Core Insights - LPL Financial LLC has welcomed Patrick Trimp and Jack Trimp of Trimp Wealth Management, who manage approximately $220 million in advisory, brokerage, and retirement plan assets, to its platforms [1][10] - The Trimps transitioned from Nations Financial Group, Inc. to LPL Financial after a thorough three-year evaluation of potential partners, citing LPL's integrated platform and commitment to advisor needs as key factors in their decision [5][6] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and servicing approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [8][10] - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors and institutions to select the business model and resources that best suit their needs [8]

Group 1 - LPL Financial has appointed Vaughn Harvey as executive vice president and chief data and artificial intelligence officer to lead the company's data and AI initiatives, driving innovation and digital transformation [1][3] - Harvey has over 25 years of experience in AI-driven digital transformations and has held senior roles at JP Morgan Chase, Morgan Stanley, PwC, and Jefferies [2] - The company has launched AI Advisor Solutions in Q4 2024, aimed at helping advisors maximize their efficiency and deliver personalized client experiences [4] Group 2 - LPL's AI Accelerator program is designed to incorporate AI solutions that have a tangible impact on advisors' businesses [5] - The firm is piloting a program that uses AI to generate customized insights for personalized financial planning and streamline the new client onboarding process [5] - LPL Financial supports nearly 29,000 financial advisors and manages approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [6]

Core Insights - LPL Financial LLC has welcomed eight financial advisors from Horizon Capital Advisors, who manage approximately $450 million in advisory, brokerage, and retirement plan assets, transitioning from Osaic [1][2]. Group 1: Company Overview - Horizon Capital Advisors has a history of over 50 years and is based in Overland Park, Kansas, with additional offices in Missouri and Kansas [2]. - The team includes financial advisors Brett Deuth, J. Brock McClain, Brian Watts, and others, emphasizing a collaborative approach to wealth management [2]. Group 2: Strategic Move - The transition to LPL Financial was motivated by the Horizon team's desire for improved service experiences, operational efficiencies, and a more advanced technology platform [3]. - The advisors believe that LPL provides the necessary tools to enhance client services and add value, citing the stability of a Fortune 500 company as a key factor [4]. Group 3: LPL Financial's Position - LPL Financial is recognized as one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and managing approximately $1.7 trillion in assets [6]. - The firm offers a variety of advisor affiliation models, investment solutions, and technology resources, allowing flexibility for advisors and institutions [6].

Core Viewpoint - LPL Financial Holdings Inc. (LPLA) has entered into a definitive merger agreement to acquire Commonwealth Financial Network for approximately $2.7 billion in an all-cash transaction, despite a 2.9% decline in LPLA shares during the trading session following the announcement [1]. Group 1: Deal Details - LPL Financial will acquire 100% of Commonwealth Financial's shares, with the deal expected to close in the second half of 2025, pending regulatory approvals and customary closing conditions [2]. - The integration of Commonwealth Financial is planned to be completed by mid-2026 [2]. Group 2: Commonwealth Financial Overview - Commonwealth Financial, based in Waltham, MA, is the largest independently owned wealth management firm in the U.S., founded in 1979 [3]. - As of December 31, 2024, Commonwealth Financial managed approximately $285 billion in assets and had client cash sweep balances of about $6 billion [3]. Group 3: Management and Integration - Upon completion of the deal, Wayne Bloom, CEO of Commonwealth Financial, will join LPL Financial's management committee and continue to lead the Commonwealth community [4]. - LPL Financial plans to launch an office of Advisor Advocacy in collaboration with Bloom and its leadership team [4]. Group 4: Financing and Costs - LPL Financial intends to finance the acquisition through a mix of corporate cash, debt, and equity, including a public offering of nearly 4.7 million shares at $320 per share, expected to close on April 2, 2025 [5]. - The company anticipates incurring approximately $485 million in one-time onboarding and integration expenses, with around $155 million allocated for technology expenses [7]. Group 5: Strategic Rationale - The acquisition is expected to expand LPL Financial's advisor base and enhance the advisory experience, thereby strengthening its position in the independent advisory space [6]. - The deal is projected to be accretive to LPLA's adjusted earnings per share in the low single-digit range for 2026, with an estimated EBITDA accretion of approximately $415 million post-integration [8]. Group 6: Growth Strategy - This acquisition aligns with LPL Financial's inorganic growth strategy, following previous acquisitions of The Investment Center Inc. in March 2025 and Atria Wealth Solutions in October 2024 [9].

Core Viewpoint - LPL Financial Holdings Inc. has announced a public offering of 4,687,500 shares of its common stock at a price of $320.00 per share, with an additional option for underwriters to purchase up to 703,125 shares [1][3]. Group 1: Offering Details - The offering is expected to close on April 2, 2025, pending customary closing conditions [1]. - Morgan Stanley & Co. LLC is the sole active book-running manager, with several firms acting as joint book-running managers and co-managers for the offering [2]. Group 2: Use of Proceeds - LPL intends to use the net proceeds from the offering to fund part of the cash consideration for its proposed acquisition of Commonwealth Financial Network, and any remaining proceeds will be used for general corporate purposes if the transaction is not completed [3]. Group 3: Company Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and servicing approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [7].

SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, "LPL Financial" or "LPL") today announced that it has commenced an underwritten public offering of $1.5 billion of its common stock. Morgan Stanley & Co. LLC is acting as sole active book-running manager. LPL also intends to grant the underwriters a 30-day option to purchase up to an additional $225.0 million of its common stock. LPL intends to use the net pr ...

SAN DIEGO and WALTHAM, Mass., March 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) (together with its subsidiaries, including LPL Financial LLC, "LPL Financial" or "LPL") today announced that it has entered into a definitive purchase agreement to acquire Commonwealth Financial Network ("Commonwealth"), the largest independently owned wealth management firm in the country. Headquartered in Waltham, Mass., Commonwealth provides integrated business solutions and services for approximate ...

Core Insights - LPL Financial LLC has announced that financial advisor Austin Greer has joined its employee advisor channel, Linsco by LPL Financial, to establish Oxford Oaks Capital, managing approximately $600 million in advisory, brokerage, and retirement plan assets [1][2] Group 1: Advisor Background and Experience - Austin Greer has over 17 years of experience in the financial services industry, focusing on retirement income planning, tax, and estate planning for high-net-worth clients [2] - Greer transitioned from a potential career as a high school English teacher to financial services, following his father's path [2] Group 2: Team Composition - The team includes Wealth Advisor John Dunahoo, who has been with the firm for over 11 years, and Senior LPL Registered Service Associate Stephanie DePriest, who joined in 2020, both contributing significant knowledge and a client-first approach [3] Group 3: Reasons for Transition to LPL - The team sought more autonomy, enhanced technology, and office efficiencies, leading them to choose LPL for their next business chapter [4] - The Linsco model appealed to the team for its independence, allowing them to own client relationships and operate flexibly [4] Group 4: Benefits of Joining LPL - Greer highlighted LPL's investment in resources and technology as a key factor in their decision, anticipating increased office efficiencies and enhanced service capabilities [5] - The pro-advisor culture at LPL allows the team to focus on delivering exceptional client service [5] Group 5: Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and managing approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [7]

Core Insights - LPL Financial reported a total advisory and brokerage assets of $1.82 trillion at the end of February 2025, reflecting an increase of $11.3 billion or 0.6% from January 2025 [1] - The company achieved total net new assets of $24.5 billion in February, which included $0.7 billion of acquired net new assets [1] Advisory and Brokerage Assets - Advisory assets reached $995.0 billion, up 0.3% from January 2025 and up 29.5% year-over-year [4] - Brokerage assets totaled $828.2 billion, increasing by 1.1% month-over-month and 30.4% year-over-year [4] - Total advisory and brokerage assets amounted to $1,823.1 billion, marking a 0.6% increase from January 2025 and a 29.9% increase year-over-year [4] Net New Assets - Total organic net new assets for February were $23.8 billion, representing a 15.8% annualized growth rate [2] - The organic net new advisory assets were $9.6 billion, while organic net new brokerage assets were $14.1 billion [4] - Total net new assets decreased from $34.1 billion in January to $24.5 billion in February [4] Client Cash Balances - Total client cash balances at the end of February were $51.3 billion, down $0.9 billion from January 2025 [3] - The net buying activity in February was $14.3 billion [3] Market Drivers - The S&P 500 Index closed at 5,955, a decrease of 1.4% from January 2025, but up 16.8% year-over-year [5] - The Russell 2000 Index fell by 5.5% month-over-month, closing at 2,163 [5] - The average Fed Funds daily effective rate remained at 433 basis points, down 18.8% from the previous year [5] Company Overview - LPL Financial Holdings Inc. is a leading wealth management firm in the U.S., supporting nearly 29,000 financial advisors and servicing approximately $1.7 trillion in brokerage and advisory assets [6]

Core Insights - LPL Financial LLC has welcomed financial advisors Larry Hubbard, Craig Conner, and Jade Maasch, who have transitioned from Ameriprise, bringing approximately $275 million in advisory, brokerage, and retirement plan assets [1][2][3] Group 1: Company Transition - The advisors have rebranded their firm as Legacy Premier Wealth Management after leaving Alliance Financial Partners [2] - The team is based in Greeley, Colorado, and Cheyenne, Wyoming, and is supported by Chief Operating Officer Rob Timme [2] Group 2: Mission and Vision - The advisors aim to help clients create a lasting legacy and navigate financial decisions with confidence [3] - Their move to LPL was driven by the desire for a firm that aligns with their vision for future growth and client service [3][4] Group 3: Benefits of Joining LPL - LPL's non-proprietary investment product offering allows the advisors to provide tailored services to their clients [4] - The integrated, open architecture platform of LPL enables seamless access to necessary resources with a single sign-on [4] - LPL Financial supports nearly 29,000 financial advisors and manages approximately $1.7 trillion in brokerage and advisory assets [7]