Updated

Updated · Simply Wall St · Jul 18

LPL Financial Adds HighWater Wealth's $2.4 Billion and Alan Feutz to RIA Platforms

Updated

Updated · Simply Wall St · Jul 18

LPL Financial Adds HighWater Wealth's $2.4 Billion and Alan Feutz to RIA Platforms

1 articles · Updated · Simply Wall St · Jul 18

HighWater Wealth, with about $2.4 billion in advisory assets, and advisor Alan Feutz of Genesis Wealth have joined LPL Financial’s broker-dealer and RIA platforms.
LPL said the additions expand its reach with high-net-worth and retirement-focused clients, reflecting advisor demand for its independent, planning-centric model.
That pitch centers on open-architecture investment access plus trust, estate and multi-generational wealth capabilities aimed at supporting more complex client needs.
For investors, the recruitment modestly supports LPL’s advisor- and asset-growth story but does not materially change pressure from fee compression and interest-rate-sensitive cash sweep revenue.
LPL’s broader narrative still hinges on sustaining advisor inflows strongly enough to offset margin pressure as it targets $25.6 billion in revenue and $2.3 billion in earnings by 2029.

Sources

With a massive advisor retirement wave looming, can LPL's platform capture the $84 trillion wealth transfer to a new generation?

As LPL's advisor network expands, is its reliance on client cash revenue a hidden risk for future growth?

As LPL grows into a mega-firm, can it still deliver the independence and flexibility that advisors crave?

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