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New AUM and franchise expansion tend to support revenue growth and higher fee-related income; historically, advisor additions at major platforms have modestly driven multiple expansion and organic growth, assuming smooth integration and cross-sell opportunities.
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LPL Financial announced Conte Wealth Advisors’ team joining its broker-dealer/RIA platform, adding about $1.6 billion in assets from Cambridge Investment Research. The Camp Hill, PA-based practice has 24 advisors across multiple states and emphasizes a planning-first, collaborative culture. The move reinforces LPL’s growth strategy to attract independent advisors through technology and scale, with potential near-term revenue and AUM expansion over the coming quarters.
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