You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Commonwealth Financial Network has added a team of breakaway advisors in Kennett Square, Pa. Advisors Thomas Kinslow and Brian Sanford recently left Morgan Stanley to join Union Street Financial, a firm that’s been affiliated with Commonwealth since 2010. They manage close to $350 million in client assets. Union Street is led by Daniel Gannon, with Kinslow and Sanford joining as managing partner ...

Core Insights - Lighthouse Private Wealth has been formed by advisors DJ Totland, Christopher Meyer, and Rob Tendler, joining LPL Financial's platform, with approximately $1.1 billion in advisory, brokerage, and retirement plan assets [1][2]. Group 1: Company Formation and Background - Lighthouse Private Wealth is located in Red Bank, New Jersey, and has a combined experience of 90 years among its founding advisors, who have worked together for 20 years [2]. - The firm serves a diverse clientele, including high-net-worth individuals, small business owners, and families, utilizing a holistic approach to financial matters [2]. Group 2: Reasons for Choosing LPL Financial - The advisors chose LPL Financial for improved technology and autonomy, aiming to customize their services in an 'a la carte' manner [3][4]. - The desire to become business owners and operate independently from traditional wirehouses or regional broker-dealers was a significant factor in their decision [4]. Group 3: LPL Financial Overview - LPL Financial 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, with around $1.9 trillion in brokerage and advisory assets [6]. - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to select the resources they need to succeed [6].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] Investment Landscape - Wall Street is investing hundreds of billions into AI, but there is a pressing concern regarding the energy supply needed to sustain this growth [2] - AI data centers consume vast amounts of energy, comparable to that of small cities, leading to rising electricity prices and strained power grids [2][3] - The company in focus is positioned to benefit from the surge in demand for electricity driven by AI, making it a potentially lucrative investment opportunity [3][6] Company Profile - The company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and benefiting from the onshoring trend due to tariffs [5][6] - It possesses significant nuclear energy infrastructure assets, which are crucial for America's future power strategy [7] - The company is noted for its ability to execute large-scale engineering, procurement, and construction projects across various energy sectors, including oil, gas, and renewables [7][8] Financial Position - The company is completely debt-free and has a substantial cash reserve, amounting to nearly one-third of its market capitalization [8] - It also holds a significant equity stake in another AI-related company, providing indirect exposure to multiple growth engines in the AI sector [9][10] Market Sentiment - There is a growing interest from hedge funds in this company, which is considered undervalued and off-the-radar compared to other AI and energy stocks [9][10] - The company is trading at less than seven times earnings, indicating a strong potential for upside in the context of its critical role in the AI and energy landscape [10][11] Future Outlook - The ongoing AI infrastructure supercycle, combined with the onshoring boom and increased U.S. LNG exports, positions this company favorably for future growth [14] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, further solidifying the importance of energy infrastructure in supporting this growth [12][13]

Core Insights - LPL Financial has welcomed the partners of Tennant Financial to its broker-dealer and Registered Investment Advisor platform, managing approximately $1.3 billion in advisory, brokerage, and retirement plan assets [1][8] Group 1: Company Overview - Tennant Financial, based in Ballston Lake, New York, is led by a team with 75 years of combined experience in financial services and investment planning [2] - The firm primarily serves high-net-worth families, corporate executives, business owners, and medical professionals, focusing on a holistic approach to financial services [3] Group 2: Client-Centric Approach - Tennant Financial emphasizes understanding clients' ambitions and challenges to craft personalized strategies for long-term success [4] - The firm positions itself as a personal CFO for families and businesses, aiming to bring structure and harmony to complex financial situations [4] Group 3: Reasons for Joining LPL - The team sought greater independence, flexibility, and access to advanced technology, which were key factors in their decision to join LPL [5] - The integration of LPL's technology and capabilities is expected to enhance their service delivery, especially with the advancements in AI [6] Group 4: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and managing approximately $1.9 trillion in brokerage and advisory assets [8]

Core Insights - LPL Financial (LPLA) experienced a significant increase in total brokerage and advisory assets, reaching $2.26 trillion in August 2025, marking a 16.7% month-over-month increase and a 45.1% year-over-year growth [1][10] Group 1: Asset Performance - Brokerage assets totaled $955.3 billion, reflecting a 10.8% increase from June 2025 and a 38.3% rise year over year [2] - Advisory assets reached $1.3 trillion, up 21.5% from the previous month and 50.5% from August 2024 [2] Group 2: Net New Assets (NNAs) - Total organic net new assets were $17.8 billion, which included $13.8 billion from First Horizon Bank and $2.2 billion in off-boarded assets due to a planned separation [3][10] - Excluding the aforementioned assets, organic NNAs stood at $6.2 billion [3] Group 3: Client Cash Balances - LPL Financial reported a total client cash balance of $52.7 billion in August, up 6.5% from the prior month and 21.7% from August 2024 [4] - The cash balance breakdown included $35 billion in insured cash and $12.2 billion in deposit cash [4] Group 4: Strategic Outlook - The company's acquisitions of Commonwealth Financial Network, Investment Center, and Atria Wealth are expected to bolster advisory revenues and support advisor productivity [5] - LPL Financial is anticipated to continue its inorganic expansion to diversify operations, although there are concerns regarding capital market performance and substantial goodwill on the balance sheet [5] Group 5: Market Performance - Over the past year, LPLA shares have increased by 52%, outperforming the industry growth of 50.7% [6]

