In the after-market session on Wednesday, LPL Financial Holdings Inc. (NASDAQ: LPLA) saw a significant increase in its share price, rising by 5.00% to $281.78. During the regular session, the stock had a little uptick of 0.16%, ending at $268.37. A strategic growth plan by its affiliate, LPL Financial LLC, has resulted in excellent performance for LPL Financial’s shares.
LPLA affiliate stated that independent financial advice practice Continuity Private Wealth has been established by James “Jamie” P. Debuque, CPFA, CPWA, CRPC, and Timothy M. Baltz, CPFA, CRPC. They have a wealth of knowledge, having handled assets in retirement plans, brokerage accounts, and advice totaling over $1 billion. Their motivation for joining LPL Financial was to improve their service offerings, particularly for high-net-worth clients, and to have more autonomy.
The team at Continuity Private Wealth has been providing comprehensive financial solutions for long, built through mergers and acquisitions and a robust referral network. By guiding clients through complex financial matters such as estate planning, tax management, and investments, they aim to build meaningful relationships with multiple generations of clients.
LPL Financial’s supported independence model, LPL Strategic Wealth Services (SW), appealed to the Continuity team due to its combination of entrepreneurial freedom with robust business support. SW provides advisors with access to innovative wealth management tools, simplified pricing structures, and dedicated support staff. This allows advisors to concentrate on client needs while receiving assistance in operational and strategic aspects of their practice.
Additionally, LPL Financial’s expertise in serving high-net-worth clients made it a crucial partner for Continuity Private Wealth. Private Wealth resources and tailored solutions enable the team to meet the complex needs of affluent individuals more effectively. Among the extensive services offered by LPL are advanced estate planning, tax planning, alternative investments, banking solutions, and life insurance planning.
Together, LPL Financial and Continuity Private Wealth reinforce a commitment to delivering customized, high-quality financial services while leveraging LPL’s expertise and resources to help affluent clients grow and succeed.
