Wintrust Financial Corporation Completes Integration with LPL Platform

Core Insights - Wintrust Financial Corporation has transitioned its wealth management business to LPL Financial, enhancing its service capabilities and client experience [1][2] - The strategic relationship aims to leverage LPL's platform to provide a more streamlined and personalized experience for clients and advisors [2] - Approximately $15 billion in brokerage and advisory assets have been onboarded to LPL, with an additional $1 billion expected to onboard in the coming months [2] Company Overview: Wintrust Financial Corporation - Wintrust is a financial holding company with approximately $64.9 billion in assets, operating over 200 retail banking locations across several states [3] - The company offers a range of services including residential mortgage origination, wealth management, and commercial insurance premium financing [3] Company Overview: LPL Financial - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 28,000 financial advisors and approximately 1,200 financial institutions [4] - The firm services and custodies around $1.8 trillion in brokerage and advisory assets for 6 million Americans, providing various advisor affiliation models and fintech tools [4]