SAN DIEGO, March 24, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Kelly Lawrence and Vin Sbano have joined Linsco by LPL Financial to launch Gibson Financial Group of LPL Financial. The team reported serving approximately $180 million in advisory, brokerage and retirement plan assets* and joins LPL from B. Riley Wealth Management. Based in Boston, Gibson Financial Group serves a diverse client base across professions and life stages. The team is supported by David MacDo ...

Group 1 - LPL Financial (LPLA) reported total brokerage and advisory assets of $2.43 trillion in February 2026, marking a nearly 1% increase month-over-month and a 33.3% increase year-over-year [1][8] - Brokerage assets amounted to $989.3 billion, with a year-over-year growth of 19.5%, while advisory assets reached $1.44 trillion, growing 1.3% month-over-month and 44.9% year-over-year [1][8] - The company achieved total organic net new assets (NNAs) of $9.1 billion in February 2026, compared to $4.2 billion in January 2026 and $23.8 billion in February 2025 [2] Group 2 - LPL Financial's total client cash balance was reported at $55.9 billion in February 2026, reflecting a decrease of 1.1% from the previous month but an increase of 9% from February 2025 [2][8] - Of the total client cash balance, $37.8 billion was insured cash, and $14.6 billion was deposit cash [3] - The company is expected to continue benefiting from solid advisor productivity and recruiting efforts, which will support advisory revenues [4] Group 3 - LPL Financial's shares have declined by 15.3% over the past six months, while the industry has seen a decline of 6.4% [4] - The company is anticipated to expand inorganically, which will help diversify its operations [4] - LPL Financial currently holds a Zacks Rank 2 (Buy) [5]

SAN DIEGO, March 19, 2026 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today released its monthly activity report for February 2026. Total advisory and brokerage assets at the end of February were $2.43 trillion, an increase of $22.3 billion, or 0.9%, compared to the end of January. Advisory assets as a percentage of total assets increased to 59.3%, up from 54.6% a year ago. Total organic net new assets for February were $9.1 billion, translating to a 4.5% annualized growth ...

Core Viewpoint - LPL Financial Holdings Inc. (LPLA) is experiencing significant selling pressure, with a 15.1% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by positive earnings forecasts from Wall Street analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to identify whether LPLA is oversold, with a current RSI reading of 29.97 indicating potential for a trend reversal [2][5]. - RSI serves as a momentum oscillator that measures price movement speed and change, oscillating between zero and 100, with readings below 30 typically indicating an oversold condition [2][3]. Group 2: Fundamental Analysis - Analysts have raised earnings estimates for LPLA, with a 0.2% increase in the consensus EPS estimate over the last 30 days, suggesting a potential for price appreciation [7]. - LPLA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8].

Core Insights - LPL Financial LLC has announced the launch of Legacy Ridge Private Wealth, an independent practice by financial advisors Frank Boley and Susie Garber-Johnson, managing approximately $600 million in advisory, brokerage, and retirement plan assets [1][2] Group 1: Company Overview - Legacy Ridge Private Wealth is based in Sheridan, Wyoming, and is founded by Boley and Garber-Johnson, who have a combined 50 years of experience and a strong connection to Wyoming heritage [2] - The firm focuses on providing comprehensive, family-oriented financial services, including portfolio management, tax strategy, and legacy creation, utilizing their proprietary LegacyWorth™ framework [2][3] Group 2: Business Model and Services - The LegacyWorth™ framework emphasizes a client-first approach, integrating various financial services such as cash flow planning and legal coordination to address complex financial needs [3] - The firm targets clients including pre-retirees, retirees, business owners, and multigenerational families, offering customized strategies beyond traditional wealth management [2][3] Group 3: Partnership with LPL Financial - The decision to affiliate with LPL Financial's Strategic Wealth model was based on its comprehensive support and resources, allowing the firm to focus on client service without the burden of managing multiple advisors [4][5] - LPL's Strategic Wealth model provides ongoing operational support, including access to a dedicated team for business strategy, marketing, and administrative assistance [5][6] Group 4: Industry Context - LPL Financial is recognized as one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and managing approximately $2.4 trillion in assets [8][9] - The firm offers a variety of advisor affiliation models and technology resources, enabling advisors to tailor their business models to meet client needs effectively [8][9]

Core Insights - LPL Financial LLC has announced the promotions of Kirby Horan-Adams and Joe Lanser to managing director roles, highlighting their leadership and impact within the firm [1][2] Group 1: Leadership Promotions - Kirby Horan-Adams has been promoted to managing director of business design and solutioning, focusing on enhancing client experience and sales effectiveness by reducing friction in offerings [2][3] - Joe Lanser has been promoted to managing director and head of financial planning and analysis (FP&A), overseeing financial strategy and performance management [4][5] Group 2: Background and Experience - Horan-Adams joined LPL in 2006 and has held various strategic leadership roles, including chief of staff to the chief investment officer and director of research, bringing extensive expertise in distribution strategy and product development [3] - Lanser joined LPL in 2015 and has held senior leadership roles across finance and business operations, including chief of staff to the CEO, and has a strong educational background in commerce and business [5] Group 3: Organizational Structure - Both Horan-Adams and Lanser serve on LPL's 15-person Operating Committee, which was established in early 2025 to support the execution of the firm's strategic priorities [6] Group 4: Company Overview - LPL Financial Holdings Inc. is a leading wealth management firm in the U.S., supporting over 32,000 financial advisors and approximately 1,200 financial institutions, managing around $2.4 trillion in assets for about 8 million Americans [7]

Core Insights - LPL Financial LLC has welcomed financial advisor Robert Woodend, who brings approximately $150 million in advisory, brokerage, and retirement plan assets, to its broker-dealer platform [1][8] - Woodend aims to enhance his practice by leveraging the Private Advisor Group (PAG) Registered Investment Advisor (RIA) platform, focusing on ethical guidance and risk-adjusted financial planning [1][3] Group 1: Advisor Background - Robert Woodend is a second-generation financial advisor with 15 years of industry experience, having started his career by interning with his father [2] - His practice primarily serves pre-retirees and retirees, with plans to expand to younger clients approaching significant life milestones [3] Group 2: Practice Philosophy - Woodend emphasizes building deep personal relationships with clients, maintaining detailed personal notes to facilitate tailored conversations [3][4] - He believes that understanding clients' goals and lives is crucial for providing honest and ethical guidance [4] Group 3: Reasons for Transition - Woodend chose LPL and PAG for their autonomy, independence, and scalable operational infrastructure, which he believes will support the growth of his practice [5] - The collaboration with Memphis Planning and Wealth is expected to enhance client experience and service delivery [5][6] Group 4: Company Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and managing approximately $2.4 trillion in brokerage and advisory assets [7][8] - The firm offers a variety of advisor affiliation models, investment solutions, and practice management services to ensure flexibility for advisors and institutions [7][8]

Core Insights - The SEC has dropped its cash sweep investigation into LPL Financial, indicating a shift in regulatory priorities under Chairman Paul Atkins, moving towards a more business-friendly environment [2][4] - The investigation, which began in August 2024, focused on LPL's practice of cash sweeps, potentially breaching fiduciary duty, a practice previously penalized under former SEC Chairman Gary Gensler [3][4] - The SEC's enforcement actions have significantly decreased since Atkins' appointment, with nearly 20% of the agency's staff leaving by September 2025, reflecting a broader trend of regulatory changes influenced by political dynamics [4] Company-Specific Insights - LPL Financial's cash sweep practices involved transferring client cash to affiliate banks or money market funds, which raised concerns about fiduciary responsibilities [3] - The SEC's decision to drop the investigation may lead to public confusion regarding the ethical standards of larger financial institutions, as clients may assume that well-known firms are more trustworthy [3] Industry Trends - The SEC's enforcement agenda has shifted to align with political changes, becoming more pro-business under Republican leadership, which may impact investor perceptions and trust in financial institutions [2][3] - The reduction in enforcement actions and staff departures at the SEC suggests a significant transformation in regulatory approaches, potentially affecting the overall landscape of financial regulation [4]

Core Insights - LPL Financial LLC has welcomed veteran financial advisor Michael Dworetsky, who brings approximately $200 million in advisory, brokerage, and retirement plan assets, to its broker-dealer and Registered Investment Advisor (RIA) aligned with Lighthouse Private Wealth [1][2] Group 1: Advisor Background and Experience - Michael Dworetsky has 45 years of industry experience, starting in accounting and transitioning to wealth management, focusing on long-term planning and multigenerational client relationships [2] - His client relationships often span 35 to 40 years, extending to the next generations of families [2] Group 2: Client-Centric Approach - Dworetsky emphasizes understanding each client's objectives and guiding them through long-term planning complexities, prioritizing communication and personal connection [3] - His practice is individualized, with no fixed format, reflecting the unique needs of each family [3] Group 3: Reasons for Joining LPL and Lighthouse Private Wealth - The decision to join LPL and Lighthouse was motivated by a desire for continuity and long-term support for clients [3] - Dworetsky expressed confidence in Lighthouse's integrity and teamwork, as well as LPL's strong reputation and technology support [4] Group 4: Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and approximately 1,200 financial institutions [6] - The firm services and custody approximately $2.4 trillion in brokerage and advisory assets for around 8 million Americans [6]

Core Viewpoint - LPL Financial has expanded its partnership with AI firm Anthropic to enhance AI integrations for over 30,000 financial advisors, aiming to provide customized solutions for wealth management [1][2]. Group 1: Partnership Expansion - LPL Financial announced the expanded relationship with Anthropic on the same day Anthropic reported enhancements to its Claude AI "plug-ins" for various financial sectors [2]. - The partnership aims to provide a foundation for Registered Investment Advisors (RIAs), broker/dealers, and other platforms to create customized private plugins, leveraging their own data and compliance controls [3]. Group 2: Industry Context - Orion, a wealth technology provider, also expanded its relationship with Anthropic, indicating a broader trend in the wealth management sector towards AI integration [3]. - The announcement follows a period of stock volatility for financial services firms, attributed to investor concerns that AI could undermine their value propositions [4][5]. Group 3: Market Reactions - On February 10, stocks of firms like LPL, Charles Schwab, Stifel, and Raymond James fell by 7%-8% amid fears regarding AI's impact on the industry [5]. - Some industry leaders, such as Morgan Stanley's Jedd Finn, believe that AI tools will enhance rather than replace the advisor-client relationship in the long run [5].