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., Aug.  13, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC  (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Equitrust Financial Group, Ltd. has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. The firm reported having served approximately $800 million in brokerage, advisory and retirement plan assets*. The advisors join from Securities America, part of the Advisor Group network of broker-dealers.

LPL Financial Welcomes Equitrust Financial Group

CHARLOTTE, N.C., Aug.  11, 2020  (GLOBE NEWSWIRE) --  LPL Financial LL  C (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Scott Belous has joined the firm as executive vice president, End User Experience, effective August 3. In his new role, Belous is responsible for managing the development and operational management of new products and solutions designed to enhance the investor experience. He reports to Burt White, LPL chief investment officer and managing director, Investor and Investment Solutions, and will be based in New Jersey.

LPL Financial Hires Scott Belous to Lead End User Experience

CHARLOTTE, N.C., Aug.  10, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC  (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Bialke Financial Partners has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. They have aligned with Financial Resources Group Investment Services, a large enterprise firm on LPL’s corportate RIA platform, and will operate in partnership with American Bank of the North. The advisors reported having served approximately $150 million in brokerage and advisory assets*. They join from Lincoln Financial Advisors.

LPL Financial and Financial Resources Group Welcome Bialke Financial Partners

SAN DIEGO, Aug.  06, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC  (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisors Scott Dudley and David McQuade have joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. They aligned with Financial Advocates, a leading provider of concierge-level services to independent advisors in the Pacific Northwest. The advisors reported having served approximately $200 million in brokerage and advisory assets*. They join from Northwestern Mutual.

LPL Financial and Financial Advocates Welcome Advisors T. Scott Dudley and David McQuade

LPL redefines the employee advisor model by removing limitations and empowering advisors with freedom, client ownership and a payout they deserve LPL redefines the employee advisor model by removing limitations and empowering advisors with freedom, client ownership and a payout they deserve

LPL Financial Introduces Independent Employee Advisor Affiliation Model

CHARLOTTE, N.C., Aug.  03, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC  (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Cashman Consulting has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. The firm reported having served approximately $670 million in advisory, brokerage and retirement plan assets*. The advisors join from Kestra Investment Services.

LPL Financial Welcomes Cashman Consulting

LPL Financial Holdings' (LPLA) CEO Dan Arnold on Q2 2020 Results - Earnings Call Transcript

LPL Financial (LPLA) witnesses a decline in revenues along with higher expenses in the second quarter of 2020.

LPL Financial (LPLA) Q2 Earnings Beat, Revenues Decline Y/Y

LPL Financial Announces Second Quarter 2020 Results

CHARLOTTE, N.C., July  29, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Scott Seese, LPL managing director and chief information officer, is a finalist for a 2020 Charlotte CIO of the Year ORBIE Award. Presented by the Charlotte CIO Leadership Association, the awards program recognizes chief information officers who have demonstrated excellence in innovation, technology leadership, business value creation and community involvement.

LPL Financial’s Scott Seese Named Finalist in the 2020 Charlotte CIO of the Year ORBIE Awards

BUFFALO, N.Y., July 29, 2020 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) announced today that it has chosen LPL Financial (Nasdaq: LPLA), a leading retail investment advisory firm, independent broker-dealer, and registered investment advisor (RIA) custodian, to support the bank's.

M&T Bank Announces Relationship with LPL Financial to Offer Its Retail Brokerage and Advisory Business

CHARLOTTE, N.C., July  27, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC  (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisor Keith Boyd CFP® has joined LPL Financial’s broker-dealer and hybrid registered investment advisor (RIA) platforms, leveraging LPL as custodian. He has also aligned with Gladstone Wealth Partners, a large enterprise on LPL’s hybrid RIA platform. Boyd reported having served approximately $180 million in brokerage and advisory assets*. He joins from Wells Fargo Wealth Brokerage Service.

LPL Financial and Gladstone Wealth Partners Welcome Financial Advisor Keith Boyd

CHARLOTTE, N.C., July  24, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC  (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that several LPL-affiliated financial advisors are included in the list of 2020 Next-Gen Advisors published by Forbes. Featured advisors are all under 40 and, according to Forbes, represent the future of the wealth management industry.

LPL Financial Congratulates Next-Gen Advisors Recognized in Forbes

CHARLOTTE, N.C., July  23, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC  (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Ed Bell III CFP® and Gretchen Collins of Cornerstone Financial Planning have joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. They reported having served approximately $160 million in brokerage and advisory assets*. They join from Securities Service Network, part of Advisor Group.

