LPL Financial Hlds

LPL Financial Holdings, Inc. serves independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow their practices. It provides objective financial guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. The company was founded in 1989 and is headquartered in San Diego, CA.

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LPL Financial Hlds reports record earnings, eyes high net worth market

LPL Financial Hlds reported strong financial performance, with significant asset growth, record EPS, and robust same-store sales. The company's strategic focus on empowering advisers and enhancing client experience through various plays is driving growth and differentiation.
While challenges exist in executing strategic plays effectively, managing expense growth, and optimizing leverage ratios, LPL Financial Hlds has opportunities to further expand its service offerings, target high net worth clients, and grow its fixed rate portfolio.
By capitalizing on opportunities to enhance capabilities, target specific client segments, and invest in technology, LPL Financial Hlds can continue its growth trajectory and strengthen its position in the advisory market.
The company's commitment to financial stability, shareholder value, and strategic investments positions it well for future growth and market leadership, despite challenges in execution and market dynamics.
Overall, LPL Financial Hlds' focus on empowering advisers, enhancing client experience, and driving growth through strategic investments and service enhancements sets a positive trajectory for continued success and market expansion.

LPL Financial Hlds reports stellar Q1 results, eyes growth opportunities

LPL Financial Hlds (LPLA) delivered strong financial performance in Q1 2023, driven by robust asset growth, high retention rates, and doubled adjusted EPS.
The company's strategic focus on empowering advisers, expanding market presence, and optimizing revenue streams positions it for continued success and growth.
While facing challenges in liquidity management and client transitions, LPLA has opportunities to capitalize on market trends, drive growth, and enhance profitability.

LPL Financial reports robust Q2 performance and strategic growth plans

LPL Financial's Q2 performance reflects strong growth in assets, net new assets, and adjusted EPS, supported by a record retention rate and strategic initiatives.
Despite challenges like decreased gross profit and client cash revenue, the company's focus on innovation, acquisitions, and shareholder value creation remains strong.
Opportunities lie in leveraging M&A, expanding services, and delivering value proposition to drive future growth and market leadership.
With a solid financial position, growth strategies, and commitment to serving advisers, LPL Financial is poised for continued success and value creation in the financial services industry.

LPL Financial reports record Q3 recruitment success and strategic growth

LPL Financial's Q3 performance showcased strong asset growth, recruitment success, and increased EPS. The company faces challenges in managing promotional expenses and market transitions but is well-positioned to capitalize on opportunities for growth and innovation.
With a strategic focus on horizontal expansion and vertical integration, LPL Financial aims to sustain its strong asset retention and recruitment momentum. The partnership with Prudential and readiness to comply with regulatory changes position the company for future success.

LPL Financial Hlds reports robust Q4 earnings, eyes M&A growth

LPL Financial Hlds delivered strong financial performance in Q4, with notable increases in assets and EPS. The company's strategic initiatives to enhance digital capabilities and simplify adviser onboarding are driving growth. While facing challenges in G&A expenses and industry complexities, LPL Financial Hlds is well-positioned to capitalize on M&A opportunities and industry trends.

LPL Financial reports strong Q1 performance and eyes growth opportunities

LPL Financial's Q1 2024 earnings call highlighted robust financial results, strategic acquisitions, and a focus on delivering shareholder value. Despite facing challenges in basis points improvement and increased expenses, the company remains optimistic about organic growth opportunities and regulatory alignment.

LPL Financial reports robust Q2 growth and strategic expansion

LPL Financial's Q2 performance reflects strong growth, strategic initiatives, and financial resilience, positioning the company for continued success.
While facing challenges in promotional expenses and strategic realignment, the company's focus on adviser recruitment, client care, and value delivery remains key strengths.
Opportunities lie in continued momentum in recruiting, annuity demand, and value creation for advisers and clients, driving long-term shareholder value and market differentiation.

LPL Financial reports record assets and strategic acquisitions in Q3

LPL Financial Holdings Inc. delivered a strong performance in Q3 2024, marked by record assets, robust growth, and strategic acquisitions. While facing challenges in managing institutional segment growth, the company is well-positioned to capitalize on opportunities through expansion of offerings and focus on client-centric operations.

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LPL Financial Holdings, Inc. serves the advisor-mediated marketplace as the nation’s independent broker-dealer and is an investment advisory firm and a custodian. It offers integrated technology solutions, brokerage & advisory platforms, clearing, compliance, business and planning and advice services, consultative practice management programs and training. The company provides personalized financial guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. LPL Financial Holdings was founded in 1989 and is headquartered in San Diego, CA.

