LPL Financial Holdings Inc. announced an agreement with First Horizon Bank to expand their wealth management capabilities and solutions. This involves transitioning the support of broker-dealer and investment advisory services of First Horizon Advisors, Inc., to LPL and its Institution Services platform.
First Horizon Advisors, Inc., a subsidiary of First Horizon Bank, currently includes approximately 125 advisors. This strategic move aims to enhance the offerings available to First Horizon's wealth management clients.
The partnership is expected to streamline operations and potentially improve the client experience by leveraging LPL Financial's platform. This represents a significant strategic shift in how First Horizon delivers its investment advisory services.
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