Charlie Narmi and Theresa Rynaski join LPL Financial’s Linsco, launching The Narmi Group with $870 million in assets.
Quiver AI Summary
LPL Financial LLC announced that financial advisors Charlie Narmi and Theresa Rynaski, CFP®, have joined its employee advisor channel, Linsco by LPL Financial, to establish The Narmi Group Investment Management. The duo, who previously worked at Robert W. Baird & Co., manages approximately $870 million in advisory, brokerage, and retirement plan assets. Based in Omaha, Nebraska, Narmi and Rynaski have significant experience and a strong client-focused approach, helping clients with various life decisions beyond financial matters. Their move to Linsco was driven by the desire for greater autonomy and access to better technology, allowing them to maintain strong client relationships while benefiting from LPL's resources and support. LPL expressed its commitment to offering advisors like Narmi and Rynaski the flexibility and strategic resources needed to enhance client experiences.
Potential Positives
- The addition of financial advisors Charlie Narmi and Theresa Rynaski, managing approximately $870 million in assets, strengthens LPL Financial's advisor network and enhances their service offerings.
- The establishment of The Narmi Group Investment Management under LPL's Linsco model reflects the company's appeal as a platform that supports advisor autonomy and flexibility, likely attracting more advisors seeking similar conditions.
- Scott Posner's public welcoming of Narmi and Rynaski emphasizes LPL's commitment to fostering growth and innovation within its advisor community.
Potential Negatives
- The press release does not disclose any new clients or investments gained through the transition, which may imply potential stagnation or limited immediate growth prospects for LPL following this acquisition.
- The emphasis on autonomy and flexibility by the new advisors may suggest a lack of satisfaction with their previous firm, potentially reflecting instability within LPL’s advisor retention strategies.
- There is no information provided about the performance history or future projections of The Narmi Group Investment Management, which could raise concerns about the viability of the new venture within LPL's framework.
FAQ
Who are Charlie Narmi and Theresa Rynaski?
Charlie Narmi and Theresa Rynaski are financial advisors who have launched The Narmi Group Investment Management under LPL's Linsco model.
What is The Narmi Group Investment Management?
The Narmi Group Investment Management is a financial advisory firm focused on supporting clients with investments, retirement, and financial planning.
Why did they join LPL Financial?
They joined LPL Financial for greater autonomy, flexibility, and access to enhanced technology to better serve their clients.
What services do they offer their clients?
They offer a range of services including investment management, retirement planning, and personalized financial advice.
What is Linsco by LPL Financial?
Linsco by LPL Financial is an employee advisor channel that provides financial advisors with independence and access to LPL's resources and technology.
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 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:
- SENATOR MARKWAYNE MULLIN has traded it 2 times. They made 2 purchases worth up to $150,000 on 05/13, 02/13 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$LPLA Insider Trading Activity
$LPLA insiders have traded $LPLA stock on the open market 30 times in the past 6 months. Of those trades, 0 have been purchases and 30 have been sales.
Here’s a breakdown of recent trading of $LPLA stock by insiders over the last 6 months:
- MATTHEW J AUDETTE (President and CFO) has made 0 purchases and 9 sales selling 33,365 shares for an estimated $12,159,676.
- MATTHEW ENYEDI (Managing Director) sold 5,154 shares for an estimated $1,903,526
- RICHARD STEINMEIER (Chief Executive Officer) sold 3,500 shares for an estimated $1,308,265
- GREG GATES (Group Managing Director) has made 0 purchases and 16 sales selling 3,000 shares for an estimated $1,142,251.
