $344 based on the sustained high earnings outlook, making the stock still a buy. That's a significant increase from my previous valuation in light of longer-term sustained eamings growth strength. In January, I was focused on EPS trends this year and next, but with more visibility into 2026, the bullish thesi ...

Total advisory and brokerage assets at the end of May were $1.46 trillion, an increase of $51.4 billion, or 3.6%, compared to the end of April 2024. Total client cash balances at the end of May were $44.5 billion, a decrease of $1.2 billion compared to the end of April 2024. Net buying in May was a record $15.0 billion. Note: Totals may not foot due to rounding. (1) During the first quarter of 2024, the Company updated its definition of client cash account balances to exclude other client payables. Prior pe ...

Hilbig, who lives in The Woodlands, Texas area and maintains a registered office in Mundelein, Ill., has more than 20 years of experience crafting personalized financial strategies tailored to each client's unique needs and aspirations. He takes a holistic approach to financial planning, encompassing areas such as wealth management, retirement planning, investment advisory and risk management. By carefully assessing a client's financial situation and priorities, he strives to provide comprehensive solutions ...

SAN DIEGO, May 30, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that advisors with Highland Partners Financial Services, which is led by Managing Partner G. Mark Hamby, have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving more than $400 million in advisory, brokerage and retirement plan assets* and join LPL from Momentum Independent Network, a subsidiary of Hilltop Holdings. Based in Glen Allen, Va., in the greater Richmond area, Hamby has more than 30 ...

Core Insights - LPL Financial has welcomed FSI Wealth Management, which manages approximately $215 million in advisory, brokerage, and retirement plan assets, to its platforms [1][4] - FSI Wealth Management was founded by Paul Neves and Darrin Santos, who have over 65 years of combined experience in the financial services industry [2] - The decision to join LPL was driven by the desire for greater independence and access to innovative technology, as well as the stability and resources offered by LPL [4] Company Overview - LPL Financial Holdings Inc. serves nearly 23,000 financial advisors and operates with a commitment to the advisor-mediated model, allowing advisors the freedom to choose their business model and services [6] - The company emphasizes the importance of personalized guidance from financial professionals, ensuring that advisors can manage their client relationships effectively [6] Leadership Statements - Neves expressed a commitment to creating meaningful relationships with clients and providing high levels of customer service to positively impact their financial futures [3] - Santos highlighted the advantages of LPL's award-winning capabilities and local support, which will enhance operational efficiencies and client experiences [4] - Scott Posner from LPL noted the company's commitment to supporting FSI's growth and success through innovative capabilities and robust resources [4]

Core Insights - LPL Financial LLC has welcomed financial advisors Roger Frank and Michael Ward from Frank Financial Concepts, who manage approximately $200 million in advisory, brokerage, and retirement plan assets [1][2][4] Company Overview - Frank Financial Concepts, founded in 2003 by Roger Frank, is a holistic financial firm with offices in Lincoln, Nebraska, and Scottsdale, Arizona, focusing on helping clients achieve their financial goals [2][3] - The firm emphasizes client education and encourages open discussions about all financial aspects to create comprehensive financial plans [3] Transition to LPL Financial - Frank and Ward chose to join LPL Financial due to its impressive technology platform and commitment to providing advisors with essential tools for success [4][5] - They believe that LPL's size and scale will enhance their business by offering more investment options and efficient operations through advanced digital platforms [5] Support and Growth Opportunities - LPL Financial's Executive Vice President, Scott Posner, expressed enthusiasm for supporting Frank and Ward's growth and success, highlighting ongoing investments in technology and flexible solutions for advisors [6] - The partnership will allow Frank and Ward to access LPL's research team, market insights, and succession resources, aiding in their long-term business transition [5]