Capital Investment Services joins LPL Financial, bringing $775 million in assets and emphasizing a client-first approach.
Quiver AI Summary
LPL Financial LLC announced that financial advisors Bobby Lumpkin, Cindy Little, and Allina Bell of Capital Investment Services have joined its platform, bringing approximately $775 million in advisory, brokerage, and retirement plan assets with them from Raymond James. Based in LaGrange, Georgia, Capital Investment Services focuses on building strong client relationships and prioritizes a client-first philosophy, highlighted by Lumpkin, who has achieved recognition on the Forbes Best-in-State Wealth Advisors list for three consecutive years. The team chose LPL for its flexibility, independence, and supportive culture, believing it aligns with their mission to help clients through significant life moments. LPL’s Chief Growth Officer Marc Cohen expressed excitement about welcoming the team and emphasized LPL’s commitment to empowering advisors.
Potential Positives
- Capital Investment Services brings approximately $775 million in advisory, brokerage, and retirement plan assets, enhancing LPL Financial's asset management capabilities.
- Bobby Lumpkin's recognition on the Forbes list of Best-in-State Wealth Advisors for three consecutive years adds credibility and prestige to LPL Financial.
- The selection of LPL by Capital Investment Services following a rigorous due-diligence process highlights LPL's strong competitive positioning in terms of technology, flexibility, and cultural alignment.
- Chief Growth Officer Marc Cohen's endorsement of Capital Investment Services' client-first approach underscores LPL Financial's commitment to supporting advisor growth and personalized client relationships.
Potential Negatives
- Capital Investment Services' move from Raymond James to LPL Financial may indicate dissatisfaction with their previous partnership or challenges faced within their prior firm, which could raise concerns about LPL's ability to maintain advisor satisfaction.
- The press release emphasizes the team’s rigorous due-diligence process in selecting LPL, which may suggest that LPL had to work hard to prove its value compared to competitors, potentially reflecting competitiveness in the industry.
- Despite the focus on client relationships and advisor support, the press release does not provide specific details on client retention or growth plans for LPL Financial, leaving questions about the effectiveness of their onboarding strategy for new advisors.
FAQ
Who are the financial advisors joining LPL Financial?
Bobby Lumpkin, Cindy Little, and Allina Bell from Capital Investment Services have joined LPL Financial.
What services does Capital Investment Services provide?
Capital Investment Services offers advisory, brokerage, and retirement plan services to a diverse client base.
Why did Capital Investment Services choose LPL Financial?
They selected LPL for its flexibility, independence, advanced technology, and cultural alignment with their values.
What is the background of Bobby Lumpkin?
Bobby Lumpkin has 24 years of industry experience and has been recognized on the Forbes Best-in-State Wealth Advisors list.
What is LPL Financial's market position?
LPL Financial is a leading wealth management firm, supporting over 32,000 financial advisors with significant assets under management.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LPLA Insider Trading Activity
$LPLA insiders have traded $LPLA stock on the open market 38 times in the past 6 months. Of those trades, 0 have been purchases and 38 have been sales.
Here’s a breakdown of recent trading of $LPLA stock by insiders over the last 6 months:
- RICHARD STEINMEIER (Chief Executive Officer) has made 0 purchases and 6 sales selling 5,058 shares for an estimated $1,876,482.
- MATTHEW J AUDETTE (President and CFO) has made 0 purchases and 10 sales selling 3,160 shares for an estimated $1,025,616.
- MARC ELIOT COHEN (Group Managing Director) has made 0 purchases and 2 sales selling 3,300 shares for an estimated $1,019,995.
- GREG GATES (Group Managing Director) has made 0 purchases and 14 sales selling 2,250 shares for an estimated $842,878.
- MATTHEW ENYEDI (Group Managing Director) has made 0 purchases and 5 sales selling 2,109 shares for an estimated $675,191.
- ANERI JAMBUSARIA (Group Managing Director) sold 80 shares for an estimated $28,198
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
$LPLA Revenue
$LPLA had revenues of $4.9B in Q1 2026. This is an increase of 34.56% from the same period in the prior year.
You can track LPLA financials on Quiver Quantitative's LPLA stock page.
$LPLA Congressional Stock Trading
Members of Congress have traded $LPLA stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $LPLA stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/27, 12/10 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.
