2022-06-15 | NDAQ:LPLA | Press release

New program creates full-service offering for advisors to serve affluent market

CHICAGO, June 15, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq: LPLA) today introduced the LPL Private Client Services Network, a new program offering LPL-affiliated advisors access to a carefully curated registry of companies that can provide assistance in meeting the sophisticated and complex needs of their wealthy clients. The new offering was presented to advisors attending LPL’s annual Private Wealth Symposium taking place at the University of Chicago Booth School of Business June 13-15.

Advisors using LPL’s private client offering will now be able to access reputable and approved firms to provide a personalized full-service option to their clients. Network access can help sell small and medium-sized businesses; hedging and monetization of concentrated equity positions; high-end P&C insurance; specialized tax services; and specialized loans.

“The new program is a distinctive addition to our private banking offering, creating a full service option for advisors who serve or seek to serve high net worth clients. With LPL’s Private Client Services Network, Advisors have access to vetted vendors, enabling a concierge-like experience that can help Advisors drive value and deepen client relationships,” said Patrick J. Herrington, CFP®, CEP®, Vice President, LPL Private Client.

From 2016 to 2021, LPL’s Private Client offering has enabled more than 200% growth in assets associated with high net worth households, defined as households with more than $5 million in assets invested with their LPL advisor.

Advisors specializing in serving high net worth clients have been invited to LPL’s Private Wealth Symposium, an invitation-only two and a half day event designed to provide attendees with valuable insight into the high net worth market, and provide content technique centered on the multidisciplinary nature of wealth management. Financial industry leaders and world-class academics from the prestigious University of Chicago Booth School of Business presented topics ranging from economics to inflation to sophisticated planning techniques.

About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the business should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve,** supporting more than 20,000 financial advisors, approximately 800 institutional investment programs and approximately 500 independent RIA firms nationwide. We are unwavering in our commitment to the advisor-centric model and the belief that Americans deserve access to personalized advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that allow them to run their practice perfectly. And they have the freedom to manage their relationships with their customers because they know their customers best. Simply put, we take care of our advisors, so they can take care of their clients.

**Best RIA Custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent brokerage in the United States (based on total revenue, Financial Planning magazine 1996-2021); #1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliates provide financial services only from the United States.

Securities and advisory services offered by LPL Financial LLC, an SEC-registered broker-dealer and investment adviser. FINRA/SIPC member.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or representatives of investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be material to shareholders under “Investor Relations” or” Press Releases” section of our website.

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Media Contact:

Lauren Hoyt-Williams

(980) 321-1232

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