LPL Financial

LPL Financial

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Business head: Matthew Enyedi

No. clients: 342

AUC: $105,000

Min. assets: None

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In the News

LPL retains $4.3 billion at The Planners Network

December 7, 2017 - The more than 75 advisers who constitute The Planners Network—and manage, administer or advise on more than $4.3 billion in assets—have individually decided to stay with LPL Financial. Most of TPN's advisers operate as single-person or small offices....

LPL signs $530 million NPH-firm, Fross & Fross Wealth Management

December 7, 2017 - LPL Financial has retained Fross & Fross Wealth Management, a $530 million firm previously affiliated with SII Investments, a subsidiary of National Planning Holdings. Fross & Fross, located in the The Villages, Fla., is the latest firm to choose between...

Wentworth buys Purshe Kaplan Sterling

December 5, 2017 - Independent broker-dealer mergers and acquisitions continue to heat up as a buyer of wealth management businesses, Wentworth Management Services, said on Tuesday afternoon it acquired Purshe Kaplan Sterling Investments, a boutique firm that specializes...

Wells Fargo adviser managing $219 million joins Ameriprise

December 4, 2017 - Michael Huffman, who managed $219 million in assets in the Mesa, Ariz., office of Wells Fargo Advisors, has joined the employee channel of Ameriprise Financial. Mr. Huffman began his securities career at Kober Financial in 1991 and spent time at three...

New RIA aggregator enters 401(k) market

November 30, 2017 - Hub International is a neophyte among so-called RIA aggregators focused on the retirement plan market, but it's making a grand entrance that signals competitive heft and further hints at a growing consolidation trend among plan advisers. Aggregators are...

Fidelity and Lincoln collaborate on custom technology suite

November 29, 2017 - Fidelity's investment on adviser technology is starting to pay off. Over the last three years, Fidelity Clearing & Custody Solutions has collaborated with Lincoln Financial Network on a custom-built technology suite for Lincoln's retail advisers. During...

Former H.D. Vest broker barred for noncooperation

November 22, 2017 - The Financial Industry Regulatory Authority has barred former H.D. Vest broker Brian Royster for failure to provide information in connection with its investigation of his activities with clients. On January 12, 2017, H.D. Vest terminated Mr. Royster's...

Do specialized retirement plan advisers even need a broker-dealer?

November 22, 2017 - Financial advisers who specialize in the retirement plan market may find themselves considering a break from their broker-dealer. The past several years have seen 401(k) specialists, similar to wealth managers in the retail market, migrate toward compensation...

Financial Focus takes $446 million in assets from NPC to Securities America

November 16, 2017 - Financial Focus, a hybrid RIA managing $446 million in assets in Carlsbad, Calif., has switched affiliations from National Planning Corp. to Securities America. The all-female advisory firm, founded in 1984, specializes in serving women investors. In...

LPL's recruiting of top advisers falls for third straight quarter

November 15, 2017 - Recruiting large advisers, individuals or groups with more than $100 million or greater in assets has fallen off a cliff this year at LPL Financial. According to data publicly reported by the company, LPL has seen a sharp decline each quarter of 2017...

    Notes
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  • N/D = Not disclosed
  • — = Information not available or not disclosed

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