LPL Financial Holdings (LPLA) , along with its subsidiaries LPL Financial LLC, has completed the acquisition of Altria Wealth Solutions, Inc. ("Altria"). Further, the company announced a change in its leadership with the termination of its existing president and chief executive officer (CEO) and the appointment of a new CEO. Details of Acquisition Pursued by LPLA Atria Wealth Solutions, Inc., based in New York, boasts a network of almost 2,400 advisors and serves around 150 banks and credit unions, managing ...

SAN DIEGO, Sept. 30, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leader in the wealth management industry, today announced that financial services industry veteran Cheri Belski has joined the firm as executive vice president and head of investment management solutions. Belski will be responsible for leading key investment efforts, including LPL Research, Investment Products and Advisory Platforms, as well as LPL's Retirement Partners business. Belski brings more than 25 years of experience to LPL, most re ...

SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Jeff Minucci, CFP®, and David Ryzman, CFP®, have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $150 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. For more than 20 years, Minucci and Ryzman have collaborated in various roles within the financial services industry, eventually becoming business partners in t ...

SAN DIEGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Ken Hutkin and Ron Winkler have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch 57th Street Wealth Advisors. They reported serving approximately $400 million in advisory, brokerage and retirement plan assets* and join LPL from Wedbush Securities. They will operate the first Linsco office in New York City. Hutkin brings more than 30 years of experience as a business owner and ent ...

SAN DIEGO, Sept. 19, 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 August 2024. Total advisory and brokerage assets at the end of August were $1.56 trillion, an increase of $30.8 billion, or 2.0%, compared to the end of July 2024. Total net new assets for August were $6.8 billion, which included $0.3 billion of acquired net new assets resulting from Liquidit ...

SAN DIEGO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the advisors with Bury Financial Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $655 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. President and Managing Partner Todd Bury founded the Youngstown, Ohio-based practice in 1992 while he was a sophomore in college. He earned his financial planning license by age 20 and ...

LPL Financial Holdings Inc.'s (LPLA) solid advisor productivity, recruiting efforts and inorganic expansion initiatives are expected to continue to aid the top line. However, increasing expenses are likely to hurt the company's bottom line in the near term. LPLA's Key Growth Drivers Solid Advisor Productivity: LPLA benefits from its efforts to increase its client base. The company's advisory revenues, which constitute more than 43% of total revenues, witnessed a five-year (2018-2023) compound annual growth ...

SAN DIEGO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC has expanded its national home offices with the opening of a 43,000-square-foot office in Tempe's Marina Heights complex. The office will accommodate 300 employees by the end of 2024 with room for expansion next year. The Tempe office will be a dedicated workplace for LPL teams that support client service and operations. Over the next two years, LPL expects to add an additional 700 jobs to the Tempe economy with career opportunities suited for ...

SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Kultar S. "Sid" Bindra, CFP®, and Steven Alvarez have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch The Bindra Group. They reported serving approximately $300 million in advisory, brokerage and retirement plan assets* and join LPL from Truist Financial. Based in Tampa, Fla., Bindra's path to wealth management started in college when he worked 56 hours a week selling phones. "I ...

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 ...