SAN DIEGO, March  17, 2026  (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that advisors Stephen Horvath, CHFC®, CLU®, CEP®, AIF®, Brady Doe, AIF® and David Hermann have joined LPL

LPLA

LPL Financial Welcomes Consilium Wealth

LPL Financial Gains $250 Million with New Consilium Wealth Team

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    <h3>Information</h3>
    <p>SAN DIEGO, March  17, 2026  (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that advisors Stephen Horvath, CHFC®, CLU®, CEP®, AIF®, Brady Doe, AIF® and David Hermann have joined LPL</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>LPL Financial has onboarded Consilium Wealth, a team managing over $250 million in assets, enhancing its offering for retired university educators and families. This development is expected to bolster LPL&#039;s market position and growth trajectory, thanks to the added expertise and focus on personalized financial planning.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>LPL Financial welcomes Consilium Wealth team with $250 million assets.</li><li>Team specializes in financial planning for university educators and families.</li><li>LPL&#039;s platform enhances services for advisors and clients.</li><li>Consilium Wealth highlights LPL&#039;s robust investment research and support.</li><li>Team&#039;s introduction strengthens LPL&#039;s market positioning and growth prospects.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>LPL Financial LLC (LPLA)</strong>: New team addition improves LPLA&#039;s asset management and client services.</li><li><strong>Cambridge Investment (N/A)</strong>: Former firm of some advisors, potential for client migration to LPLA.</li><li><strong>First Heartland Capital (N/A)</strong>: Source of one team member indicating competitive dynamics.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits under &#039;Corporate Developments&#039; as it highlights a strategic expansion of LPL&#039;s services through new talent acquisition. It underscores LPL’s commitment to strengthening its market position and addressing the needs of specific client demographics.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Consilium Wealth’s $250 million in new assets may boost LPLA’s revenue streams.</li><li>The team&#039;s focus on high-net-worth clients increases LPLA’s market appeal.</li><li>Positive sentiment from new team additions may bolster LPLA stock value.</li><li>Expanded capabilities through this team enhance competitive positioning in the sector.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Consilium Wealth joins LPL managing over $250 million in assets.</li><li>The team specializes in financial planning for retired university educators.</li><li>LPL Financial supports over 32,000 financial advisors.</li><li>LPL manages approximately $2.4 trillion in brokerage and advisory assets.</li><li>The firm serves around 8 million Americans through its financial services.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy LPLA as new team strengthens market presence and asset growth prospects.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>SAN DIEGO, March  17, 2026  (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=wS6od2XAf13qm16re3SS8-B259sU_BJ0OwUXUaNJeiw89nOGEcZ_2IBc7T6-E0KxQ4knoypbljJY2AD-UgPuGA==" rel="nofollow" target="_blank">LPL Financial LLC</a> announced today that advisors Stephen Horvath, CHFC&#xAE;, CLU&#xAE;, CEP&#xAE;, AIF&#xAE;, Brady Doe, AIF&#xAE; and David Hermann have joined LPL Financial's broker-dealer and Registered Investment Advisor (RIA) platform to form Consilium Wealth. The team reported serving over $250 million in advisory, brokerage and retirement plan assets.&#x2A; Horvath and Doe join LPL from Cambridge Investment and Hermann joins from First Heartland Capital.</p>    <p>Located in Tucson, Ariz., the team has nearly 60 years of combined experience and specializes in supporting retired and retiring university professors, primarily from the local universities. Educators represent the majority of Consilium Wealth's client base, but they also serve individuals and families referred to through the academic community. Consilium Wealth provides comprehensive, goals-based financial planning, supported by an experienced staff and a philosophy centered on long-term relationships and multi-generational guidance.