SAN DIEGO, June 27, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of First Summit Capital Management have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. The First Summit advisors reported having served approximately $380 million in advisory, brokerage and retirement plan assets* and join LPL from PNC Investments. The team provides personalized investment strategies ...

SAN DIEGO, June 25, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Danielle Qualls has joined LPL Financial's broker-dealer, RIA and custodial platforms, teaming up with existing firm Bergkamp Financial. She reported having served approximately $160 million in advisory, brokerage and retirement plan assets* and joins LPL from Stifel, Nicolaus and Co. "I wanted to provide more services and go farther," Qualls said. "I knew that I'd need to work with a team that had differen ...

LPL Financial's (LPLA) total brokerage and advisory assets were $1.46 trillion at the end of May 2024, increasing 3.6% from the prior month and 23.1% year over year. The rise in the company's asset balance from April 2024 was mainly driven by a robust market performance. Total net new assets (NNAs) were $11.2 billion in the reported month. NNAs were $12 billion in April 2024 and included $5 billion of acquired NNAs from the acquisition of Crown Capital. Notably, in May 2023, NNAs were $8.1 billion. LPL Fina ...

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 ...

"It is so rewarding to have my sons by my side to continue the family legacy," Tom Russell said. "They are both wonderful assets to the team and are helping us take it to the next level as we create more hands-on, boutique experiences for clients. We pride ourselves on taking the time to truly tailor investment plans and strategies for each client's unique needs, goals and objectives." "LPL supports the entrepreneurial mindset and gives us the flexibility to build our business on our own terms so we can put ...

SAN DIEGO, June 13, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Stephen Shevlin and Jonathan Joelner, MBA, have joined LPL Financial's broker-dealer, RIA and custodial platforms to launch a new independent practice, 1818 Wealth Management. The team reported having served approximately $300 million in advisory, brokerage and retirement plan assets* and joins LPL from Stifel, Nicolaus and Co. Based in Swansea, Ill. — just 20 minutes from the Gateway Arch in St. Louis — S ...

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 ...

Company Overview - LPL Financial LLC has announced that financial advisors Todd Cousino, Nicholas Hawk, and Charles Moyer have joined its employee advisor channel, Linsco by LPL Financial, to establish Cousino Wealth Advisors, managing approximately $265 million in advisory, brokerage, and retirement plan assets [1][10] - The advisors have a collaborative approach to financial planning and wealth management, utilizing a bucket strategy to grow and preserve client wealth [2] Advisor Team Background - Cousino and Hawk have been working together since 2015, with Moyer joining in 2020, and they primarily serve clients in the engineering and automotive sectors [2][3] - The team emphasizes strong client relationships and aims to enhance client experience and office efficiencies by partnering with LPL [3] Strategic Goals and Technology Utilization - The advisors aim to elevate their client experience and improve operational efficiencies by leveraging LPL's advanced technology and integrated wealth management platform [4] - LPL's model allows advisors to maintain independence while benefiting from support in day-to-day operations, enabling them to focus on client care [5] LPL Financial's Market Position - LPL Financial is a leader in the financial services market, serving nearly 23,000 financial advisors across various institutions and registered investment advisor firms [7] - The company promotes an advisor-mediated model, allowing advisors the freedom to choose their business model and manage client relationships effectively [7]

Core Insights - LPL Financial LLC has welcomed financial advisor Tre Panagos, who manages approximately $265 million in advisory, brokerage, and retirement plan assets, to its platforms from Edward Jones [1][10] - Panagos aims to establish a multigenerational practice, emphasizing the importance of wealth transfer alongside wealth accumulation [4][5] Group 1: Company Overview - LPL Financial Holdings Inc. is a leading firm serving nearly 23,000 financial advisors and approximately 1,100 institutions, committed to an advisor-mediated model [7] - The company provides advisors with the freedom to choose their business model, services, and technology resources, allowing them to manage client relationships effectively [7] Group 2: Advisor Profile - Tre Panagos transitioned from a career in broadcast journalism to financial services in 2011, eventually taking over his father's practice [2] - He collaborates with various professionals to create comprehensive investment strategies tailored to clients' financial lives [3] Group 3: Business Strategy - With the move to LPL, Panagos is launching Generational Asset Planning, focusing on multigenerational wealth management [4] - He values LPL's culture of independence and integrated technology, which enhances client experiences [5]

SAN DIEGO, June 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA) today announced the winners of its second annual Law Firm Diversity, Equity, Inclusion and Belonging (DEIB) Awards: Davis Wright Tremaine LLP (DWT), a national law firm with more than 600 attorneys, has received the Law Firm DEIB Recognition Award and Jules W. Carter, associate attorney at Moore & Van Allen PLLC, has been recognized with the Diversity Champion Award. The Law Firm DEIB Awards recognize law firms and attorneys who ha ...