LPL Financial Completes Onboarding of First Horizon Advisors, Enhancing Institutional Services Platform

LPL Financial has completed the onboarding of $12 billion in brokerage and advisory assets from First Horizon Advisors, along with approximately 125 advisors managing $18 billion in assets, to its institution services platform. First Horizon Bank, a subsidiary of First Horizon Corporation, joins LPL to enhance wealth management services, marking a significant step in LPL's growth trajectory in the competitive wealth management landscape.

Title: LPL Financial Completes Onboarding of $12 Billion in Assets from First Horizon Advisors

LPL Financial Holdings Inc. (Nasdaq: LPLA) has successfully completed the onboarding of $12 billion in brokerage and advisory assets from First Horizon Advisors, Inc., along with approximately 125 advisors managing $18 billion in assets, to its institution services platform. This strategic move marks a significant step for LPL in its growth trajectory within the competitive wealth management landscape.

First Horizon Bank, a subsidiary of First Horizon Corporation (NYSE: FHN), transitioned its broker-dealer and investment advisory services program to LPL. The transition, announced in April 2025, aims to enhance wealth management services and leverage LPL's advanced platform to deliver more personalized advice and drive meaningful growth. Martin de Laureal, executive vice president of Wealth Management and Private Banking at First Horizon Bank, stated, "This integration ushers in a new era of expanded capabilities for First Horizon Advisors. With LPL’s advanced platform, we’re elevating how we serve clients, delivering even more personalized advice and setting the stage for meaningful growth and stronger relationships."

Christopher Cassidy, SVP and head of Institution Business Development at LPL Financial, emphasized the collaborative nature of the partnership, "Our relationship with First Horizon is built on a shared commitment to providing outstanding advisor support. With the full strength of LPL’s integrated platform, First Horizon Advisors is well-positioned to drive deeper value and lasting impact for clients."

The onboarding process began in August 2025 and saw the transfer of approximately $12 billion in brokerage and advisory assets to LPL. The remaining direct custodied assets are expected to onboard over the next several months. This strategic alliance highlights LPL's commitment to expanding its services and strengthening its position in the financial services industry.

References:
[1] https://finance.yahoo.com/news/lpl-financial-completes-onboarding-first-130000306.html
[2] https://www.marketscreener.com/news/lpl-financial-holdings-inc-completes-onboarding-of-first-horizon-advisors-to-institution-services-p-ce7c50dede8df52c