On October 14, 2025, LPL Financial LLC announced that financial advisors Stephen Carleton and Tom Niles have joined the firm’s employee advisor channel, Linsco by LPL Financial, to launch Paddock and Pine Wealth Partners. The new practice brings approximately $330 million in advisory, brokerage, and retirement plan assets to LPL. This addition expands LPL’s advisor network and enhances its asset base.
Carleton and Niles, who previously worked together at Janney, bring nearly 55 years of combined experience and focus on high‑net‑worth individuals, families, and pre‑retirees. Their decision to join LPL was driven by the firm’s autonomy and the robust technology and support offered through the Linsco model. LPL’s Linsco channel provides advisors with access to the company’s integrated wealth‑management platform and dedicated field‑management resources.
The partnership underscores LPL’s ongoing strategy to attract and retain independent advisors by offering flexible affiliation models and advanced technology. Adding $330 million in assets strengthens LPL’s position as the largest independent broker‑dealer and supports its growth trajectory. The move is expected to contribute to LPL’s revenue and fee generation in the coming quarters.
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