On February 11, 2025, LPL Financial LLC made headlines with the announcement that financial advisors Carmen M. Lex Jr., CFP®, RICP®, and Chris Lex, CRPC®, have officially joined its broker-dealer, Registered Investment Advisor (RIA), and custodial platforms. The Lex brothers bring an impressive portfolio, serving approximately $630 million in advisory, brokerage, and retirement plan assets, a significant addition to LPL Financial's wealth management offerings.

2. The Lex Brothers: A Legacy of Financial Guidance

Based in Marlton, New Jersey, Carmen and Chris Lex have cultivated a strong reputation in the financial services space since they began collaborating in 2014. Their expertise lies in financial planning, particularly in pension and social security analysis, which includes specialized knowledge of the Public School Employees’ Retirement System. The brothers attribute their commitment to financial guidance to their family heritage, particularly their grandmother and parents, who instilled in them the importance of saving and financial literacy from a young age.

> “We had a lot of people who guided us to where we are today, especially our grandmother who taught us the importance of saving from a young age,” remarked Chris Lex. “That fueled our drive to help others with important financial decisions. We are committed to educating and empowering individuals and families to take control of their financial futures.”

3. Embracing Independence with LPL Financial

The decision to join LPL Financial came after more than 15 years in the financial advisory industry, during which Carmen and Chris recognized a strong desire to offer personalized, independent financial guidance. By transitioning to LPL Financial, they aim to reshape their approach, focusing on independence and delivering tailored strategies with exceptional client service.

> “As we work with more clients in the distribution phases, we realized there are more personalized options available to us as independent advisors,” stated Carmen Lex. “By joining LPL Financial, we’ll benefit from innovative technology, strategic business resources, a comprehensive product selection, and the support of an industry-leading wealth management firm. This move gives us everything we need to be better advisors and do right by our clients.”

4. LPL Financial’s Commitment to Supporting Advisors

Scott Posner, Executive Vice President of Business Development at LPL, welcomed the Lex brothers with enthusiasm, highlighting the advantages of operating under the LPL umbrella. He stated, "We extend a warm welcome to Carmen and Chris and congratulate them on the move to independence. With more freedom and flexibility, financial advisors who choose LPL are able to work more effectively, run thriving practices, and create value for the evolving needs of their clients. We look forward to supporting Lex Wealth Management for years to come."

5. LPL Financial: A Leader in Wealth Management

LPL Financial Holdings Inc. (Nasdaq: LPLA) is recognized as one of the fastest-growing wealth management firms in the United States. Currently, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions. The firm services and custody approximately $1.7 trillion in brokerage and advisory assets on behalf of around 6 million Americans.

LPL provides a range of advisor affiliation models, investment solutions, fintech tools, and practice management services, ensuring that advisors and institutions can select the business model, services, and technology resources necessary to thrive in a competitive landscape.

6. Conclusion

The addition of Lex Wealth Management to LPL Financial marks a significant milestone in both entities' journeys. With a focus on independence, personalized financial strategies, and a commitment to client education, the Lex brothers are poised to enhance their advisory services. As LPL Financial continues to expand its reach and resources, the partnership with Lex Wealth Management is expected to drive further growth and client satisfaction.

For more information about LPL Financial and its services, visit www.lpl.com.

Media Contact:

Media.relations@LPLFinancial.com

(704) 996-1840

*Note: Securities and advisory services are offered through LPL Financial, a registered investment advisor and broker dealer, member FINRA/SIPC. Lex Wealth Management and LPL are separate entities.*

Original press release