LPL Financial Holdings (LPLA) and Wintrust Financial Corporation (WTFC) announced an agreement to transition support of the wealth management business of Wintrust Investments and certain private client business at Great Lakes Advisors, and their approximately 85 advisors and approximately $16 billion of brokerage and advisory assets to the LPL Institution Services platform. “At Wintrust, our focus on outstanding client service has served our customers well and has resulted in a formidable wealth management operation,” said Tom Zidar, Chairman and Chief Executive Officer at Wintrust Wealth Management. “We believe LPL is the right partner to help us take our business to the next level. LPL’s integrated advisor platform and ongoing investment in technology will enable our advisors and portfolio managers to do even more for our clients. We are excited about the strategic relationship with LPL and the growth opportunities ahead of us.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WTFC:
- OneDigital and Wintrust Investments, LLC Form Strategic Relationship for Retirement Plan Servicing Business
- Wintrust Financial Corporation Announces Cash Dividends, Increasing Quarterly Common Stock Dividend Rate By 12.5%
- Wintrust Financial price target raised to $111 from $105 at Truist
- Wintrust Financial price target raised to $110 from $107 at DA Davidson
- Wintrust Financial price target raised to $109 from $104 at RBC Capital
