LPL Financial Holdings Inc. announced an agreement with First Horizon Bank to expand their wealth management capabilities and solutions. This strategic relationship involves transitioning the support of the broker-dealer and investment advisory services of First Horizon Advisors, Inc., to LPL and its Institution Services platform.
First Horizon Advisors, Inc., is a subsidiary of First Horizon Bank and currently serves clients with investment advisory services. This transition is designed to enhance the offerings available to First Horizon's wealth management clients.
The collaboration aims to leverage LPL's platform to improve the client experience and operational efficiency for First Horizon's wealth management services. This move represents a strategic shift in how First Horizon delivers its investment advisory and brokerage services.
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