LPL Financial announced that financial advisor Wayne McCormick has joined its Linsco channel to launch McCormick Private Wealth, bringing approximately $340 million in advisory, brokerage and retirement plan assets from Steward Partners. Based in Manchester, New Hampshire, the team includes Michelle Lauder and Bo Denniston, serving individuals and families with a planning-first approach focused on retirement and multigenerational wealth. McCormick cited LPL's integrated technology and independence as key factors in his decision after an extensive due diligence process. LPL Chief Growth Officer Marc Cohen said the firm is pleased to support McCormick's launch, noting his commitment to trusted relationships aligns with LPL's purpose.
LPL Financial Holdings IncLPL gains $340M in assets under administration from new advisor team joining its Linsco channel.
Steward Partners loses $340M in assets as advisor team departs to LPL.