CHARLOTTE, N.C., June 12, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisors Rodney Van Buren and Whitney Colton have joined LPL Financial's broker-dealer, RIA and custodial platforms. The advisors reported having served approximately $200 million in advisory, brokerage and retirement plan assets* and join from VALIC Financial Advisors, Inc., the broker-dealer for AIG Retirement Services.

LPL Welcomes Florida-Based Independent Practice Van Buren Wealth Management

Volatile commission revenues and mounting operating expenses are major headwinds for LPL Financial (LPLA), while solid advisory revenue growth and strategic buyouts are likely to some support.

LPL Financial (LPLA) Hurt by Rising Costs, Commission Income

CHARLOTTE, N.C., June 08, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Todd Rosel, AAMS, and Larry D. Smith have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $310 million in advisory, brokerage and retirement plan assets*, and join LPL from Edward Jones.

LPL Financial Welcomes Integrity Wealth Advisor Group

CHARLOTTE, N.C., June 06, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Digger Bujnoch CFP®, and the team at Hoff Bujnoch & Associates has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $150 million in advisory, brokerage and retirement plan assets*, and joins LPL from Lincoln Financial Advisors.

LPL Financial Welcomes Hoff Bujnoch & Associates

Technology-savvy industry executives will help create a dynamic synergy within LPL to drive state-of-the-art tech innovation Technology-savvy industry executives will help create a dynamic synergy within LPL to drive state-of-the-art tech innovation

LPL Financial Technology Invests in Advisor and Investor Experience With Addition of New Executives

CHARLOTTE, N.C., May 31, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Neil Pettes, CFP® and the team at Individual Financial Services have returned to LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $400 million in advisory, brokerage and retirement plan assets*, and joins LPL from Cambridge Investment Research, Inc.

LPL Financial Welcomes Return of Individual Financial Services

CHARLOTTE, N.C, May 25, 2023 (GLOBE NEWSWIRE) -- LPL Financial  announced the appointment of Vivek Pappu to the Investor and Investment Solutions team as executive vice president and chief analytics and data officer. This position reflects LPL's goal of continuous evolution in the delivery of world-class products and solutions for advisors. He reports to LPL's Managing Director and Chief Product Officer, Kabir Sethi.

LPL Financial Welcomes New Chief Analytics and Data Officer to Amplify Artificial Intelligence Initiatives

CHARLOTTE, N.C., May 22, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Bruce Pienton and Scott O'Mara CFP®, CRPS, AAMS, have launched a new independent practice, Bridgewright Wealth Partners, through affiliation with LPL Strategic Wealth Services, the firm's modern breakaway solution for advisors seeking to gain more control over their business. The advisors reported having served approximately $240 million in advisory and brokerage assets*, and they join LPL from Wells Fargo Advisors.

Bridgewright Wealth Partners Launches With Support From LPL Strategic Wealth Services

LPL now recognizes one firm and one champion each year that exemplify a commitment to diversity within the legal profession LPL now recognizes one firm and one champion each year that exemplify a commitment to diversity within the legal profession

LPL Financial Launches Outside Counsel DEI Awards Program to Advance Diversity Within Financial Services

LPL Financial (LPLA) witnesses an improvement in total brokerage and advisory assets balance for April on favorable markets.

LPL Financial's (LPLA) April Metrics Rise on Upbeat Markets

CHARLOTTE, N.C., May 18, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Amwell Ridge Wealth Management, led by Managing Partner David Johnston, CFP®, has joined LPL Financial's broker-dealer, corporate (RIA) and custodial platforms, aligning with Bleakley Financial Group, an existing firm serving LPL-affiliated advisors. Johnston reported having served approximately $180 million in advisory, brokerage and retirement plan assets*. He joins from Cetera Financial Group.

LPL Financial, Bleakley Financial Group Welcome Amwell Ridge Wealth Management

LOS ANGELES, CA / ACCESSWIRE / May 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LPL Financial Holdings Inc. ("LPL" or "the Company") (NASDAQ:LPLA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against LPL Financial Holdings Inc. and Encourages Investors with Losses to Contact the Firm

SAN DIEGO, May 17, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC ("LPL Financial"), a wholly owned subsidiary of LPL Financial Holdings Inc. ( Nasdaq: LPLA ) (the “Company”), today released its monthly activity report for April 2023.

LPL Financial Reports Monthly Activity for April 2023

CHARLOTTE, N.C., May 16, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC  announced today that financial advisor Jeff Hedberg and the team at Hedberg Wealth Management has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $150 million in advisory, brokerage and retirement plan assets*, and joins LPL from SagePoint, part of the Advisor Group network of broker-dealers.

LPL Financial Welcomes Hedberg Wealth Managment

CHARLOTTE, N.C., May 15, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Indya Kellman, Tim Mol, CFP®, and Pier Mutovic have joined LPL's Institution Services platform, aligning with Affinity Federal Credit Union's wealth management program. The advisors reported having served approximately $365 million in brokerage, advisory and retirement plan assets*. They join from Raymond James. The three principal advisors are joined by financial advisors Kim Trimmer and Mike Tormey, CFP®.