</p>    <p>"Our commitment extends not only to our clients, but also to their children, grandchildren and philanthropic interests," said Horvath. "We help families plan across generations through comprehensive strategies designed with a goal to grow and protect wealth, reduce tax burdens and ensure the orderly distribution of assets to heirs and charitable causes. We believe financial planning should support every chapter of a family's legacy with clarity, intention and care."</p>    <p><strong>Why Consilium Wealth</strong> <strong>Chose LPL</strong></p>    <p>The Consilium team selected LPL for its scale, resources and advisor-focused platform designed to enhance support for advisors and improve the end-client experience.</p>    <p>"LPL stood out for its robust investment research department, extended support hours through its West Coast headquarters and the simplicity of its combined clearing and broker-dealer model. These advantages will strengthen our ability to operate efficiently and better serve our clients," said Horvath.</p>    <p>Scott Posner, managing director of business development at LPL, said, "We are pleased to welcome Consilium Wealth to LPL. Their commitment to deeply personalized, high-touch service aligns with LPL's mission to empower advisors with the independence, technology and support needed to run their sound, thriving practice."</p>    <p><strong><u>Related</u></strong></p>    <p>Advisors, learn how LPL Financial can help <a href="https://www.globenewswire.com/Tracker?data=k41_ZoZxyX7PShFxcd5bVulYn6i46BHtDmV_vtSnc-WhaU3a39aLPZ2mtri02HuxX3MgCSwBm27RDunCfJJGm03tcPcX0ixV_otnB3k4FPymoQlysHX27219a1SRfeOTAwoICD5g55tJeHgS5P2rtWGtplyeWeLm010tntJgqc4=" rel="nofollow" target="_blank">take your business to the next level</a>.</p>    <p><strong><u>About LPL Financial</u></strong></p>    <p>LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LPLA">LPLA</a>) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit <a href="https://www.globenewswire.com/Tracker?data=jIQuvPilKKKjmURswNiKssfAYEDab7au7mF4wj5brwsLUb1Pf15xGywnKQkSNN9yKthn6E9SZndV54t94ZSuTg==" rel="nofollow" target="_blank"><u>www.lpl.com</u></a>.</p>    <p><strong>Securities and advisory services offered through LPL Financial LLC ("LPL Financial"), a registered investment adviser and broker-dealer. Member FINRA/SIPC. </strong>Consilium Wealth and LPL Financial are separate entities.</p>    <p><em>&#x2A;Value approximated based on asset and holding details provided to LPL from end of year, 2025.</em></p>    <p><strong><u>Media Contact:</u></strong> <br></br><a href="https://www.globenewswire.com/Tracker?data=3Gh4JzPyC0kBxkQt5wLVLxs07zaNBWktcAESUuxPmli3-P_hEhzfND1OKMCt2YAznxpXLWKfrMqxc5rYY-_CGWFPgWyIJYZUFhxZrtvZhl-O3TYdY4DDcPRwQhpI9ysU8XPY4A_cvlbAmkg3BtwCvg==" rel="nofollow" target="_blank">Media.relations@LPLFinancial.com</a> <br></br></p>    <p>Tracking #1078587</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY3MzAzOSM3NDg4MDMzIzIwMTkxNDA="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NDczMTQ4NjEtZGU1Zi00NDAyLTk1ZGEtNDg4YzUxNzVlMjE4LTEwMzA3MTMtMjAyNi0wMy0xNy1lbg==/tiny/LPL-Financial-Holdings-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/53e1e8c9-85a6-4959-822d-a2cead7e0840"><img src="https://ml.globenewswire.com/media/53e1e8c9-85a6-4959-822d-a2cead7e0840/small/lpl-financial-logo.jpg" border="0" width="150" height="35" alt="Primary Logo"></img></a></p>

LPL Financial has onboarded Consilium Wealth, a team managing over $250 million in assets, enhancing its offering for retired university educators and families. This development is expected to bolster LPL's market position and growth trajectory, thanks to the added expertise and focus on personalized financial planning.

LPL Financial Welcomes Consilium Wealth

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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