Press release 📈 Stocks 🌍 United States

LPL Financial Adds $160 Million in Client Assets via New Advisor Hire

LPL Financial strengthens its RIA and broker-dealer platform by onboarding Matt Griggs, a financial advisor managing $160 million in client assets previously held at Edward Jones.

🕐 1 min read

2 assets impacted. Net bias: 0 Bullish, 0 Bearish, 2 Neutral. Strongest signal: LPLA → 3/10 (70% confidence).

📊 Affected Assets (2)

LPLA
Neutral 🤖 70%
📅 Short-term 🌍 US · Explicit

LPL Financial announced that financial advisor Matt Griggs joined from Edward Jones, adding approximately $160 million in client assets.

EDWARD_JONES
Neutral 🤖 68%
📅 Short-term 🌍 US · Explicit

Edward Jones is mentioned only as the prior firm of the advisor joining LPL, with no direct financial impact.

🎯 Key Takeaways

  • Matt Griggs joins LPL Financial from Edward Jones, bringing $160 million in assets.
  • The move bolsters LPL's broker-dealer and Registered Investment Advisor (RIA) platforms.
  • Griggs operates under the brand name Griggs Investment Group.

📝 Executive Summary

LPL Financial has expanded its platform with the addition of advisor Matt Griggs, who joins from Edward Jones. Griggs, operating under Griggs Investment Group, brings approximately $160 million in advisory, brokerage, and retirement plan assets to the firm.

❓ FAQ

Who is the new advisor joining LPL Financial?

Matt Griggs, of Griggs Investment Group, has joined LPL Financial's platform.

How much in assets did the new hire bring to LPL?

Matt Griggs reported serving approximately $160 million in advisory, brokerage, and retirement plan assets.