LPL Financial Welcomes Advisor Kelly Compton: Expanding Their Broker-Dealer and RIA Platforms
SAN DIEGO, Aug. 26, 2024 - LPL Financial LLC has exciting news to announce as they welcome financial advisor Kelly Compton to their broker-dealer, RIA, and custodial platforms. Compton, who served approximately $150 million in advisory and retirement plan assets, is joining LPL Financial after owning his own RIA, WCM Wealth Management, which custodied with Schwab Advisor Services. This move aligns Compton with the existing firm Client Centric Wealth Management, which is part of Upstream Investment Partners.
LPL Financial is a leading retail investment advisory firm and independent broker-dealer, providing various tools, technology, and resources to advisors across the United States. Their partnership with Compton reflects their commitment to expanding their reach in the financial advisory industry.
Compton brings a wealth of experience to LPL Financial, having successfully managed a considerable amount of assets throughout his career. By aligning with LPL Financial’s robust platforms, he will have access to a wide range of resources that can enhance his ability to serve clients effectively.
LPL Financial believes that Compton’s extensive experience and expertise will be invaluable in helping them continue their growth trajectory. They are confident that by providing Compton with a supportive and collaborative environment, he will be able to provide exceptional service to his clients.
This announcement comes at a time when LPL Financial Holdings Inc’s shares have experienced a slight drop of -6.43% over the past 30 days. Despite this, LPL Financial achieved a return on average invested assets (ROI) of 12.31% in the second quarter of 2024. While this falls slightly below their average return on investment of 13.56%, it is important to note that there was a decline in net income during this period.
It is noteworthy that within the financial sector, there are 31 other companies that have a higher return on investment than LPL Financial. However, LPL Financial’s overall ROI ranking has improved from 464 in the first quarter of 2024 to 346 in the second quarter of 2024, showing positive progress.
The addition of Kelly Compton further strengthens LPL Financial and showcases their commitment to attracting top talent in the industry. With Compton’s expertise and LPL Financial’s robust platform, they are poised for continued success in the financial advisory world.
In conclusion, LPL Financial’s welcoming of advisor Kelly Compton demonstrates their dedication to expanding their broker-dealer and RIA platforms. Compton’s joining of forces with Client Centric Wealth Management, part of Upstream Investment Partners, will undoubtedly enhance LPL Financial’s ability to provide exceptional service to their clients. Despite the recent drop in shares, LPL Financial remains confident in their ability to deliver solid returns on investment. This strategic move, coupled with Compton’s expertise, positions LPL Financial for continued growth and success.
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