LPL Financial Holdings Inc. announced the completion of the transition of First Horizon Advisors, Inc.'s broker-dealer and investment advisory services program to LPL and its Institution Services platform. This marks the successful onboarding of approximately 125 advisors serving around $18 billion in assets.
This completion follows the strategic relationship agreement announced earlier in the year, aimed at expanding First Horizon Bank's wealth management capabilities and solutions. The transition is expected to enhance the support and offerings for First Horizon's wealth management clients.
The successful integration signifies a key operational milestone for First Horizon, streamlining its wealth management services through LPL's platform. This move is part of First Horizon's broader strategy to optimize its business model and client experience.
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