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.

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.

LPL Financial Welcomes Financial Advisor Dustin Mac Brown and His Team

NEW YORK , April 22, 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.

ROSEN, A LONGSTANDING AND TRUSTED FIRM, Encourages LPL Financial Holdings Inc. Investors to Inquire About Class Action Investigation - LPLA

MADISON, Wis., April 19, 2023 (GLOBE NEWSWIRE) --  CUNA Mutual Group is pleased to announce an agreement to provide BCU, a fast-growing credit union, and BCU Wealth Advisors, LLC, a fee-based investment advisor, a powerful combination of CUNA Mutual Group and the investment and wealth management services of LPL Financial (Nasdaq: LPLA) (“LPL”).

BCU and BCU Wealth Advisors, LLC, Partner with CUNA Mutual Group

NEW YORK , April 13, 2023 /PRNewswire/ -- 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.

LPLA LOSS ALERT: ROSEN, A LEADING LAW FIRM, Encourages LPL Financial Holdings Inc. Investors to Inquire About Class Action Investigation - LPLA

Colony Bankcorp

Finwise Bancorp

CBAN, FINW and LPLA have been added to the Zacks Rank #5 (Strong Sell) List on April 13, 2023.

New Strong Sell Stocks for April 13th

CHARLOTTE, N.C., April 13, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that One2One Wealth Strategies has joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with Mariner Advisor Network. The team reported having served approximately $400 million in advisory, brokerage and retirement plan assets*, and joins LPL from PlanMember Securities.

LPL Financial Welcomes One2One Wealth Strategies

LOS ANGELES--(BUSINESS WIRE)---- $LPLA #LPLA--The Schall Law Firm Announces it is Investigating Claims Against LPL Financial Holdings Inc.

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

CHARLOTTE, N.C., April 11, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that C&N Wealth Management, a subsidiary of Citizens & Northern Corporation (“C&N”) (Nasdaq: CZNC), has joined LPL Financial's Institution Services platform. The program's financial professionals reported having served approximately $475 million in brokerage, advisory and retirement plan assets.* They were previously affiliated with Cetera Financial Group.

LPL Financial Welcomes C&N Wealth Management to Its Institution Services Platform

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

NEW YORK--(BUSINESS WIRE)--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 may have issued materially misleading business information to the investing public. SO WHAT: If you purchased LPL securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages LPL Financial Holdings Inc. Investors with Losses to Inquire About Class Action Investigation – LPLA

SAN DIEGO, April 06, 2023 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, announced today it will report first quarter financial results after the market closes on April 27. The Company will host a conference call to discuss its results at 5 p.m. ET the same day.

LPL Financial Announces First Quarter 2023 Earnings Release Date And Conference Call

CHARLOTTE, N.C., April 03, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA) announced today that Financial Design Group (“FDG”), an OSJ led by partners Mike Clements, AIF®, and Jason Strasser, has joined LPL Financial's broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. The advisors of FDG reported having served $850 million in advisory, brokerage and retirement plan assets* and join from Securian Financial Services, Inc.

Toledo-Based Financial Design Group Makes Move to LPL Financial Platform

LPL is a leading brokerage in the advisory and financial advisory market. I believe that it is a great time to have a look at this business model because of the recent increase in interest rates.

LPL Financial: 62% EBITDA Increase, Stock Repurchase Program, And Cheap

CHARLOTTE, N.C., March 29, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC  (Nasdaq:LPLA) announced today that financial advisor Kemp Cunningham CFP®, MBA has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $125 million in advisory, brokerage and retirement plan assets*, and joins LPL from Edward Jones.

Financial Advisor Kemp Cunningham Joins LPL to Launch Independent Practice

CHARLOTTE, N.C., March 27, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that SC Financial Group has joined LPL Financial's broker-dealer, RIA and custodial platforms. The team reported having served approximately $220 million in advisory, brokerage and retirement plan assets*, and joins LPL from Cadaret Grant & Co, now part of the Atria Group.

LPL Financial Welcomes SC Financial Group

LPL Financial (LPLA) witnesses a decline in total brokerage and advisory assets for February on weak markets.

LPL Financial's (LPLA) February Metrics Down on Weak Markets

SAN DIEGO, March 23, 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 February 2023.

LPL Financial Reports Monthly Activity For February 2023

CHARLOTTE, N.C., March 22, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Joaquin Lopez of Lopez Wealth Management has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported having served approximately $130 million in advisory, brokerage and retirement plan assets*, and joins LPL from Lincoln Investment Planning.

Financial Advisor Joaquin Lopez Joins LPL Financial

CHARLOTTE, N.C., March 21, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that it received a 2023 Technology Innovation Award from the Bank Insurance & Securities Association (BISA) for its proprietary Model Wealth Portfolios, a unified wealth management platform for advisors. With this award, BISA recognizes firms that help advance the financial services industry through their commitment to technology innovations in products, services and platforms.

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