LPL Financial Welcomes Sibling Advisors Ed Bell III, Gretchen Collins

CHARLOTTE, N.C., July  21, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that LPL-affiliated advisors Susan Kaplan and Laila Pence were once again ranked among the Top 100 Women Financial Advisors, according to a new list published this week by Barron’s.

Two LPL Financial Advisors Ranked Among Top Women Advisors in Nation

CHARLOTTE, N.C., July  20, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Kris Staples CWS®, AIF® and Trevor Johnson CWS®, AIF® of Staples Financial have joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. They reported having served approximately $150 million in brokerage and advisory assets*. They join from First Allied Securities, part of the Cetera network of broker-dealers.

LPL Financial Welcomes Staples Financial

Is LPL Financial Holdings (LPLA) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Pick LPL Financial (LPLA) Stock Now?

CHARLOTTE, N.C., July  16, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, RIA custodian and independent broker-dealer, today announced that the firm’s annual Focus conference will now be held virtually from Aug. 19 to 21. Originally scheduled to take place from July 19 to 22 in Chicago, the firm changed the format out of concern for the health and safety of attendees during the COVID-19 pandemic. The new digital format makes it possible for advisors and institutional clients to experience LPL’s signature annual conference, a premier event in the financial services industry, with a record 7,000 advisors, staff, employees and sponsors in attendance at last year’s event.

LPL Financial Bringing Its Clients Together Virtually for Annual Focus Conference

CHARLOTTE, N.C., July  15, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that father and son financial advisors Matt Meyers Sr. CRPC® and Matthew Meyers Jr. CFP®, CRPC® of Crossroads Financial Services have joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian.  They have aligned with The Financial Services Network, an existing LPL large enterprise. The Meyers team reported having served approximately $300 million in brokerage, advisory and retirement plan assets*. They join from Voya Financial Advisors.

LPL Financial, The Financial Services Network Welcome Crossroads Financial Services

CHARLOTTE, N.C., July  14, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that LPL Financial Research’s midyear report, “Midyear Outlook 2020”, is now available in an  interactive digital  version and as a downloadable  PDF . The report, “The Trail to Recovery,” contains investment insights and market guidance from LPL Financial Research through year-end 2020, a year marked by significant disruption due to the global impact of the COVID-19 pandemic.

LPL Financial Research Publishes Midyear Outlook 2020: The Trail to Recovery

CHARLOTTE, N.C., July  06, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Glenn Drake CFP® and John Kinzer CFP® have joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian.  They reported having served approximately $225 million in brokerage and advisory assets*. They join from Wells Fargo Financial Advisors Network.

LPL Financial Welcomes CenterPoint Wealth Advisors

CHARLOTTE, N.C., July  01, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm and independent broker-dealer, today announced that Ridgeline Wealth Management has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) custodial platforms. The team reported having served approximately $210 million in brokerage and advisory assets*. They join from Wells Fargo Advisors Financial Network.

LPL Financial Welcomes Ridgeline Wealth Management

CHARLOTTE, N.C., June  29, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Bernicke Wealth Management has joined LPL Financial, leveraging the firm’s broker-dealer and hybrid RIA custodial platforms. The team has aligned with LPL-affiliated Great Valley Advisor Group (GVA), a provider of supervisory responsibilities and a technology-driven full-service RIA. The Bernicke team reported having served approximately $530 million in advisory and brokerage assets with TD Ameritrade and Triad Advisors, part of Advisor Group, respectively*.

LPL Financial and Great Valley Advisor Group Welcome Bernicke Wealth Management

CHARLOTTE, N.C., June  24, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisor Corinne Koehler CFP® has joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. She reported having served approximately $120 million in brokerage and advisory assets*. She joins from Wells Fargo Financial Advisors Network.

LPL Financial Welcomes Financial Advisor Corinne Koehler

CHARLOTTE, N.C., June  22, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm and independent broker-dealer, today announced that Fogarty Wealth Management has joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms and aligned with JFC Financial Services, a large enterprise that recently joined LPL. The Fogarty team reported having served approximately $125 million in brokerage and advisory assets*. They join from Securities America, part of the Advisor Group network of broker-dealers.

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