{"success":true,"data":{"pressRelease":{"id":"48050","rtpr_id":"nGNXbLHmSS","ticker":"LPLA","exchange":"NASDAQ","all_tickers":["LPLA"],"title":"LPL Welcomes Schott Financial Management","author":"Globe Newswire","published_at":"2026-05-28T12:55:00.114Z","article_body":"SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC\n(https://www.globenewswire.com/Tracker?data=cPycKqK5rBMgWajOO_LPdr6gt7ZjJ9N5yt6HovbedxCbg7MMRSVUqiCopnBr1VBD7KYUvM-XITuHKOzbiKYp-w==) announced\ntoday that financial advisor Steve Schott, MBA, has joined LPL Financial’s\nbroker-dealer and Registered Investment Advisor (RIA) platform. Schott\nreported serving approximately $240 million in advisory, brokerage and\nretirement plan assets* and joins LPL from Cambridge Investment.\n\nBased in Prescott, Ariz., Steve Schott is the owner and CEO of Schott\nFinancial Management\n(https://www.globenewswire.com/Tracker?data=CQJPzaoKq0drd4ZnqgpzQTpRksWlwHAyrt10FqTlhueZtkUKwko546N266VJw5YH5GBuIio1vY1AZcIvygDRZCz2QbDu0l-mE8tJCbIv2nUOeQQQSozVjhREX6zLts6A),\na third-generation business celebrating its 40th year serving clients. Schott\nhas been with the firm since 2012 and purchased the business six years ago,\ncontinuing its longstanding tradition of helping individuals and families\nnavigate their financial lives.\n\nSchott Financial Management specializes in working with retirees and those\napproaching retirement, serving clients through what Schott describes as the\n“four stages of retirement,” from pre-retirement planning to full\nretirement, estate considerations and end-of-life financial needs.\n\nThe firm is known for its high-touch, relationship-driven approach, supported\nby a team of licensed professionals who provide responsive, personalized\nservice. Schott Financial Management’s support team includes Laura De La\nHuerta, LPL registered assistant, and Jessee Porter, investment assistant.\n\n“Our approach is simple — we focus on balancing risk and return, with a\nstrong emphasis on generating reliable income for our retired clients,”\nSchott said. “We’ve built our business around being accessible and present\nfor our clients and delivering the guidance they need through every stage of\nretirement.”\n\nWhy Schott Financial Management Chose LPL\n\nSchott selected LPL for its self-clearing platform and advanced technology,\nwhich he believes will enhance the client experience and streamline\noperations.\n\n“LPL’s self-clearing capabilities and integrated technology platform\nprovide a more seamless experience for both our team and our clients,”\nSchott said. “The client portal, in particular, will allow us to deliver\nclearer reporting and a more efficient, one-stop experience — ultimately\nfreeing up more time for us to focus on serving our clients.”\n\nMarc Cohen, chief growth officer at LPL Financial, said, “We are pleased to\nwelcome Steve and the Schott Financial Management team to LPL. Their\ncommitment to delivering high-touch service and guiding clients through the\ncomplexities of retirement aligns with LPL’s purpose to empower advisors\nwith the technology, resources and support they need to provide personalized\nadvice and grow their businesses.”\n\nRelated\n\nAdvisors, learn how LPL Financial can help take your business to the next\nlevel\n(https://www.globenewswire.com/Tracker?data=48EJltA14rHDcbHC7bG9kjGfbtQJPjP-c5MTZmwVfoAUdmYWYq6L6lgRT1iIOb1b1wiuqB6nz3_vUQ_dlMERV5mh1HhYNeKoq-3YI7m4tCmGyHpEEcx-puZ6xvjX5a9MvOUW0iJmosYw5yFcCzoRrcY7HtQVVlM7xB5IbNSmou8=).\n\nAbout LPL Financial\n\nLPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth\nmanagement firms in the U.S. As a leader in the financial advisor-mediated\nmarketplace, LPL supports more than 32,000 financial advisors and the wealth\nmanagement practices of approximately 1,100 financial institutions, servicing\nand custodying approximately $2.3 trillion in brokerage and advisory assets on\nbehalf of approximately 8 million Americans. The firm provides a wide range of\nadvisor affiliation models, investment solutions, fintech tools and practice\nmanagement services, ensuring that advisors and institutions have the\nflexibility to choose the business model, services, and technology resources\nthey need to run thriving businesses. For further information about LPL,\nplease visit www.lpl.com.\n\nSecurities and advisory services offered through LPL Financial LLC (“LPL\nFinancial”), a registered investment adviser and broker-dealer. Member\nFINRA/SIPC. Schott Financial Management and LPL Financial are separate\nentities.\n\nThroughout this communication, the terms “financial advisors” and\n“advisors” are used to refer to registered representatives and/or\ninvestment advisor representatives affiliated with LPL Financial.\n\nWe routinely disclose information that may be important to shareholders in the\n“Investor Relations\n(https://www.globenewswire.com/Tracker?data=FQFcWS_Bi2MRJuFqzehx38j4xZhFac03l2VhfHryoIcpuF7hl3CUUAZHa4-SrjTeS7ZQ5FCY8bgzmovWr94k9D65Bl7GPf2OrJXvLP6VqVY=)”\nor “Press Releases\n(https://www.globenewswire.com/Tracker?data=HO2rfmoFfIzO4bTarOkplp6PJ8JoZGoTMHrADTR_GHIB8Jx-HY1G7y0WDr5BR0wyZJ35zevF-qldfVMKhN7L9DX9sq_c2umyNSLQLc_xUZLRw4sX0aWnQQ1_2_1J7Eyu)”\nsection of our website.\n\n*Value approximated based on asset and holding details provided to LPL from\nend of year, 2025.\n\nMedia Contact: \nMedia.relations@LPLFinancial.com \n\nTracking #1113903\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/53e1e8c9-85a6-4959-822d-a2cead7e0840)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbLHmSS","title":"LPL Welcomes Schott Financial Management","author":"Globe Newswire","ticker":"LPLA","created":"2026-05-28T12:55:00.114Z","tickers":["LPLA"],"exchange":"NASDAQ","article_body":"SAN DIEGO, May 28, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC\n(https://www.globenewswire.com/Tracker?data=cPycKqK5rBMgWajOO_LPdr6gt7ZjJ9N5yt6HovbedxCbg7MMRSVUqiCopnBr1VBD7KYUvM-XITuHKOzbiKYp-w==) announced\ntoday that financial advisor Steve Schott, MBA, has joined LPL Financial’s\nbroker-dealer and Registered Investment Advisor (RIA) platform. Schott\nreported serving approximately $240 million in advisory, brokerage and\nretirement plan assets* and joins LPL from Cambridge Investment.\n\nBased in Prescott, Ariz., Steve Schott is the owner and CEO of Schott\nFinancial Management\n(https://www.globenewswire.com/Tracker?data=CQJPzaoKq0drd4ZnqgpzQTpRksWlwHAyrt10FqTlhueZtkUKwko546N266VJw5YH5GBuIio1vY1AZcIvygDRZCz2QbDu0l-mE8tJCbIv2nUOeQQQSozVjhREX6zLts6A),\na third-generation business celebrating its 40th year serving clients. Schott\nhas been with the firm since 2012 and purchased the business six years ago,\ncontinuing its longstanding tradition of helping individuals and families\nnavigate their financial lives.\n\nSchott Financial Management specializes in working with retirees and those\napproaching retirement, serving clients through what Schott describes as the\n“four stages of retirement,” from pre-retirement planning to full\nretirement, estate considerations and end-of-life financial needs.\n\nThe firm is known for its high-touch, relationship-driven approach, supported\nby a team of licensed professionals who provide responsive, personalized\nservice. Schott Financial Management’s support team includes Laura De La\nHuerta, LPL registered assistant, and Jessee Porter, investment assistant.