News & Events zu LPL Financial Holdings Inc (LPLA)LPLALPL Financial Holdings Inc

LPL Financial Welcomes Three Advisors Managing $430M

LPL Financial announced that financial advisors Jon Burnett, Dan Fowler and Chad Carlile have joined LPL Financial's broker-dealer, Registered Investment Advisor and custodial platforms. The advisors reported serving approximately $430M in advisory, brokerage and retirement plan assets and join LPL from Raymond James.

Cornerstone Advisors and Clear Pointe Wealth Management Join LPL Financial

LPL Financial announced that the financial advisors of Cornerstone Advisors and Clear Pointe Wealth Management have joined LPL Financial's broker-dealer, Registered Investment Advisor and custodial platforms.

LPL Financial Client Assets Decrease to $2.55 Trillion in July

LPL Financial released its monthly activity report for July. Total client assets at the end of July were $2.55T, a decrease of $16.1B, or 0.6%, compared to the end of June. Advisory assets as a percentage of total assets increased to 60.6%, up from 55.5% a year ago. Total organic net new assets for July were $7.4B, translating to a 3.5% annualized growth rate. Total client cash balances at the end of July were $54.3B, a decrease of $2.6B compared to the end of June. Net buying in July was $14.7B.