LPL Financial Holdings has announced an agreement with First Horizon Bank, the banking subsidiary of First Horizon Corp., to expand its wealth management capabilities and solutions by transitioning support of the broker-dealer and investment advisory services of First Horizon Advisors to LPL and its Institution Services platform.
First Horizon Advisors is a subsidiary of First Horizon Bank and consists of approximately 110 financial advisers who collectively serve approximately $16 billion of client assets across the company’s 12-state footprint. The financial advisers with First Horizon Advisors will continue to work one-on-one with their clients to implement investment strategies that help them pursue their financial goals.
The transition is expected to be completed in second half 2025, subject to receipt of regulatory approval and other conditions.
