LPL Financial Holdings (LPLA) announced an agreement with First Horizon Bank (FHN) to expand their wealth management capabilities and solutions by transitioning support of the broker-dealer and investment advisory services of First Horizon Advisors to LPL and its Institution Services platform. First Horizon Advisors is a subsidiary of First Horizon Bank and consists of approximately 110 financial advisors who collectively serve approximately $16B of client assets across the company’s 12-state footprint. The financial advisors with First Horizon Advisors will continue to work one-on-one with their clients to implement investment strategies that help them pursue their financial goals. The transition is expected to be completed in the second half of 2025, subject to receipt of regulatory approval and other conditions.
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