LPL Update - July

It’s been a busy and exciting summer here at LPL Financial ! In the heat of July, we’ve been working together to prepare for our largest-ever annual flagship conference, #LPLFocus , while also celebrating our nation’s independence and the new independent partnerships formed within the firm.??

Here are some of our recent highlights.

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In LPL leadership news, we proudly announced Althea Brown ?as the new managing director and chief legal officer. She will lead the firm’s Corporate Law and Government Relations; Litigation and Regulatory Affairs; and Legal Operations and Business Management functions. Althea has significant experience in leading high-performing legal teams that support innovative and highly regulated technology products and solutions, and we can’t wait to watch her continue to evolve our legal department into a best-in-industry asset for our clients.

We were also thrilled to welcome?Jeremy Holly back to the LPL family this month! Jeremy is a seasoned leader who will move some of our most significant growth opportunities from startup to formation mode. Not only will he help support our current advisors as they plan their businesses’ futures, but he’ll also help build out some of our programs that continue to be differentiators and growth engines for the firm. It’s great to have you back, Jeremy!

LPL furthered its commitment to expanding the diversity and reach of financial professionals this month with its support of the?National LGBT Chamber of Commerce (NGLCC) ?and the?LGBTQ+ advisor business community . We are pleased to be a part of the upcoming?2023 NGLCC International Business & Leadership Conference ?and awards ceremony, which will be held August 15-18 in Denver.??

Notable Joins

We kicked the month off by welcoming?Buddy Favor? to the LPL community, supporting the launch of his new independent practice, Favor Financial Group. Our organization is deeply committed to providing innovative technology and robust business solutions to help Buddy and his team of advisors build their ideal practice, and we look forward to helping provide their clients with exceptional experiences for many years to come.

Next, we announced financial advisors?Daniel Sopher, Bobby Sopher, Matthew Sopher, and Judi Diamond to the firm, supporting their decision to take the next step in the evolution of their practice by launching Sopher Financial Group. We are proud to help meet their client’s expectations for differentiated service experiences and excited to provide them with access to sophisticated wealth management solutions and robust resources for their team. Welcome to the family!

The LPL community is honored to support?Jason Johnson ’s evolving business, 509 Wealth Management as he partners with our firm this month to gain differentiated tools and integrated capabilities to help his firm deliver meaningful, customized services to their clients. Jason is a seasoned financial advisor with over 25 years of industry experience, and we are honored to support him on his new independent journey offering him the freedom and flexibility to run his business on his terms.

Seeking a strategic partner to help provide elevated client experiences, 22-year industry veteran Bart Deluca found LPL and Intrua Financial the best fit for his long-term career goals and growing financial practice. We wish?Bart all the best in this next chapter of his career at LPL,?and congratulate Intrua on growing its network of quality advisors.

We are happy to support?David W. Rodgers’ journey to independence as he aligns with LPL this month to elevate the service experience and put clients’ best interests first. We are honored to work alongside David’s team and committed to being their partner for the long run, providing them with robust business resources needed to thrive. Welcome to the LPL family!

We are proud that?Jerry Kanter and Scott Mason ?of Advanced Benefit Systems recognized LPL’s strength in the marketplace as a benefit to their evolving practice and warmly welcome them to the LPL community this month. It’s an honor to help them build their ideal practice, ensuring business continuity for generations to come, and we look forward to supporting the growth of their business.

At LPL, we know what it takes to launch and operate a blossoming practice which is why we were thrilled to help support the launch of?Laura Evans and Whitney Feasel's new independent business, Bloom Wealth Strategies. LPL’s partnership and integrated capabilities will help Bloom grow and differentiate its practice, and we are grateful to be their chosen partner.

We were honored to welcome Gary Lucas, along with partners Ronald Pratt, Jr. and Brenda Monk ?to the firm this month in a new partnership that will further drive their strategic and focused approach to help their clients achieve their financial objectives. LPL applauds this approach and is proud to support them through differentiated technology, business solutions, and innovative wealth management platforms to enhance their client experience. We are grateful to have them on board and look forward to a long and successful partnership with Syracuse Wealth Management!

We were proud to announce that 40-year industry veteran John Thornton has teamed up with Jake McLean this month to launch their new business, Capitum Wealth Management through LPL’s employee advisor channel, Linsco by LPL . We understand advisors want the freedom to nurture client relationships and build their business on their terms. That’s why we make it our mission to meet advisors where they are in the evolution of their business to help them create their perfect practice. Welcome, John and Jake!

Following John and Jake, we announced financial advisors?Terri Conger, Joseph Blackner, Jace Kasteler, and Trevor Lubereski to the firm as they partner with LPL to launch their new independent practice,?Pacific Legacy Wealth Partners .?We look forward to helping the Pacific Legacy team differentiate their practice and enhance their clients’ lives through our Strategic Wealth Services platform, empowering them to grow their businesses and elevate the client experience like never before.

Seeking more control and autonomy of their business, we welcomed financial advisors Matt Tabler, Mark Eberle, and Mark Allison ?of?Pinnacle Private Wealth Advisors to the LPL family this month as they embark on their next chapter of business as independent advisors. We’re grateful to be able to allow the Pinnacle team to run their practice on their terms, deciding what’s best for their clients while receiving comprehensive modern services and support. Congratulations to the team!

Lastly, we were proud to announce the exciting acquisition of wealth management business?Crown Capital Securities to LPL this month. With the move, Crown advisors will maintain the independence and freedom to innovate while enjoying access to LPL’s industry-leading technology and integrated advisor platform. Additionally, advisors will have the operational support to help their practices thrive and enhance their long-standing and personal client relationships. Having this long-established practice join the LPL community is an honor

LPL Research Spotlight

In case you missed it, the LPL Research team released the firm’s highly anticipated?Midyear Outlook 2023 ?report this month, in which our LPL Research experts share their knowledgeable insights on what lies ahead for the second half of 2023.

The report includes an in-depth analysis of the economy and markets and is available in an?interactive digital version ?and as a?downloadable PDF for LPL clients.?

The firm releases this report annually to provide actionable insights that will position investors, along with guidance from their financial advisors, to achieve their goals, and we couldn’t be more proud of our LPL Research team and those working behind the scenes to make this year’s report one of our best.

Job well done!