LPL Financial Holdings Inc.

LPL Financial announced that financial advisor Ronald White has launched a new independent practice, NorthStar Wealth Advisors, with support from Good Life Companies, an LPL Financial-affiliated firm. The team, which includes wealth advisor Scott Draime, reported serving approximately $160 million in advisory, brokerage, and retirement plan assets and joins from Raymond James. Based in El Paso, Texas, NorthStar Wealth Advisors focuses on disciplined investing, tax-efficient strategies, and long-term financial planning for retirees, business owners, and high-net-worth families.

LPL Financial announced that Tribute Financial, a firm led by Kevin Daniels, has joined its broker-dealer and Registered Investment Advisor (RIA) platform. Tribute Financial, previously with United Planners Financial Services, brings over $500 million in advisory, brokerage, and retirement plan assets. The move enhances LPL's network by adding a family-oriented practice based in Missouri and Connecticut, drawn to LPL's advanced technology and comprehensive support.

LPL Financial announced that financial advisor Daniel Zacharias has joined its broker-dealer and Registered Investment Advisor platform, aligning with Decorum Wealth Management. Zacharias, who previously served approximately $250 million in client assets at UBS Financial Services, brings nearly two decades of industry experience. He chose LPL for the opportunity to operate with greater independence while benefiting from the firm's resources, technology, and support.

LPL Financial Holdings Inc. released its May 2026 monthly activity report, showing total client assets reached $2.55 trillion, a 3.1% increase from April and a 37.8% increase year-over-year. Advisory assets grew to 60.2% of total assets, up from 55.1% a year ago. The company reported $8.8 billion in total organic net new assets for May, representing a 4.3% annualized growth rate. Client cash balances decreased slightly to $54.8 billion, while net buying activity was $13.7 billion.

LPL Financial announced that Spectrum Wealth Strategies, a team of financial advisors, has joined its broker-dealer and Registered Investment Advisor (RIA) platform. The team reported serving approximately $1.5 billion in advisory, brokerage, and retirement plan assets, transitioning from MassMutual. Based in Dallas with additional offices, Spectrum Wealth Strategies emphasizes a collaborative, team-based approach to long-term financial planning for high-earning individuals and families. The team chose LPL for greater independence, enhanced capabilities, and advisor-focused support.

LPL Financial LLC announced that Fortress Financial Planning, led by advisors Bassem Moez and James Darden, has joined its broker-dealer and Registered Investment Advisor platform. The team, previously with MassMutual, reported serving approximately $150 million in advisory, brokerage, and retirement plan assets. Based in the Detroit metro area, Fortress Financial Planning focuses on personalized financial guidance for a diverse client base, emphasizing independence, transparency, and education.

LPL Financial LLC announced that Les Smith, CFP®, has joined its broker-dealer and Registered Investment Advisor platform. Smith brings approximately $185 million in advisory, brokerage, and retirement plan assets from Edward Jones. Based in Spring Hill, Tenn., Smith founded Smith Complete Wealth and has over a decade of experience serving pre- and post-retirement clients, particularly blue-collar individuals. He chose LPL for its advanced technology, flexibility, and advisor-first model, believing it will enhance his ability to serve clients with more customized and tactical investment approaches.

LPL Financial LLC announced that Darren Colananni, a financial advisor, has joined its broker-dealer and Registered Investment Advisor platform, launching Allegia Wealth Management. Colananni brings approximately $230 million in advisory, brokerage, and retirement plan assets from Centurion Wealth Management. Allegia Wealth Management, based near Washington, D.C., focuses on serving high-net-worth individuals and families with complex financial situations. Colananni cited LPL's technology, scale, and advisor support as key reasons for his move.

LPL Financial announced that financial advisors Scott Gilliam and Travis Blessing have launched a new independent practice, Align Private Wealth, affiliating with LPL's broker-dealer and RIA platform. The team, joining from PNC Private Bank, reported serving approximately $2 billion in advisory plan assets. Based in Greenwood, Ind., Align Private Wealth focuses on high-net-worth and ultra-high-net-worth families, choosing LPL for its independence support, scale, and resources to enhance client experience.

LPL Financial announced that financial advisor Steve Schott, MBA, owner and CEO of Schott Financial Management, has joined its broker-dealer and RIA platform. Schott brings approximately $240 million in advisory, brokerage, and retirement plan assets from Cambridge Investment. Schott Financial Management, a third-generation business based in Prescott, Ariz., specializes in serving retirees and those approaching retirement, choosing LPL for its self-clearing platform and integrated technology to enhance client experience and streamline operations.