LPL Financial Holdings has added advisor teams Spectrum Wealth Strategies and Fortress Financial Planning to its broker-dealer and RIA platforms, bringing approximately $1.65 billion in combined client assets. The recruitment comes as the firm’s May 2026 client assets rose and advisory assets surpassed 60% of the total, supporting organic growth. The moves underscore LPL’s appeal as a hub for independent wealth management practices, though the stock trades at a richer multiple than many peers and faces execution risk in converting asset growth into durable earnings.
LPL Financial Holdings IncAdded advisor teams managing $1.65B in client assets, supporting organic growth.