SAN DIEGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor John Somerville has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch Somerville Wealth Management. He reported serving approximately $280 million in advisory, brokerage and retirement plan assets* and joins LPL from D.A. Davidson & Co. He will operate from a new Linsco office in Santa Barbara, Calif. With more than 40 years of experience in the financial services industry, Somervill ...

Core Insights - LPL Financial is enhancing its financial technology and investment solutions to improve advisor-client interactions and deliver personalized financial advice [1][2][3] Investment in Technology - In 2024, LPL invested approximately $500 million in technology innovation and infrastructure enhancements, resulting in over 250 new product enhancements that positively impacted advisor and client experiences [2] - The firm launched AI Advisor Solutions to help advisors integrate AI tools while managing compliance and regulatory risks, with plans to expand AI-powered solutions in the coming year [3] Technology Enhancements - Key updates in Q4 include a modernized money disbursement process, redesigned mobile app interface, enhanced client reporting capabilities, and advanced portfolio modeling tools in the ClientWorks platform [4] - The ClientWorks Rebalancer received updates to improve user experience, including session history viewing and a streamlined dashboard [4] Leadership Expansion - LPL has strengthened its technology leadership by appointing Sid Vyas as Chief Technology Officer of Infrastructure and Operations and Renana Friedlich as Chief Information Security Officer [5] Industry Recognition - LPL received the "Artificial Intelligence—Customer Engagement" award at the Datos Insights 2024 Digital Wealth Management Impact Awards, and several executives were recognized with ORBIE® Awards for their technology leadership [6] Company Overview - LPL Financial Holdings Inc. is a leading wealth management firm in the U.S., supporting over 28,000 financial advisors and approximately 1,200 financial institutions, managing around $1.8 trillion in assets for 6 million Americans [8]

LPL Financial (LPLA) witnessed a rise in total brokerage and advisory assets in November 2024. The metric was $1.76 trillion, which grew 5.1% from the prior month and 35.3% year over year.LPLA’s Performance BreakdownOf LPLA’s total assets, brokerage assets were $785.6 billion and advisory assets amounted to $973.8 billion. Brokerage assets jumped 3% from October 2024 and 31.3% year over year. Advisory assets were up 6.9% from the previous month and 38.7% from November 2023.Total net new assets (NNAs) were $ ...

SAN DIEGO, Dec. 17, 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 November 2024. Total advisory and brokerage assets at the end of November were $1.76 trillion, an increase of $86.0 billion, or 5.1%, compared to the end of October 2024. Total net new assets for November were $35.0 billion, which included $0.8 billion of acquired net new assets resulting from ...

SAN DIEGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Jeffrey Grange, CWS® has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Grange Wealth Management of LPL Financial. He reported serving approximately $300 million in advisory, brokerage and retirement plan assets* and joins LPL from D.A. Davidson & Co. He will operate from a new Linsco office in Santa Barbara, Calif. Grange’s journey into financial services followed tenures as a co ...

SAN DIEGO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Marc Cohen has been promoted to managing director, Business Strategy and Innovation, and has joined the LPL Financial Management Committee. In this role, Marc will continue to lead the development of the firm’s corporate strategy and expand his responsibilities to include leading business line and affiliation strategy for independent advisors, large enterprises and institutional channels. In addition, Cohen now leads the com ...

LPL Financial (LPLA) shares jumped 3.1% since last week’s announcement of a rise in total brokerage and advisory assets at the end of October 2024. The metric was $1.67 trillion, which grew 5.1% from the prior month and 37.2% year over year. The rise was driven by robust market performance and the acquisition of Atria Wealth Solutions, Inc.Of LPLA’s total assets, brokerage assets were $762.7 billion and advisory assets amounted to $910.6 billion. Brokerage assets jumped 8.9% from September 2024 and 34.8% ye ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34963 LPL Financial Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 20-3717839 (State or othe ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks ...