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.”
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