Core Insights - Prudential Financial, Inc. and LPL Financial LLC are expanding their partnership to introduce an Insurance Overlay retirement lifetime income strategy for LPL's managed accounts platform [1] - The new solution aims to target financial advisors who currently do not utilize protected lifetime income and insurance-led retirement solutions in their wealth management practices [1]

Core Insights - The article discusses the transformation in wealth management led by Aneri Jambusaria, emphasizing a shift from a scarcity mindset to one of abundance, which has allowed for greater delegation and risk-taking in her role at LPL Financial [2][3]. Group 1: Industry Trends - There is a significant demand for wealth management advice, driven by a gap between increasing investor interest and the supply of skilled advisors [3]. - The democratization of retirement savings has resulted in millions of new clients, expanding the market beyond the ultra-rich [3]. - The definition of high-net-worth clients is evolving, with a growing number of individuals possessing $5 to $30 million in investable assets, alongside an increasing ultra-wealthy cohort [6]. Group 2: Client Dynamics - A two-stage transfer of wealth is reshaping advisor relationships, first passing to surviving spouses, often women, who have different priorities such as philanthropy and legacy planning [7][8]. - The second transfer to Millennials and Gen Z will require a new approach, as younger inheritors demand digital access, hyper-personalization, and investments that align with their values, including ESG considerations [9]. Group 3: Technological Integration - LPL Financial is focusing on embedding artificial intelligence into advisory work, with expectations that AI could enhance advisor productivity by 50% or more by automating routine tasks [10]. - The human element remains crucial in wealth management, as clients prefer personal interactions when dealing with their life savings [11].

Core Insights - LPL Financial reported a significant increase in total advisory and brokerage assets, reaching $2.26 trillion at the end of August 2025, which is an increase of $324.1 billion or 16.7% compared to July 2025 [1][5]. Group 1: Asset Growth - Total net new assets for August amounted to $292.8 billion, with $275.0 billion attributed to the acquisition of Commonwealth Financial Network [2]. - Organic net new assets for August were $17.8 billion, reflecting an annualized growth rate of 11.0%. This included $13.8 billion from First Horizon Bank and a $2.2 billion off-boarding due to a planned separation [3]. - Prior to the impacts from First Horizon Bank and the off-boarding, organic net new assets were $6.2 billion, translating to a 3.9% annualized growth rate [3]. Group 2: Client Cash Balances - Total client cash balances at the end of August were $52.7 billion, an increase of $3.2 billion from July 2025, which included $3.9 billion from the Commonwealth acquisition [4][5]. - Net buying activity in August was reported at $14.2 billion, showing an increase from previous months [6]. Group 3: Market Performance - The S&P 500 Index closed at 6,460 at the end of August, reflecting a 1.9% increase from July and a 14.4% increase year-over-year [6]. - The Russell 2000 Index increased by 7.0% month-over-month, closing at 2,366 [6].

Core Insights - Atria Wealth Solutions' chief growth officer, Kevin Beard, has departed following LPL Financial's acquisition of Atria, which was finalized in October 2022 [1][2] - Beard co-founded Atria in 2017 and was previously involved in acquisition and recruiting strategy at AIG Advisor Group [2] - The reasons behind Beard's departure remain unclear, with speculation about whether it was voluntary or part of layoffs occurring at Atria [3][4] Company Developments - LPL Financial has been reducing Atria's executive team through layoffs, as indicated by WARN notices filed in May for locations in California, Texas, and New York [4][5] - Over the past 18 months, LPL has transitioned over 250 Atria employees into roles within LPL that align with their experience and career goals [5] - Atria has seen a significant turnover in its executive ranks, with several senior executives leaving, particularly in marketing, investment solutions, practice management, and product strategy [5] Regulatory Changes - Several of Atria's broker/dealers, including Grove Point Financial, SCF Securities, Sorrento Pacific Financial, and Western International Securities, have withdrawn their registration from FINRA [6]

Core Insights - LPL Financial LLC has announced the formation of Worley Monroe Advisors, led by advisors Benjamin Worley and Robert Monroe, who have approximately $400 million in advisory, brokerage, and retirement plan assets [1][2]. Group 1: Company Overview - LPL Financial 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, with around $1.9 trillion in brokerage and advisory assets [6]. - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to choose the business model and technology resources that best suit their needs [6]. Group 2: Advisors' Background - Benjamin Worley and Robert Monroe have a combined 36 years of experience in the financial services industry, with Worley having a background in stock market investing from a young age and Monroe previously serving as a worship pastor [2]. - Their client base primarily consists of pre-retirees and retirees located in Missouri and several other states [2]. Group 3: Client Approach - Worley Monroe Advisors emphasize a personalized approach to understanding clients' financial situations and future goals, likening their role to "puzzle people" who help clients visualize their financial future [3]. - The advisors chose LPL Financial for its improved technology, autonomy, and flexibility, which they believe will enhance their client service and support their professional growth [4].