LPL Financial Welcomes Five-Advisor Team to Its Institution Services Platform

NEW YORK , May 12, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of LPL Financial Holdings Inc. (NASDAQ: LPLA) resulting from allegations that LPL Financial may have issued materially misleading business information to the investing public. SO WHAT: If you purchased LPL Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

LPLA INVESTOR NEWS: ROSEN, A TOP RANKED LAW FIRM, Encourages LPL Financial Holdings Inc. Investors to Inquire About Class Action Investigation - LPLA

CHARLOTTE, N.C., May 10, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Michelle Brennan Hall of Brennan Wealth Advisors, LLC has joined LPL Financial's broker-dealer, RIA and custodial platforms. She reported having served approximately $220 million in advisory, brokerage and retirement plan assets*, and joins LPL from FSC Securities Corporation, part of the Advisor Group network.

LPL Financial Welcomes Financial Advisor Michelle Brennan Hall

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Affiliation model, compliance structure not found to have material impact on most independent firm valuations Affiliation model, compliance structure not found to have material impact on most independent firm valuations

Advisor Growth Strategies Study Reveals Top Factors Driving M&A Market, Firm Valuations

Higher revenues and a slight rise in brokerage and advisory assets support LPL Financial's (LPLA) Q1 earnings, while an increase in expenses acts as a spoilsport.

LPL Financial (LPLA) Up 2.9% on Q1 Earnings & Revenue Beat

NEW YORK , April 30, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of LPL Financial Holdings Inc. (NASDAQ: LPLA) resulting from allegations that LPL Financial may have issued materially misleading business information to the investing public. SO WHAT: If you purchased LPL Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

LPLA LOSS ALERT: ROSEN, SKILLED INVESTOR COUNSEL, Encourages LPL Financial Holdings Inc. Investors to Inquire About Class Action Investigation - LPLA

LPL Financial Holdings Inc. (LPLA) Q1 2023 Earnings Call Transcript.

LPL Financial Holdings Inc. (LPLA) Q1 2023 Earnings Call Transcript

LPL Financial Holdings Inc. (LPLA) came out with quarterly earnings of $4.49 per share, beating the Zacks Consensus Estimate of $4.35 per share. This compares to earnings of $1.95 per share a year ago.

LPL Financial Holdings Inc. (LPLA) Surpasses Q1 Earnings and Revenue Estimates

Key Financial Results Net Income was $339 million , translating to diluted earnings per share ("EPS") of $4.24 , up 159% from a year ago Adjusted EPS* increased 130% year-over-year to $4.49 Gross profit* increased 52% year-over-year to $1,020 million Core G&A* increased 16% year-over-year to $326 million EBITDA* increased 111% year-over-year to $564 million Key Business Results Total advisory and brokerage assets increased 1% year-over-year to $1.18 trillion Advisory assets decreased 1% year-over-year to $621 billion Advisory assets as a percentage of total assets decreased to 52.8%, down from 53.7% a year ago Total organic net new assets were $21 billion , representing 7.5% annualized growth Organic net new advisory assets were $14 billion, representing 9% annualized growth Organic net new brokerage assets were $7 billion, representing 5% annualized growth Recruited assets (1) were $13 billion Recruited assets over the trailing twelve months were $85 billion, up approximately 12% from a year ago LPL Services Group had annualized revenue of $38 million in Q1 , up 26% fr om a year ago Services Group subscriptions were 4,944 at the end of Q1, up 1,415 year-over-year Advisor count (2) was 21,521 , up 246 sequentially and 1,430 year-over-year Total client cash balances were $55 billion, a decrease of $10 billion sequentially and $7 billion year-over-year Client cash balances as a percentage of total assets were 4.6%, down from 5.8% in the prior quarter and 5.3% a year ago Key Capital and Liquidity Results Corporate cash ( 3 ) was $234 million Leverage ratio (4) was 1.34x Share repurchases were $275 million and dividends paid of $24 million Key Updates BancWest Investment Services ("BWIS"): Following the close of BMO's acquisition of Bank of the West, BMO plans for BWIS to join LPL's Institution Services platform in the second half of 2023. BWIS supports ~85 financial advisors who collectively serve ~$7.8B of brokerage and advisory assets.

LPL Financial Announces First Quarter 2023 Results

CHARLOTTE, N.C., April 24, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Dustin Mac Brown CFP®, AAMS® has joined LPL Financials' broker-dealer, RIA and custodial platforms. He reported having served approximately $190 million in advisory, brokerage and retirement plan assets*, and joins LPL from Cetera Advisors.

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