LPL Strategic Wealth Services Launches Thimble Island Private Wealth; Served ~$830M In Advisory, Brokerage And Retirement Plan Assets
Portfolio Pulse from Benzinga Newsdesk
LPL Strategic Wealth Services announced the launch of Thimble Island Private Wealth, which serves approximately $830 million in advisory, brokerage, and retirement plan assets. This move signifies LPLA's commitment to expanding its wealth management services and could potentially attract more clients and assets under management.

May 07, 2024 | 1:15 pm
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The launch of Thimble Island Private Wealth by LPL Strategic Wealth Services, managing around $830 million, highlights LPLA's expansion in the wealth management sector.
The introduction of Thimble Island Private Wealth under LPL Strategic Wealth Services, with its substantial asset base, is a positive development for LPLA. It not only showcases the company's ability to innovate and grow its service offerings but also potentially increases its assets under management, which is a critical metric for investors in the wealth management industry. This could lead to increased investor confidence and a positive impact on LPLA's stock price in the short term.
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