LPL Financial Expands into Florida with $1.2B Acquisition and Adds $160M Advisor
LPL Financial has acquired Modern Wealth’s Florida business for $1.2 billion, marking its entry into the Sunshine State market. The firm also added advisor Trey Pope, who brings approximately $160 million in advisory and retirement assets, bolstering LPL’s advisor network and asset base.
1. Florida Market Entry via $1.2B Acquisition
LPL Financial has completed a $1.2 billion purchase of Modern Wealth’s Florida operations, securing its first foothold in the state. The acquisition integrates Modern Wealth’s advisory and brokerage relationships into LPL’s platform, expanding its footprint in a high-growth region and adding significant new assets under management.
2. Advisor Trey Pope Joins with $160M Assets
Trey Pope, CRPC® and ABFP®, joined LPL’s broker-dealer and RIA platform with approximately $160 million in advisory, brokerage, and retirement plan assets from his Edward Jones practice. His planning-first approach and diverse client base further strengthen LPL’s advisor ranks and support its strategy to grow assets under custody.