LPL Financial Welcomes The Capitol Bay Group

Core Insights - LPL Financial LLC has announced that The Capitol Bay Group has joined Upstream Investment Partners, bringing approximately $375 million in advisory, brokerage, and retirement plan assets [1][2] - The Capitol Bay Group, based in Tysons, Virginia, is led by John Yetman and Manish Mukhi, who collectively have 70 years of experience focusing on high-net-worth clients, business owners, and retirees [2][3] - The team emphasizes a holistic approach to financial planning, addressing clients' entire financial situations and prioritizing their specific goals [3] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,100 financial institutions [6] - The firm services and custody approximately $1.9 trillion in brokerage and advisory assets for around 7 million Americans [6] - LPL offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to choose the resources they need [6] Reasons for Transition - The Capitol Bay Group chose to partner with LPL Financial for three main reasons: independence, a broader range of investment options, and a supportive culture that values client relationships [4] - The team sought more autonomy and tools to enhance their client offerings, which they believe LPL provides [3][4] - LPL Financial continues to invest in capabilities and solutions to help advisors grow their businesses and deliver differentiated service experiences [4]