Zarra Wealth Management joins LPL Financial, expanding services with a focus on personalized, fiduciary financial guidance.
Quiver AI Summary
LPL Financial has announced that Zarra Wealth Management, consisting of financial advisors Christopher Zarra, James Kelly, and Michele Welch, has joined its broker-dealer and Registered Investment Advisor platform, transitioning from Ameriprise. Based in Westbury, NY, the team manages approximately $270 million in advisory, brokerage, and retirement plan assets, emphasizing a personalized, client-first approach built on fiduciary principles. The trio spent years evaluating options to enhance their autonomy and service offerings, ultimately choosing LPL for its diverse product range and commitment to advisor independence, enabling them to tailor financial strategies without corporate constraints. LPL executives expressed their enthusiasm in welcoming the team, highlighting their capability to support advisors in achieving their business goals.
Potential Positives
- Zarra Wealth Management, managing approximately $270 million in assets, is joining LPL Financial, enhancing LPL's advisory capabilities and client service offerings.
- The transition from Ameriprise to LPL reflects Zarra Wealth Management's desire for greater autonomy and the ability to provide customized client solutions without being constrained by a corporate agenda.
- The addition of certified financial planners (CFPs) from Zarra Wealth Management strengthens LPL’s reputation for high-quality, fiduciary financial advice.
- LPL Financial supports a large and growing network of financial advisors, positioning itself as a leader in the wealth management industry with approximately $1.9 trillion in assets under custody.
Potential Negatives
- The press release highlights that Zarra Wealth Management left Ameriprise, suggesting potential dissatisfaction or issues with their previous affiliation that may reflect negatively on LPL Financial's competitive environment.
- The emphasis on Zarra Wealth Management's need for greater autonomy and flexibility may imply limitations or restrictions within LPL Financial's existing structures that could deter other advisors from joining.
- The mention of a "cookie-cutter approach" negatively frames corporate models, hinting at a potential reputational risk for LPL Financial if their offerings are perceived as generic or inflexible compared to competitors.
FAQ
What is Zarra Wealth Management's asset management value?
Zarra Wealth Management is reported to serve approximately $270 million in advisory, brokerage, and retirement plan assets.
Why did Zarra Wealth Management choose LPL Financial?
They sought greater autonomy and the ability to provide personalized, client-first service without being limited by a corporate agenda.
Who are the advisors at Zarra Wealth Management?
The team consists of Christopher Zarra, CFP®, CHFC®, CFS®, James Kelly CFP®, APMA™, and Michele Welch, CFP®.
What is LPL Financial known for?
LPL Financial is among the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors.
What designations do Zarra Wealth Management advisors hold?
The advisors at Zarra Wealth Management are proud to have achieved the rigorous CFP® designation and provide fiduciary guidance.
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 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:
- SENATOR MARKWAYNE MULLIN purchased up to $50,000 on 05/13.
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 31 times in the past 6 months. Of those trades, 0 have been purchases and 31 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 26 sales selling 4,500 shares for an estimated $1,703,321.
- MATTHEW J AUDETTE (President and CFO) sold 4,588 shares for an estimated $1,652,001
- RICHARD STEINMEIER (Chief Executive Officer) sold 3,500 shares for an estimated $1,308,265
- 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 441 institutional investors add shares of $LPLA stock to their portfolio, and 399 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DODGE & COX added 1,178,249 shares (+77.3%) to their portfolio in Q2 2025, for an estimated $441,808,027
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 926,122 shares (+61.1%) to their portfolio in Q2 2025, for an estimated $347,267,966
- FMR LLC removed 710,984 shares (-22.5%) from their portfolio in Q2 2025, for an estimated $266,597,670
- MARSHALL WACE, LLP removed 656,721 shares (-97.0%) from their portfolio in Q2 2025, for an estimated $246,250,673
- VANGUARD GROUP INC added 613,909 shares (+8.3%) to their portfolio in Q2 2025, for an estimated $230,197,457
- PRINCIPAL FINANCIAL GROUP INC added 558,261 shares (+53.7%) to their portfolio in Q2 2025, for an estimated $209,331,127
- INVESCO LTD. added 450,326 shares (+444.8%) to their portfolio in Q2 2025, for an estimated $168,858,740
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:
- Morgan Stanley issued a "Overweight" rating on 07/15/2025
- Wells Fargo issued a "Overweight" rating on 07/11/2025
- Barclays issued a "Overweight" rating on 07/10/2025
- Redburn Atlantic issued a "Buy" rating on 06/09/2025
- JMP Securities issued a "Market Outperform" rating on 05/09/2025
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 8 analysts offer price targets for $LPLA in the last 6 months, with a median target of $437.5.
Here are some recent targets:
- Kyle Voigt from Keefe, Bruyette & Woods set a target price of $435.0 on 08/04/2025
- Benjamin Budish from Barclays set a target price of $463.0 on 08/01/2025
- Michael Cyprys from Morgan Stanley set a target price of $490.0 on 07/15/2025
- Michael Brown from Wells Fargo set a target price of $420.0 on 07/11/2025
- Bill Katz from TD Cowen set a target price of $403.0 on 07/09/2025
- Charles Bendit from Redburn Atlantic set a target price of $460.0 on 06/09/2025
- Christopher Allen from Citigroup set a target price of $400.0 on 06/09/2025
Full Release
SAN DIEGO, Aug. 19, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of Zarra Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) platform. They reported serving approximately $270 million in advisory, brokerage and retirement plan assets* and join LPL from Ameriprise.
Based on Long Island, in Westbury, NY, the team consists of Christopher Zarra, CFP ® , CHFC ® , CFS ® , James Kelly CFP ® , APMA™ and Michele Welch, CFP ® . They bring 48 years of collective financial industry experience focusing on families, pre-retiree and retiree clients. The team in particular prides itself on achieving the rigorous CFP ® designation and providing the utmost in fiduciary guidance to their clients.
“We’re often introduced to our clients’ family members because of the high-touch, personalized service we provide,” said Welch. “We all share the same philosophy: we treat our clients like family, anticipate their needs, and prepare them for any financial situation. Acting in their best interest is always our top priority.”
Why Zarra Wealth Management Chose LPL
In search of greater autonomy while maintaining a client-first focus, the team spent years conducting thorough due diligence before choosing LPL.
“This was a thoughtful decision to get away from the franchise model and gain more freedom and independence,” said Zarra. “As three CFP ® professionals, it was important for us to align with a firm that offers no proprietary investment products and provides us the flexibility to run our practice in a way that best serves our clients. With LPL, we now have access to a broader range of products, tools, technology, and support to elevate our practice and help clients.”
Kelly added, “We don’t believe in a cookie-cutter approach. Every client’s financial plan and investment portfolio is thoughtfully customized to their needs. We are excited to have the flexibility to tailor strategies for our clients without being limited by a corporate agenda.”
Scott Posner, Managing Director, Business Development, said, “We welcome the Zarra Wealth Management team to LPL. At LPL, we recognize that advisors are looking for sophisticated capabilities and autonomy to build and grow their ideal practice according to their vision. We look forward to supporting the team 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 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $1.9 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. Zarra Wealth Management 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, 2024.
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