LPL Adds Two Advisory Teams With Combined $1.6 Billion in Assets

LPL Financial added two advisory teams in the same week, bringing a combined $1.6 billion in assets to its platform.

Previously with Ameriprise, Cebert Wealth Advisors, based in The Villages, Fla., joined LPL’s broker-dealer and registered investment adviser platform. The team reported $1 billion in advisory, brokerage, and retirement plan assets. The firm, led by founder and president Dale Cebert, focuses on retirement planning and wealth transfer for residents of The Villages retirement community in Central Florida. The seven-adviser team supports more than 1,700 clients, the majority of them retired or nearing retirement.

Davis Executive Wealth, based in Norwell, Mass., joined LPL through its strategic wealth services model, reporting $635 million in advisory assets. Led by senior managing partner Timothy Davis, the five-person team serves executives, entrepreneurs, business owners, and high-net-worth families, with concentrations along the East Coast and in Houston, Denver, and Chicago. The firm joins LPL from Steward Partners.

LPL’s strategic wealth model pairs its broker-dealer and RIA platform with dedicated operational support — including a business strategist, marketing partner, chief financial officer, and administrative assistant — for practices serving high-net-worth clients.

“We’re pleased to welcome Cebert Wealth Advisors to LPL,” said Marc Cohen, chief growth officer at LPL Financial. “Dale and his team have built a deeply valued practice rooted in long-term relationships, local expertise, and a strong understanding of retirees’ needs.”

Cohen also said of the Davis addition, “Tim and his team have built a highly disciplined, client‑first practice serving complex investors with sophisticated needs. LPL strategic wealth was designed specifically for firms like Davis Executive — providing the depth of support, resources and flexibility advisers need to deliver meaningful value and grow with confidence.”

Earlier this month, Georgia-based Capital Investment Services joined LPL’s broker-dealer and RIA platform. The team oversees approximately $775 million in client assets and was formerly affiliated with Raymond James.

LPL Financial (Nasdaq: LPLA) custodies approximately $2.3 trillion in brokerage and advisory assets and serves more than 32,000 financial advisers. Earlier this month, the firm reported first-quarter net income of $356 million, or $4.43 per diluted share, a 4% increase from $319 million, or $4.24 per share, in the first quarter of 2025. Adjusted earnings per share rose 8.7% year-over-year to $5.60 — a record for the firm.

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