$LPLA Hedge Fund Activity
We have seen 335 institutional investors add shares of $LPLA stock to their portfolio, and 416 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,776,040 shares (-75.3%) from their portfolio in Q4 2025, for an estimated $634,348,206
- BARROW HANLEY MEWHINNEY & STRAUSS LLC added 1,261,285 shares (+inf%) to their portfolio in Q4 2025, for an estimated $450,493,163
- M&T BANK CORP added 1,136,952 shares (+27955.5%) to their portfolio in Q4 2025, for an estimated $406,085,145
- CAPITAL WORLD INVESTORS added 996,806 shares (+37.9%) to their portfolio in Q4 2025, for an estimated $356,029,199
- JENNISON ASSOCIATES LLC removed 993,283 shares (-89.9%) from their portfolio in Q4 2025, for an estimated $354,770,889
- MILLENNIUM MANAGEMENT LLC removed 748,458 shares (-71.1%) from their portfolio in Q4 2025, for an estimated $267,326,743
- PRINCIPAL FINANCIAL GROUP INC added 702,061 shares (+36.3%) to their portfolio in Q1 2026, for an estimated $211,201,010
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
$LPLA Analyst Ratings
Wall Street analysts have issued reports on $LPLA in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 01/30/2026
- JP Morgan issued a "Overweight" rating on 01/30/2026
- Jefferies issued a "Buy" rating on 01/30/2026
To track analyst ratings and price targets for $LPLA, check out Quiver Quantitative's $LPLA forecast page.
$LPLA Price Targets
Multiple analysts have issued price targets for $LPLA recently. We have seen 9 analysts offer price targets for $LPLA in the last 6 months, with a median target of $390.0.
Here are some recent targets:
- Benjamin Budish from Barclays set a target price of $412.0 on 05/01/2026
- Bill Katz from TD Cowen set a target price of $326.0 on 05/01/2026
- Michael Brown from UBS set a target price of $395.0 on 05/01/2026
- Michael Cho from JP Morgan set a target price of $390.0 on 05/01/2026
- Michael Cyprys from Morgan Stanley set a target price of $374.0 on 04/10/2026
- Chris Allen from Keefe, Bruyette & Woods set a target price of $350.0 on 04/08/2026
- Devin Ryan from Citizens set a target price of $500.0 on 04/06/2026
Full Release
SAN DIEGO, May 05, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Bobby Lumpkin, Cindy Little and Allina Bell of Capital Investment Services have joined LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. The firm reports approximately $775 million in advisory, brokerage and retirement plan assets* and joins LPL from Raymond James.
Capital Investment Services serves a broad client base that includes entrepreneurs, business owners, multigenerational households and individuals at every stage of the retirement journey. They are based in LaGrange, Ga., approximately 60 miles southwest of Atlanta. The team’s client philosophy is rooted in deep personal connection, faith and a steadfast commitment to changing lives — not just managing money.
With 24 years of industry experience, Lumpkin has been named to the Forbes list of Best-in-State Wealth Advisors for 2024, 2025 and 2026, an achievement recognized as part of his longstanding dedication to client-first service.**
While reflecting on the importance of his team, Lumpkin said, “These achievements are truly a team effort. To effectively meet the needs of our clients daily, it takes a team of professionals that are completely committed to our mission of building long term client relationships.”
Capital Investment Services is grounded in a strong culture shaped by its core values, which inform every client interaction, planning conversation and investment decision the firm makes. The primary goal is to help clients achieve their financial goals and supporting them through life’s defining moments.
“Our relationships are built on a relational connection and a commitment to doing what is in our clients’ best interests,” Lumpkin said. “We believe in being available, present and fully engaged. Our team comes to work every day with purpose, passion and the shared mission of changing people’s lives.”
Why Capital Investment Services Chose LPL
The Capital Investment Services team selected LPL after a rigorous due-diligence process for its flexibility, independence, advanced technology and cultural alignment.
“LPL provided the best overall fit for our business,” Lumpkin said. “Their technologically sound platform supports the trading and planning capabilities we need, while their culture — rooted in genuine relationships and advisor-focused support — truly stood out. LPL gave us the flexibility to build a structure that benefits our clients and our team, and the people at LPL made all the difference in helping us craft a path forward.”
The Capital Investment Services team also includes: Kirstin Caraway, Relationship Manager; Alicia Hensley, Client Services Associate; Camren Russell, Client Services Associate; Sam Yates, Client Services Associate; and Sandra Gay, Relationship Manager.
Chief Growth Officer Marc Cohen, said, “We are happy to welcome Bobby and the entire Capital Investment Services team to LPL. Their deeply relational, client-first approach aligns closely with LPL’s purpose to empower advisors with the technology, flexibility and support they need to deliver personalized advice to clients. We look forward to supporting their continued growth as they make a positive impact on the families and business owners they serve.”
Related
Advisors, learn how LPL Financial can help take your business to the next level .
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit http://www.lpl.com/ .
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Capital Investment Services and LPL Financial are separate entities.
Throughout this communication, the terms "financial advisors" and "advisors" are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the " Investor Relations " or " Press Releases " section of our website.
*Value approximated based on asset and holding details provided to LPL from end of year, 2025.
** Forbes Best-in-State Wealth Advisors ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and team, and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. Neither Forbes nor SHOOK Research receive compensation in exchange for placement on the rankings, but awardees have the option to purchase rights to use the award logo or additional marketing packages to promote their award. For more information, please see www.SHOOKresearch.com . SHOOK is a registered trademark of SHOOK Research, LLC.
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