\n\n“Our approach is simple — we focus on balancing risk and return, with a\nstrong emphasis on generating reliable income for our retired clients,”\nSchott said. “We’ve built our business around being accessible and present\nfor our clients and delivering the guidance they need through every stage of\nretirement.”\n\nWhy Schott Financial Management Chose LPL\n\nSchott selected LPL for its self-clearing platform and advanced technology,\nwhich he believes will enhance the client experience and streamline\noperations.\n\n“LPL’s self-clearing capabilities and integrated technology platform\nprovide a more seamless experience for both our team and our clients,”\nSchott said. “The client portal, in particular, will allow us to deliver\nclearer reporting and a more efficient, one-stop experience — ultimately\nfreeing up more time for us to focus on serving our clients.”\n\nMarc Cohen, chief growth officer at LPL Financial, said, “We are pleased to\nwelcome Steve and the Schott Financial Management team to LPL. Their\ncommitment to delivering high-touch service and guiding clients through the\ncomplexities of retirement aligns with LPL’s purpose to empower advisors\nwith the technology, resources and support they need to provide personalized\nadvice and grow their businesses.”\n\nRelated\n\nAdvisors, learn how LPL Financial can help take your business to the next\nlevel\n(https://www.globenewswire.com/Tracker?data=48EJltA14rHDcbHC7bG9kjGfbtQJPjP-c5MTZmwVfoAUdmYWYq6L6lgRT1iIOb1b1wiuqB6nz3_vUQ_dlMERV5mh1HhYNeKoq-3YI7m4tCmGyHpEEcx-puZ6xvjX5a9MvOUW0iJmosYw5yFcCzoRrcY7HtQVVlM7xB5IbNSmou8=).\n\nAbout LPL Financial\n\nLPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth\nmanagement firms in the U.S. As a leader in the financial advisor-mediated\nmarketplace, LPL supports more than 32,000 financial advisors and the wealth\nmanagement practices of approximately 1,100 financial institutions, servicing\nand custodying approximately $2.3 trillion in brokerage and advisory assets on\nbehalf of approximately 8 million Americans. The firm provides a wide range of\nadvisor affiliation models, investment solutions, fintech tools and practice\nmanagement services, ensuring that advisors and institutions have the\nflexibility to choose the business model, services, and technology resources\nthey need to run thriving businesses. For further information about LPL,\nplease visit www.lpl.com.\n\nSecurities and advisory services offered through LPL Financial LLC (“LPL\nFinancial”), a registered investment adviser and broker-dealer. Member\nFINRA/SIPC. Schott Financial Management and LPL Financial are separate\nentities.\n\nThroughout this communication, the terms “financial advisors” and\n“advisors” are used to refer to registered representatives and/or\ninvestment advisor representatives affiliated with LPL Financial.\n\nWe routinely disclose information that may be important to shareholders in the\n“Investor Relations\n(https://www.globenewswire.com/Tracker?data=FQFcWS_Bi2MRJuFqzehx38j4xZhFac03l2VhfHryoIcpuF7hl3CUUAZHa4-SrjTeS7ZQ5FCY8bgzmovWr94k9D65Bl7GPf2OrJXvLP6VqVY=)”\nor “Press Releases\n(https://www.globenewswire.com/Tracker?data=HO2rfmoFfIzO4bTarOkplp6PJ8JoZGoTMHrADTR_GHIB8Jx-HY1G7y0WDr5BR0wyZJ35zevF-qldfVMKhN7L9DX9sq_c2umyNSLQLc_xUZLRw4sX0aWnQQ1_2_1J7Eyu)”\nsection of our website.\n\n*Value approximated based on asset and holding details provided to LPL from\nend of year, 2025.