LPL Financial Enhances First Horizon Advisors' Capabilities
LPL Financial Holdings Inc. (Nasdaq: LPLA), a prominent firm in wealth management, has officially onboarded First Horizon Bank onto its institution services platform, marking a significant milestone in their partnership. This transition signifies a new chapter in enhancing the broker-dealer and investment advisory services offered through First Horizon Advisors, Inc.
Expanding Service Strength
As indicated by Martin de Laureal, the executive vice president of Wealth Management and Private Banking at First Horizon Bank, this integration opens doors to broader capabilities for First Horizon Advisors. “Utilizing LPL’s advanced technology platform will allow us to serve our clients with more personalized advice, facilitating meaningful growth and stronger relationships,” he stated, highlighting the firm’s commitment to delivering top-notch service.
Commitment to Advisor Support
Christopher Cassidy, the senior vice president and head of Institution Business Development at LPL Financial, echoed de Laureal's sentiments, affirming that their collaboration relies on a mutual commitment to exceptional advisor support. The synergy formed through this partnership is poised to create deeper value and lasting impacts for clients, driven by LPL’s robust integrated platform.
The Transition Process
Back in April 2025, LPL and First Horizon Bank initiated their agreement, and by August 2025, they successfully transitioned around $12 billion in brokerage and advisory assets to LPL. This proactive move is part of a larger strategy to onboard remaining assets in the forthcoming months, strengthening their overall service delivery and operational efficiency.
About First Horizon Corporation
First Horizon Corporation (NYSE: FHN) is a well-respected regional financial services provider holding assets exceeding $82.1 billion as of mid-2025. Its headquarters are located in Memphis, TN, and its banking subsidiary operates in 12 states across the southern U.S. The firm is dedicated to aiding clients, communities, and employees to realize their fullest potential through professional capital and astute counsel. Offers from First Horizon include commercial banking, private banking, consumer services, trust management, retail brokerage, and mortgage banking.
Acknowledging Industry Recognition
First Horizon has consistently been recognized as a leading employer by top publications, including Fortune and Forbes, and is listed among the Top 10 Most Reputable Banks in the U.S. This accolade speaks volumes about the firm's commitment to quality service and extensive financial solutions.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) stands out as one of the fastest-growing wealth management firms in the United States. Supporting more than 29,000 financial advisors and 1,100 institutions, LPL services and manages approximately $1.9 trillion in brokerage and advisory assets. The firm offers an array of affiliation models, investment solutions, fintech tools, and practice management services, granting flexibility for advisors to determine the optimal business model and resources needed for success.
Fostering Financial Advisor Success
By catering to the diverse needs of advisors and institutions, LPL has established itself as a cornerstone of innovation in the financial services industry. Their adept support structures are designed to nurture advisor-client relationships and facilitate professional growth.
Conclusion
The integration of First Horizon Advisors into LPL's institution services platform represents a pivotal advancement in the offerings by both organizations. As these companies work hand in hand, their partnership is set to enhance the financial landscape, providing clients with improved service and a promising future ahead.
Frequently Asked Questions
What is the significance of the partnership between LPL Financial and First Horizon?
This partnership enhances First Horizon Advisors' capabilities, offering improved advisory services and personalized client experiences through LPL’s integrated platform.
How much in assets was transitioned to LPL Financial?
Approximately $12 billion in brokerage and advisory assets were successfully onboarded to LPL Financial as part of this partnership.
What services does First Horizon Corporation provide?
First Horizon Corporation offers a variety of services, including commercial banking, private banking, consumer services, trust management, and mortgage banking.
How does LPL Financial support financial advisors?
LPL Financial provides a wide range of resources, including investment solutions, fintech tools, and practice management services, enabling advisors to thrive in their practice.
What is the importance of this integration for clients?
The integration aims to deliver more personalized advice and improved service, enhancing client relationships and outcomes through advanced technology and support.
