Kelly Lawrence and Vin Sbano join LPL Financial, launching Gibson Financial Group with $180 million in managed assets.
Quiver AI Summary
LPL Financial LLC announced that financial advisors Kelly Lawrence and Vin Sbano have joined Linsco by LPL Financial to establish Gibson Financial Group, which will manage approximately $180 million in advisory, brokerage, and retirement plan assets, previously with B. Riley Wealth Management. Based in Boston, the group focuses on bespoke financial guidance for a diverse clientele, emphasizing personalized care regardless of asset size. The team values an independent, relationship-driven approach and chose LPL for its strong reputation, resources, and supportive infrastructure, which will aid in their growth, including plans for future partnerships. LPL's resources and technology will enable the Gibson Financial Group to maintain a client-first focus while enjoying the independence of an entrepreneurial practice.
Potential Positives
- LPL Financial is expanding its advisor network by welcoming Gibson Financial Group, which adds approximately $180 million in assets under management.
- The partnership enhances LPL's client-first reputation as Gibson Financial Group emphasizes personalized, relationship-driven financial planning tailored to a diverse client base.
- The move to LPL provides Gibson Financial Group with access to advanced technology, resources, and a supportive infrastructure, which can facilitate their growth and service offerings.
- Gibson Financial Group's decision to join LPL indicates confidence in the firm's stability and reputation, enhancing LPL's position in the competitive wealth management sector.
Potential Negatives
- The announcement highlights the departure of financial advisors from B. Riley Wealth Management, which may suggest dissatisfaction or instability at their previous firm, potentially reflecting poorly on LPL Financial as the new employer.
- Focus on the 'personal and professional transition' experienced by Lawrence may raise concerns about the team's stability and ability to maintain consistent client service during such changes.
- The phrase "operating within a platform that has the infrastructure to support long-term growth" implies that LPL's previous offerings may not have adequately supported growth, which could raise questions about the firm's past capabilities and infrastructure.
FAQ
Who are the key members of Gibson Financial Group?
The key members of Gibson Financial Group are financial advisors Kelly Lawrence and Vin Sbano, along with David MacDonald, Senior Client Service Associate.
What assets does Gibson Financial Group manage?
Gibson Financial Group manages approximately $180 million in advisory, brokerage, and retirement plan assets.
Why did Gibson Financial Group choose LPL Financial?
They chose LPL for its independence, stability, technology, and resources to support long-term growth and tailored client services.
What is the philosophy of Gibson Financial Group?
Their philosophy focuses on personalized, relationship-driven financial guidance, treating every client's goals with equal importance.
What advantages does LPL Financial provide to its advisors?
LPL offers flexible business models, advanced technology, and support resources that help advisors deliver exceptional client experiences.
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 37 times in the past 6 months. Of those trades, 0 have been purchases and 37 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.
- GREG GATES (Group Managing Director) has made 0 purchases and 19 sales selling 3,000 shares for an estimated $1,078,692.
- MARC ELIOT COHEN (Group Managing Director) has made 0 purchases and 2 sales selling 3,300 shares for an estimated $1,019,995.
- MATTHEW ENYEDI (Group Managing Director) has made 0 purchases and 5 sales selling 2,109 shares for an estimated $675,191.
- MATTHEW J AUDETTE (President and CFO) has made 0 purchases and 4 sales selling 1,581 shares for an estimated $506,715.
- 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.
$LPLA Revenue
$LPLA had revenues of $4.9B in Q4 2025. This is an increase of 40.43% 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 1 times in the past 6 months. Of those trades, 1 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. purchased up to $15,000 on 12/10.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$LPLA Hedge Fund Activity
We have seen 372 institutional investors add shares of $LPLA stock to their portfolio, and 449 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
- WINSLOW CAPITAL MANAGEMENT, LLC removed 1,183,069 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $393,595,225
- 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
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 5 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
- JMP Securities issued a "Market Outperform" rating on 10/09/2025
- Morgan Stanley issued a "Overweight" rating on 10/01/2025
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 $437.0.
Here are some recent targets:
- Bill Katz from TD Cowen set a target price of $378.0 on 01/30/2026
- Benjamin Budish from Barclays set a target price of $435.0 on 01/30/2026
- Michael Cho from JP Morgan set a target price of $439.0 on 01/30/2026
- Gerald O'Hara from Jefferies set a target price of $440.0 on 01/30/2026
- Michael Cyprys from Morgan Stanley set a target price of $447.0 on 12/22/2025
- Michael Brown from UBS set a target price of $406.0 on 12/11/2025
- Christopher Allen from Citigroup set a target price of $380.0 on 10/31/2025
Full Release
SAN DIEGO, March 24, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Kelly Lawrence and Vin Sbano have joined Linsco by LPL Financial to launch Gibson Financial Group of LPL Financial . The team reported serving approximately $180 million in advisory, brokerage and retirement plan assets* and joins LPL from B. Riley Wealth Management.
Based in Boston, Gibson Financial Group serves a diverse client base across professions and life stages. The team is supported by David MacDonald, MBA, Senior LPL Registered Client Service Associate, who plays a significant role in the group’s day-to-day operations and client experience. Lawrence and Sbano are recognized for their deeply personalized, relationship-driven approach and their philosophy that every client deserves care, respect and tailored guidance.
“Our clients span every background imaginable, but the common thread is that they are all genuinely good people,” said Lawrence. “Whether someone has $30,000 or $10 million, their goals matter equally. We customize every plan to each individual — some want a full financial plan, others prefer simplicity and many fall somewhere in the middle. Our job is to meet them where they are and support them through every life transition.”
Why Gibson Financial Group Chose LPL
Seeking greater independence, the team turned to LPL for its scale, technology and resources.
“I needed a firm with stability, strong reputation and robust resources,” Lawrence said. “After navigating a period of major personal and professional transition, it became even more important to operate within a platform that has the infrastructure to support long-term growth. LPL’s training program will allow me to bring on a junior partner in the future, and the self-clearing structure was essential.”
She added, “LPL gives us the independence of an entrepreneurial practice along with the technology, tools and support you’d expect from a much larger institution — without the proprietary product pressures.”
Scott Posner, LPL managing director of business development, said, “We’re pleased to welcome the Gibson Financial Group team to the Linsco community. Their client-first approach aligns well with LPL’s mission to provide advisors with the flexibility, technology and support needed to deliver an exceptional experience. We look forward to supporting their continued growth.”
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 over 32,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 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 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, 2025.
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