- MARC ELIOT COHEN (Managing Director) sold 1,100 shares for an estimated $402,435
- ANERI JAMBUSARIA (Group Managing Director) has made 0 purchases and 2 sales selling 160 shares for an estimated $55,668.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LPLA Hedge Fund Activity
We have seen 421 institutional investors add shares of $LPLA stock to their portfolio, and 275 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WINSLOW CAPITAL MANAGEMENT, LLC added 1,457,701 shares (+inf%) to their portfolio in Q1 2025, for an estimated $476,872,305
- DODGE & COX added 1,053,351 shares (+224.1%) to their portfolio in Q1 2025, for an estimated $344,593,246
- PRINCIPAL FINANCIAL GROUP INC added 971,814 shares (+1453.3%) to their portfolio in Q1 2025, for an estimated $317,919,231
- JENNISON ASSOCIATES LLC added 851,115 shares (+786.2%) to their portfolio in Q1 2025, for an estimated $278,433,761
- MILLENNIUM MANAGEMENT LLC removed 773,101 shares (-86.0%) from their portfolio in Q1 2025, for an estimated $252,912,261
- CLARKSTON CAPITAL PARTNERS, LLC added 674,227 shares (+inf%) to their portfolio in Q1 2025, for an estimated $220,566,620
- ALLIANCEBERNSTEIN L.P. added 642,503 shares (+550.5%) to their portfolio in Q1 2025, for an estimated $210,188,431
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LPLA Analyst Ratings
Wall Street analysts have issued reports on $LPLA in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Redburn Atlantic issued a "Buy" rating on 06/09/2025
- Barclays issued a "Overweight" rating on 06/09/2025
- Morgan Stanley issued a "Overweight" rating on 05/21/2025
- JMP Securities issued a "Market Outperform" rating on 05/09/2025
- Wells Fargo issued a "Overweight" rating on 04/08/2025
- UBS issued a "Buy" rating on 01/31/2025
- JP Morgan issued a "Overweight" rating on 01/31/2025
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 10 analysts offer price targets for $LPLA in the last 6 months, with a median target of $412.5.
Here are some recent targets:
- Bill Katz from TD Cowen set a target price of $403.0 on 07/09/2025
- Benjamin Budish from Barclays set a target price of $450.0 on 06/09/2025
- Christopher Allen from Citigroup set a target price of $400.0 on 06/09/2025
- Charles Bendit from Redburn Atlantic set a target price of $460.0 on 06/09/2025
- Michael Cyprys from Morgan Stanley set a target price of $450.0 on 05/21/2025
- Devin Ryan from JMP Securities set a target price of $440.0 on 05/09/2025
- Michael Brown from Wells Fargo set a target price of $342.0 on 04/08/2025
Full Release
SAN DIEGO, July 10, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Charlie Narmi and Theresa Rynaski, CFP®, have joined LPL’s employee advisor channel, Linsco by LPL Financial , to launch The Narmi Group Investment Management . They reported serving approximately $870 million in advisory, brokerage and retirement plan assets* and join LPL from Robert W. Baird & Co.
Based in Omaha, Neb., Narmi, a second-generation financial advisor, and Rynaski have worked together for two decades and have built a reputation as a team that goes above and beyond for their clients — which includes a mix of young professionals, non-profit organizations and those nearing or in retirement.
“We pride ourselves on being a one-stop-shop for our clients,” Rynaski said. “It’s not unusual for us to go the Social Security office with them or help them research nursing homes. We are honored that our clients trust us with so many important life decisions, as well as with their financial futures, and it’s a privilege to walk alongside them every step of the way.”
Why The Narmi Group Investment Management made the move to Linsco by LPL
The transition to LPL Financial for the next chapter of their business was motivated by the team’s aspiration for autonomy, flexibility and
enhanced technology
. They were drawn to the Linsco model, which serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practice, their way. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.
“Partnering with LPL will allow us to have the backing of a large firm, but with the independence to serve our clients our way,” Rynaski said. “LPL provides the ideal platform, size and scale, and their commitment to invest heavily in integrated and streamlined technology will allow us to best support our clients, grow our business and build more long-lasting relationships.”
Scott Posner, LPL Managing Director, Business Development, said, “We welcome Charlie and Theresa to the Linsco community, and congratulate them on the launch of The Narmi Group Investment Management. At LPL, we are committed to offering differentiated experiences for advisors and their clients. We do that by offering unparalleled flexibility, strategic resources and innovative technology designed to help advisors deliver an elevated client experience while operating thriving practices. We look forward to supporting The Narmi Group Investment Management for years to come.”
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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 over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 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 www.lpl.com .
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
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, 2024.
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