LPL Financial Holdings Inc.

LPL Financial LLC has welcomed Joe Borgese and his practice, Contour Wealth Management, LLC, to its broker-dealer and RIA platforms. Contour Wealth Management, LLC, based in Boyertown, Pennsylvania, previously managed approximately $390 million in assets and joins LPL from Cetera. The firm cited LPL's technology, operational support, and advisor-focused service model, along with the potential for cost efficiencies for clients, as key factors in their decision. LPL Financial highlighted Contour Wealth Management's deeply personal practice built around continuity and comprehensive planning.

LPL Financial Holdings Inc. announced its third quarter 2026 financial results, reporting a net income of $357 million, or $4.52 per diluted share, a significant improvement from a net loss in the prior year's quarter. The company highlighted strong business performance with total client assets increasing 11% year-over-year to $2.6 trillion, driven by a 16% rise in advisory assets. Adjusted EPS saw a 15% year-over-year increase to $5.97. Key strategic initiatives are progressing, including the on-track conversion of Commonwealth Financial Network, with asset retention expected around 83%. The company also declared a quarterly dividend of $0.30 per share.

LPL Financial concluded its annual Focus 2026 conference, highlighting how its scale, research capabilities, and integrated platform empower clients to grow more efficiently. The firm emphasized investments in AI-powered workflows, service modernization, and integrated advisor experiences to help advisors serve clients more comprehensively. LPL leaders underscored their commitment to providing insights, strategies, and infrastructure that support a wide range of business models while preserving advisor independence.

LPL Financial announced that financial advisors Matt Roberts and Kent Voges have joined its platform, affiliating through LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platforms. The advisors, who previously served clients at Valic Financial Advisors (now Corebridge Financial), bring approximately $350 million in advisory, brokerage, and retirement plan assets. They will operate under Frontline Investment Advisors, powered by 15 Wealth, citing enhanced technology, expanded resources, and operational support as key reasons for their move.

LPL Financial leaders highlighted their vision for the future of wealth management, emphasizing technology-enabled efficiency and expanded capabilities to deliver personalized services. The firm showcased enhancements across investment management, alternative investments, tax planning, banking, lending, and high-net-worth services. Key announcements included the growth of Model Wealth Portfolios to over $200 billion with reduced minimums, and the expansion of alternative investment strategies and HNW support.

LPL Financial kicked off its annual Focus 2026 conference, highlighting significant investments in technology and AI to empower financial advisors. CEO Rich Steinmeier emphasized that AI will enhance advisor value by automating tasks, allowing more focus on human elements like client relationships and personalized guidance. Chief Technology and Information Officer Greg Gates detailed a nearly $2 billion investment over three years to modernize infrastructure, strengthen cybersecurity, and integrate AI through platforms like LPL Latitude and its AI agent, Cyan, to streamline advisor workflows and improve client experience.

LPL Financial LLC announced that Paxel Financial Consulting has joined its broker-dealer and Registered Investment Advisor (RIA) platform. Paxel Financial Consulting, led by Chin Po, CPA, brings approximately $300 million in advisory, brokerage, and retirement plan assets and moved from Cetera. The firm will also leverage Private Advisor Group's infrastructure to enhance client experience through expanded technology and resources, while maintaining its independent advisory model.

LPL Financial LLC announced that WestKai Private Wealth, a financial advisor team led by Don A. Harrell, CFP®, has joined its LPL Strategic Wealth model. The San Clemente, Calif.-based team, which includes Blake Davidson and Cate Harrell, reported serving approximately $400 million in advisory, brokerage, and retirement plan assets. They transitioned from Morgan Stanley, seeking greater independence, expanded resources, and enhanced client experience through LPL's technology and platform.

LPL Financial announced that LPL Research has launched a new suite of 17 Building Block Model Portfolios, expanding its model portfolio platform to over 70 offerings. This launch provides advisors with greater flexibility for customized investment solutions. The announcement coincides with LPL Research's model portfolio platform surpassing $100 billion in assets under management as of February 2026, reflecting strong advisor adoption and growth.

LPL Financial Holdings Inc. reported strong second-quarter 2026 results with net income increasing by 39% to $379.3 million and diluted EPS rising to $4.74. The company also saw significant growth in total advisory and brokerage assets, reaching $2.56 trillion, up 33% year-over-year. Additionally, the Board authorized a new $2.5 billion share repurchase program, signaling confidence in future performance and capital return to shareholders.