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AUM addition of $395M and continued advisor-network expansion typically supports revenue growth and market share in the wealth-channel, though impact is gradual and accretion may be modest near term.
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ClearHaven Wealth Management, a Minnesota-based team, joined LPL to establish an autonomous practice under LPL's platform, managing about $395 million across advisory, brokerage and retirement assets. The hire highlights LPL's ongoing strategy to recruit experienced RIAs attracting high-net-worth clients, potentially expanding AUM and recurring revenue over time. The development could modestly lift LPL's growth trajectory in the near term and beyond.
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