LPL Financial Welcomes New Advisors: Carmen M. Lex Jr. and Chris Lex
SAN DIEGO, CA – Feb. 11, 2025
LPL Financial LLC, a leading retail brokerage and registered investment advisor (RIA) firm, announced today the addition of financial advisors Carmen M. Lex Jr., CFP®, RICP®, and Chris Lex, CRPC®, to its broker-dealer, RIA, and custodial platforms. The brothers, who previously served at Corebridge Financial, formerly Valic, a subsidiary of AIG, reportedly managed approximately $630 million in advisory, brokerage, and retirement plan assets.*
Background and Experience
Carmen M. Lex Jr. and Chris Lex bring over two decades of combined experience in the financial services industry. They have a proven track record of helping clients navigate complex financial situations and build customized investment strategies. Their expertise includes retirement planning, wealth management, and risk management. With their addition to LPL Financial, the firm continues to strengthen its commitment to providing a diverse range of financial solutions to clients.
Impact on Individual Investors
For individual investors, the arrival of Carmen M. Lex Jr. and Chris Lex at LPL Financial could mean increased options and expertise for managing their financial futures. As part of a larger firm, they may have access to a broader range of resources, research, and tools to help them make informed investment decisions. Additionally, their expertise in retirement planning and wealth management could be particularly valuable for those approaching retirement or looking to grow their wealth.
- Access to a broader range of resources and tools
- Expertise in retirement planning and wealth management
- Additional support and guidance from experienced financial advisors
Impact on the Financial Industry
The addition of Carmen M. Lex Jr. and Chris Lex to LPL Financial could also have a significant impact on the financial industry as a whole. LPL Financial is already one of the largest independent broker-dealers and RIAs in the country, and the arrival of these experienced advisors could further solidify its position. It also demonstrates a continued trend of advisors moving from larger institutions to independent firms, which may offer more autonomy and flexibility in terms of service offerings and client relationships.
- Solidifies LPL Financial’s position as a leading firm
- Continued trend of advisors moving to independent firms
- Potential for increased competition among firms
Conclusion
The announcement of Carmen M. Lex Jr. and Chris Lex joining LPL Financial marks an exciting development for both the firm and the financial industry. With their extensive experience and expertise, they are poised to provide valuable services and insights to their clients. For individual investors, this could mean increased options and resources for managing their financial futures. For the industry, it may represent a further shift towards independent firms and increased competition among providers.
As LPL Financial continues to grow and evolve, it remains committed to helping its clients achieve their financial goals. With the addition of these experienced advisors, it is well-positioned to do so.
*Assets under management are subject to change.
