LPL Update – February

From celebrating continued business growth and LPL leadership promotions to welcoming new advisors to the firm, we are feeling grateful as we look back on February milestones and excited as we look ahead to March.

Here are some of the highlights from LPL Financial this month.

LPL Milestones

We opened February by announcing our fourth quarter full 2022 earnings results , which reflected our continued business growth, market share gains, and solid financial results. We are proud of all we’ve accomplished this past year and we will continue driving our mission to be the best at empowering advisors and institutions to deliver great advice to their clients and run thriving businesses in 2023 and beyond.

This month we announced the launch of Partial Book Sales , our newest offering that allows our partners to easily reshape their book of business and create capacity to do more of what matters most. We believe advisors of all stages can benefit from this service and are excited to add Partial Book Sales to our wealth of options driving advisor growth alongside?Bookkeeping Services ,?Paraplanning Services ?and the?Private Client Services Network .

In exciting LPL news, we announced Matt Audette and Matt Enyedi will take on expanded leadership positions centered on client interactions and operational needs. Matthew Enyedi has been promoted to Managing Director, Client Success leading a client-centered, cross-functional team responsible for fueling the sustained success and satisfaction of LPL advisors and institutions. Matt Audette will assume responsibility for the firm’s risk, compliance, and client operations functions in his expanded role as CFO and head of Business Operations. Big congratulations to this dynamic duo!

I’m personally thrilled to share that Aneri Jambusaria has joined our Executive Leadership team here at LPL as Managing Director, LPL Services Group. I still remember the day Aneri Jambusaria joined LPL in early 2020, and am blown away by all she’s accomplished in the short time she’s been here. Her knowledge, experience and commitment to empowering the most successful advisors and institutions in the industry will be instrumental as we scale our services offering to help even more clients thrive. We couldn’t be luckier to have her on board. Congratulations, Aneri!

Last but certainly not least, we welcomed Julian Lopez to the firm as Executive Vice President, Independent Advisor Services . Julian is a seasoned industry leader with a successful track record of supporting advisors, fueling sustained success and satisfaction of clients. We are proud to have him on board and we look forward to watching him help deliver on LPL’s mission of taking care of advisors so they can take care of their clients. Welcome, Julian!

Notable Joins

We are extremely pleased to announce the closing of our acquisition of Financial Resources Group Investment Services this month. This acquisition deepens our partnership with FRGIS, which is a key foundational piece to our expansion in several strategic growth areas, including community-based financial institutions, employee advisors and independent advisor offices. This is the beginning of a new chapter with a long-standing, esteemed partner and LPL advocate and we look forward to continuing to support the entire FRGIS team for many years to come.

We couldn’t be more excited to welcome Legacy Financial Group – a team with nearly 30 years of industry experience - this month as they join our RIA family . We admire their mission to create a plan that empowers each client to truly live a fulfilled life, one that is about more than money, and we look forward to supporting their goal to become a leading financial planning firm in New Mexico.

Looking to keep his clients’ best interest at the forefront of everything he does, Thom Maher decided it was time to break away from the wirehouse and build an independent practice with the support of LPL Strategic Wealth Services . Thom is another welcome addition to the Strategic Wealth family, and we look forward to supporting him on his journey to independence for many years to come. Congratulations, Thom, on the launch of Maher Wealth Management !

Seeking more freedom and autonomy, as well as enhanced technology and the ability to provide clients with differentiated experiences, financial advisor Eric Gallinger joined LPL this month aligning with our large RIA, Stratos Wealth Partners . We’re honored Eric turned to LPL and Stratos on his journey to independence and we’re excited to provide him with the flexibility to serve his clients with innovative capabilities while giving them the experiences they deserve.

Advisor Spotlight

Did you know that an estimated 37% of financial advisors are expected to retire over the next 10 years, yet one out of every four do not have a succession plan in place?

It’s clear significant change is on the horizon for the financial planning market, and those who are actively planning for the future are often faced with one of two decisions: recruit capable advisors from within their own wirehouse to take over their practice, or search externally.

Succession planning isn’t easy and with all of the potential unknowns, risks and changes within the market, it can be difficult to decide on the best scenario for your firm.

That’s where LPL Strategic Wealth steps in to provide advice and unwavering support to help advisors like Pat Mcquilling and Mike Ashworth map a future they feel confident and comfortable with.

Take a look at their story to learn how bringing in LPL’s experienced professionals allowed them to take the stress of succession planning off their plates so they could focus on providing their clients with the best possible care.?