Goldman Sachs analyst Alexander Blostein started LPL Financial with a Buy rating and added the shares to his firm's Americas Conviction List. He has a $79 price target for the stock. Blostein initiated the smid-cap Brokers with an Attractive coverage view and names LPL his top pick. The company screens best on organic growth in Wealth Management, revenue growth from customer cash monetization and capital generation, Blostein tells investors in a research note.

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.