\n\nMedia Contact: \nMedia.relations@LPLFinancial.com \n\nTracking #1113903\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/53e1e8c9-85a6-4959-822d-a2cead7e0840)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-28T12:55:00.161115516Z","server_sent_at_ms":1779972900161},"received_at":"2026-05-28T12:55:00.234Z","source_url":null},"analysis":{"id":"37483","press_release_id":"48050","analysis_json":{"industry":{"label":"Capital Intermediation Services","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"LPL Financial announced that Steve Schott, CEO of Schott Financial Management, has joined its broker-dealer and RIA platform.\n\nSchott brings approximately $240 million in advisory, brokerage, and retirement plan assets from his previous affiliation with Cambridge Investment.\n\nThe move is part of LPL's routine advisor growth strategy, adding to its base of over 32,000 advisors and $2.3 trillion in assets.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine advisor joiner; negligible impact on LPLA fundamentals."},"keyFigures":{"customDimensions":{"new_advisor_aum":240000000,"total_lpl_advisors":32000}},"quotedText":"We are pleased to welcome Steve and the Schott Financial Management team to LPL.","namedEntities":{"people":[{"name":"Steve Schott","role":"Financial Advisor / CEO of Schott Financial Management"},{"name":"Marc Cohen","role":"Chief Growth Officer at LPL Financial"},{"name":"Laura De La Huerta","role":"LPL registered assistant"},{"name":"Jessee Porter","role":"Investment assistant"}],"products":[],"companies":[{"name":"LPL Financial LLC","ticker":"LPLA","relationship":"filer"},{"name":"Schott Financial Management","relationship":"affiliating firm"},{"name":"Cambridge Investment","relationship":"previous platform"}],"dollarAmounts":[{"amount":"$240 million","context":"assets brought by Steve Schott"},{"amount":"$2.3 trillion","context":"LPL total brokerage and advisory assets"}]},"materialImpact":{"score":1,"reasoning":"Routine advisor affiliation announcement. The $240M in assets is immaterial relative to LPL's $2.3T AUM base (~0.01% incremental). No strategic partnership or M&A involved."},"tickerRelevance":{"others":[],"primary":"LPLA"},"globalImportance":5,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"routine_operations","householdBrandBoost":"moderate","marketCapAdjustment":"low_impact_due_to_scale"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"LPL Financial announced that Steve Schott, CEO of Schott Financial Management, has joined its broker-dealer and RIA platform.\n\nSchott brings approximately $240 million in advisory, brokerage, and retirement plan assets from his previous affiliation with Cambridge Investment.\n\nThe move is part of LPL's routine advisor growth strategy, adding to its base of over 32,000 advisors and $2.3 trillion in assets.","key_figures":{"customDimensions":{"new_advisor_aum":240000000,"total_lpl_advisors":32000}},"named_entities":{"people":[{"name":"Steve Schott","role":"Financial Advisor / CEO of Schott Financial Management"},{"name":"Marc Cohen","role":"Chief Growth Officer at LPL Financial"},{"name":"Laura De La Huerta","role":"LPL registered assistant"},{"name":"Jessee Porter","role":"Investment assistant"}],"products":[],"companies":[{"name":"LPL Financial LLC","ticker":"LPLA","relationship":"filer"},{"name":"Schott Financial Management","relationship":"affiliating firm"},{"name":"Cambridge Investment","relationship":"previous platform"}],"dollarAmounts":[{"amount":"$240 million","context":"assets brought by Steve Schott"},{"amount":"$2.3 trillion","context":"LPL total brokerage and advisory assets"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-28T12:56:08.056Z","global_importance":5,"audience_relevance":10,"importance_components":{"tickerTier":"large-cap","eventGravity":"routine_operations","householdBrandBoost":"moderate","marketCapAdjustment":"low_impact_due_to_scale"}},"durationMs":67800,"modelName":"george-droid-qwen-72b"}}