Melissa Mirabile joins LPL Financial to launch Forest Lake Wealth Partners, serving diverse clients with tailored financial solutions.
Quiver AI Summary
LPL Financial LLC has announced that financial advisor Melissa Mirabile has joined its employee advisor channel, Linsco by LPL Financial, to establish Forest Lake Wealth Partners in Albany, N.Y. With around $280 million in advisory assets and over 30 years of experience, Mirabile aims to provide personalized financial services to a diverse clientele, including families, business owners, and trade unions. The firm focuses on tailored financial planning, estate planning, and tax management while limiting the number of clients served to foster close relationships. The team, seeking more autonomy and custom solutions for clients, chose LPL for its support and resources to enhance their service delivery. LPL’s managing director Scott Posner expressed enthusiasm about welcoming Mirabile and her team to the Linsco community, highlighting LPL’s commitment to providing advisors with the tools and resources needed for successful practices.
Potential Positives
- LPL Financial expands its advisor network with the addition of Melissa Mirabile and her team, enhancing its services and market reach.
- Forest Lake Wealth Partners, serving approximately $280 million in assets, reinforces LPL's commitment to addressing diverse financial needs across various client segments.
- The partnership allows for greater autonomy and customization for clients, improving client satisfaction and service quality.
- LPL's support and resources are positioned to help Forest Lake Wealth Partners thrive, indicating strong future growth potential for both the team and the firm.
Potential Negatives
- The press release highlights a financial advisor transitioning from UBS to LPL Financial, which may raise questions about LPL's ability to retain top talent and the reasons behind the advisor's move.
- The emphasis on avoiding "cookie-cutter models" suggests there may have been dissatisfaction with existing financial products or services at LPL prior to this transition, which could indicate perceived shortcomings in their offerings.
- By stating that they intentionally limit the number of clients served, it may imply a perceived lack of scalability for LPL's business model, potentially limiting growth opportunities.
FAQ
Who is Melissa Mirabile?
Melissa Mirabile is a financial advisor with over 30 years of experience and is joining LPL’s employee advisor channel, Linsco.
What services does Forest Lake Wealth Partners offer?
Forest Lake Wealth Partners provides personalized financial plans, investment strategies, estate planning, and tax management for diverse clients.
Why did Forest Lake Wealth Partners join LPL Financial?
They sought more autonomy, customization for clients, and support to deliver tailored financial solutions without conflicts of interest.
Where is Forest Lake Wealth Partners located?
Forest Lake Wealth Partners is located in Albany, New York, serving clients across the United States.
What is LPL Financial's role?
LPL Financial supports financial advisors with resources, technology, and flexibility to enhance client experiences and business practices.
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 63 times in the past 6 months. Of those trades, 0 have been purchases and 63 have been sales.
Here’s a breakdown of recent trading of $LPLA stock by insiders over the last 6 months:
- GREG GATES (Group Managing Director) has made 0 purchases and 55 sales selling 7,500 shares for an estimated $2,721,024.
- RICHARD STEINMEIER (Chief Executive Officer) has made 0 purchases and 6 sales selling 5,058 shares for an estimated $1,876,482.
- ANERI JAMBUSARIA (Group Managing Director) has made 0 purchases and 2 sales selling 160 shares for an estimated $57,098.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LPLA Revenue
$LPLA had revenues of $4.6B in Q3 2025. This is an increase of 46.44% from the same period in the prior year.
You can track LPLA financials on Quiver Quantitative's LPLA stock page.
$LPLA Hedge Fund Activity
We have seen 364 institutional investors add shares of $LPLA stock to their portfolio, and 461 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS added 2,612,184 shares (+15960.1%) to their portfolio in Q3 2025, for an estimated $869,047,494
- FMR LLC removed 1,332,551 shares (-54.3%) from their portfolio in Q3 2025, for an estimated $443,326,392
- WINSLOW CAPITAL MANAGEMENT, LLC removed 1,183,069 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $393,595,225
- MILLENNIUM MANAGEMENT LLC added 965,693 shares (+1104.0%) to their portfolio in Q3 2025, for an estimated $321,276,404
- EGERTON CAPITAL (UK) LLP removed 832,516 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $276,969,748
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 800,171 shares (+32.8%) to their portfolio in Q3 2025, for an estimated $266,208,889
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$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 10/31/2025
- JMP Securities issued a "Market Outperform" rating on 10/09/2025
- Morgan Stanley issued a "Overweight" rating on 10/01/2025
- Goldman Sachs issued a "Buy" rating on 09/12/2025
- Wells Fargo issued a "Overweight" rating on 07/11/2025
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 12 analysts offer price targets for $LPLA in the last 6 months, with a median target of $420.0.
Here are some recent targets:
- Michael Brown from UBS set a target price of $406.0 on 12/11/2025
- Bill Katz from TD Cowen set a target price of $410.0 on 11/03/2025
- Christopher Allen from Citigroup set a target price of $380.0 on 10/31/2025
- Benjamin Budish from Barclays set a target price of $420.0 on 10/31/2025
- Devin Ryan from Citizens set a target price of $475.0 on 10/31/2025
- Michael Cho from JP Morgan set a target price of $438.0 on 10/20/2025
- Devin Ryan from JMP Securities set a target price of $455.0 on 10/09/2025
Full Release
SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Melissa Mirabile has joined LPL’s employee advisor channel Linsco by LPL Financial to launch Forest Lake Wealth Partners . She reported serving approximately $280 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS.
Located in Albany, N.Y., Forest Lake Wealth Partners serves a wide range of clients across the country, including families, business owners, and trade unions. This diverse client base highlights the firm’s commitment to addressing a broad spectrum of financial needs. Mirabile, who has over 30 years of experience and is the fifth financial advisor in her family, continues a legacy of trusted financial guidance. The team is dedicated to treating each client as an individual, deliberately avoiding short-lived financial trends in favor of a practical, common-sense approach to financial planning.
“We recognize that every client is unique, so we create tailored financial plans designed to meet their individual needs. Our team is dedicated to going above and beyond, offering clients a comprehensive perspective on their finances. In addition to investment strategies, we assist with estate planning and tax management. By intentionally limiting the number of clients we serve, we are able to develop close, personal relationships with each one,” said Mirabile.
Why Forest Lake Wealth Partners Chose LPL
Seeking more autonomy and customization for their clients, the team — which also includes 3 rd generation Wealth Associate Casey Mirabile and Business Development Associate Lars Olson — turned to LPL.
“Linsco provides us with comprehensive support, increased efficiency and more freedom to address each client’s individual needs, without potential conflicts of interest or cookie-cutter models. This will allow us to spend our time the way we should – by helping our clients. Linsco made the transition so successful by offering a dedicated and responsive team. We are so excited to have our clients benefit from this support long term,” said Mirabile.
Scott Posner, managing director of business development, said, “We welcome Melissa and team to the Linsco community. 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 Forest Lake Wealth Partners for years to come.”
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 1,100 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 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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