LPL Financial announced an agreement with First Horizon Bank, First Horizon’s banking subsidiary, to expand its wealth management capabilities and solutions by transitioning support of First Horizon Advisors’ broker-dealer and investment advisory services to LPL and its Institution Services platform.
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. And 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.
This transition is expected to be completed in the second half of 2025, subject to receipt of regulatory approval and other conditions.
KEY QUOTES:
“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. This relationship will further empower our advisors to provide exceptional advice and distinguish themselves in the marketplace.”
- Martin de Laureal, president at First Horizon Advisors
“Through their community-minded commitment to excellence, First Horizon Advisors delivers well-respected and comprehensive financial advice to their clients. 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.”
- Christopher Cassidy, SVP, head of Institution Business Development at LPL Financial
