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LPL Welcomes Financial Advisor Michael Carmichael

1. Michael Carmichael joins LPL, bringing $190 million in assets. 2. Carmichael values LPL's technology and support for growing his firm. 3. LPL invested over $500 million last year in technology and resources. 4. LPL serves approximately 29,000 advisors and manages $1.7 trillion in assets. 5. LPL aims to attract more advisors to enhance growth and partnerships.

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Why Bullish?

The acquisition of a financial advisor with substantial assets can indicate positive growth prospects for LPLA. Historical patterns show that advisor additions often correlate with rising firm valuations and enhanced client bases.

How important is it?

The article highlights LPLA's strategic growth through advisor recruitment, indicating a positive outlook on future revenues and market position. Carmichael's significant assets and commitment to LPL enhance its value proposition.

Why Long Term?

The long-term growth potential resulting from increasing advisor affiliations typically outpaces short-term fluctuations. Successful M&A activities and advisor recruitment have previously led to sustainable growth in financial services firms.

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OsaicTROWSCHW
March 03, 2025 09:00 ET  | Source: LPL Financial Holdings, Inc. SAN DIEGO, March 03, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisor Michael Carmichael, RFC®, CRPS®, founder of Carmichael Financial, has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. He reported serving approximately $190 million in advisory, brokerage and retirement plan assets* and joins LPL from Osaic. With more than 20 years in financial services, Carmichael is passionate about helping his clients work toward building more secure financial futures. He works with five support staff members to provide a wide range of comprehensive wealth management services, including investments, risk management, tax strategies, retirement income planning and estate planning. They operate from registered offices in Tucson, Ariz., Englishtown, N.J., and Logan, Utah. Prior to becoming an advisor, Carmichael spent eight years in the U.S. Marine Corps, serving in the Gulf War. He holds fast to the Corps values of honor, courage and commitment, often applying those same principles within his practice. Carmichael’s aspirations to grow his business and elevate client experiences led him to LPL Financial. “I’m always looking out for the best interest of my clients, and I believe they are in a better position at LPL, a publicly traded Fortune 500 company that regularly makes significant investments into technology, resources and service,” Carmichael said. “LPL is in growth mode and so is my business. As I look to expand my firm, I appreciate knowing I have the support and M&A experience of LPL behind me. In fact, LPL has already connected me with other advisors looking to retire soon. I am confident that these connections, paired with LPL’s other growth solutions and strategies, will help propel our business forward.” Scott Posner, LPL Executive Vice President, Business Development, said, “I’d like to extend a warm welcome to Mike and his team. At LPL, we understand that advisors are looking for sophisticated capabilities and the autonomy to build and grow their ideal practice according to their vision. That’s why we invested more than $500 million last year in innovative technology and strategic resources to help their businesses thrive, both operationally and strategically. We look forward to a long-lasting relationship with Carmichael Financial.” Related Advisors, learn how LPL Financial can help take your business to the next level.  About LPL Financial LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 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 www.lpl.com. Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Carmichael Financial and LPL are separate entities. Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website. *Value approximated based on asset and holding details provided to LPL from end of year, 2024. Media Contact: Media.relations@LPLFinancial.com (704) 996-1840 Tracking #700678

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