UBS analyst Alex Kramm upgraded LPL Financial to Neutral saying the U.S. election results could reverse several regulatory initiatives, with Department of Labor's fiduciary standard rule among them. The analyst believes his negative thesis for LPL "has lost some of its footing." He raised his price target for the shares to $35 from $24.

LPL Financial announced that financial advisors Chris Mukoda, Brad Travis, Jr., CFP, and David Crouse have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. They reported serving approximately $415 million in advisory, brokerage and retirement plan assets, and join LPL from PNC Investments. With the move, the team - which shares more than 75 years of combined financial services experience - launches Sussex Wealth Partners, an independent financial practice based in the Sussex County town of Lewes, Del. The new practice, located inside a former art gallery, was designed by the team's partner and office manager, Natalie Fowler, and brought to life by her husband, Anthony. The space gives an elevated and intimate feel - much like the experience the Sussex Wealth team strives to offer its wide variety of clients.