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 DriversSolid 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 ra ...

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 ...

SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately $700 million in advisory, brokerage and retirement plan assets* and joins LPL from Bank of America Private Bank. A Brooklyn nativ ...

SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors with Northern Plains Financial have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $225 million in advisory, brokerage and retirement plan assets* and join LPL from Cetera. Based in Grand Forks, N.D., the firm was founded in 2014 and is led by Michael Elsberry, CFP®, CRPC®, who has nearly 20 years of experience in financial services. In 2021, he was ...

LPL Financial (LPLA) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ. The acquisition will bring The Investment Center’s 240 advisors and nearly $9 billion in assets under LPL Financial’s umbrella, reinforcing its strategy of expanding its advisor network and enhancing offerings.The Investment Center’s entrepre ...

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