LPL & First Horizon: New Partnership Details
- LPL Financial is partnering with First Horizon Bank in a strategic alliance aimed at strengthening wealth management services.
- The transition, pending regulatory approval, is anticipated to conclude in the second half of 2025.
- “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,”...
LPL Financial and First Horizon Bank have announced a strategic alliance, with First Horizon Advisors transitioning to LPL’s institution Services platform. This important partnership will see LPL overseeing approximately $16 billion in client assets, a move set to bolster wealth management services. The transition, expected to wrap up in the latter half of 2025, aims to broaden First Horizon’s offerings, enabling them to prioritize growth and elevate client experiences. The integration will allow advisors to leverage LPL’s robust infrastructure while still maintaining their client relationships. News Directory 3 could be a good resource to follow such developments. Discover what’s next in this exciting partnership for financial advisors and their clients!
LPL Financial Forges Strategic Alliance with First Horizon Bank
Updated May 31, 2025
LPL Financial is partnering with First Horizon Bank in a strategic alliance aimed at strengthening wealth management services. First horizon Advisors, comprised of about 110 financial advisors managing roughly $16 billion in client assets across 12 states, will move its broker-dealer and investment advisory operations to LPL’s Institution Services platform.
The transition, pending regulatory approval, is anticipated to conclude in the second half of 2025. This move is designed to broaden First Horizon’s service offerings, allowing them to focus on growth and improving client experiences. Financial advisors will maintain their client relationships while leveraging LPL’s platform for investment strategies.
“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,” said Martin de Laureal, president at First Horizon Advisors, Inc.
First Horizon Corp., based in Memphis, Tenn., reported $82.2 billion in assets under management as of Dec. 31, 2024. LPL supports more than 29,000 financial advisors and the wealth management activities of about 1,200 financial institutions. They service and custody approximately $1.7 trillion in brokerage and advisory assets for six million Americans, solidifying its position in wealth management.
What’s next
Following the transition, clients of First Horizon Advisors can expect a continued focus on personalized service, now enhanced by LPL Financial’s robust technology and support infrastructure, promising a seamless experience in their wealth management journey.