LPL Financial Holdings announced an agreement with First Horizon Bank, the banking subsidiary of First Horizon Corporation , 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.
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First Horizon Advisors, is a subsidiary of First Horizon Bank and consists of approximately 110 financial advisors who collectively serve approximately $16 billion of client assets across the company’s 12-state footprint. The financial advisors with First Horizon Advisors, Inc., will continue to work one-on-one with their clients to implement investment strategies that help them pursue their financial goals.
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“LPL’s industry-leading capabilities and operational support will allow us to expand our offering and concentrate our talent, resources and capital on driving continued growth and outstanding client experiences,” said Martin de Laureal, president at First Horizon Advisors, “This relationship will further empower our advisors to provide exceptional advice and distinguish themselves in the marketplace.”
“Through their community-minded commitment to excellence, First Horizon Advisors delivers well-respected and comprehensive financial advice to their clients,” said Christopher Cassidy, SVP, head of Institution Business Development at LPL Financial. “LPL will further enhance the competitive advantage of First Horizon Advisors by delivering seamless experiences and customized support while powering the future of advice through one unified vision.”
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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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Source – PR Newswire
