LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
IPO Year: 2010
Exchange: NASDAQ
Website: lpl.com
Date | Price Target | Rating | Analyst |
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9/12/2024 | $235.00 | Equal Weight | Wells Fargo |
7/30/2024 | $268.00 | Neutral → Buy | BofA Securities |
4/9/2024 | $254.00 → $315.00 | Equal-Weight → Overweight | Morgan Stanley |
4/4/2024 | Underperform | Raymond James | |
1/4/2024 | $224.00 | Market Perform | TD Cowen |
12/1/2023 | $240.00 | Neutral | Redburn Atlantic |
9/7/2023 | $275.00 | Overweight | Barclays |
4/3/2023 | $245.00 → $205.00 | Outperform → Neutral | Credit Suisse |
11/30/2022 | $281.00 → $239.00 | Overweight → Equal-Weight | Morgan Stanley |
11/17/2022 | Buy → Neutral | UBS |
SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial's high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately $700 million in advisory, brokerage and retirement plan assets* and joins LPL from Bank of America Private Bank. A Brooklyn native and tenacious Yankee fan, Duane has been a part of the financial industry for 30 years, with 25 years exclusively in private banking. Giantsos, a Queens native, joined the industry
SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors with Northern Plains Financial have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $225 million in advisory, brokerage and retirement plan assets* and join LPL from Cetera. Based in Grand Forks, N.D., the firm was founded in 2014 and is led by Michael Elsberry, CFP®, CRPC®, who has nearly 20 years of experience in financial services. In 2021, he was joined by his lifelong friend and fellow advisor Eric Carlson, who worked in commercial banking for 13 years before transitioning to financial advising. Together, they offer a full spe
Rarely Has a Hybrid RIA Made Its Proprietary Portfolio Strategies Available to Other RIAs/FAs LOS ANGELES, Sept. 5, 2024 /PRNewswire/ -- AWAIM® announces that its four (4) total portfolio strategies – from Low Growth to Aggressive Growth – are now available to LPL Financial's Hybrid RIA and Independent RIA Networks. Financial advisors at these firms may access the ACGM Total Portfolio Solutions Suite™ via its participation within the LPL Financial Manager Access Network (MAN) – managers and strategies of separately managed accounts. "We're very eager to share our proprietary p
SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA) ("LPL Financial" or "LPL") today announced that the firm has entered into a definitive agreement to acquire The Investment Center, Inc., ("The Investment Center") a broker-dealer and registered investment adviser based in Bedminster, N.J. "The Investment Center fosters an entrepreneurial approach that has driven their success in reaching nearly $9 billion in assets," said Rich Steinmeier, managing director and chief growth officer at LPL Financial. "By bringing The Investment Center's 240 high-performing advisors to LPL, we look forward to serving their thriving businesses and providing them our industry-leading
SAN DIEGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leader in the wealth management industry, announces the appointment of Tom Gannon as executive vice president and chief advocacy officer. Gannon, who brings more than 25 years of extensive experience in government relations across various financial services companies to LPL, will report to Althea Brown, chief legal officer, and will oversee an established team of policy analysts and lobbyists. In his new role, Gannon will spearhead LPL's government relations efforts at federal, state and local levels and lead the firm's political action committee (PAC) and the LPL 50 State Advocacy Network. He will work closely with policy
SAN DIEGO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisor Kelly Compton has joined LPL Financial's broker-dealer, RIA and custodial platforms, aligning with existing firm Client Centric Wealth Management, part of Upstream Investment Partners. He reported having served approximately $150 million in advisory and retirement plan assets* and joins LPL after owning his RIA, WCM Wealth Management, which custodied with Schwab Advisor Services. Based in San Antonio, Compton has always had an entrepreneurial spirit and a love of helping others. He started his career in the hospitality industry as a partner for a restaurant enterprise, where he sharpened
SAN DIEGO, Aug. 22, 2024 (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 July 2024. Total advisory and brokerage assets at the end of July were $1.53 trillion, an increase of $31.5 billion, or 2.1%, compared to the end of June 2024. Total net new assets for July were $9.0 billion, translating to a 7.2% annualized growth rate. This included $0.6 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs. Excluding these assets, total net new assets were $9.5 billion, translating to
SAN DIEGO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA) announced today that over 30 financial advisors with Academy Financial, Inc., and PFG Advisors have joined LPL Financial's broker-dealer, RIA and custodial platforms. Collectively, they reported serving approximately $4 billion in advisory, brokerage and retirement plan assets* and join LPL from Lincoln Financial, now part of Osaic. Headquartered in Lutherville, Md., Academy Financial was founded in 1992 by U.S. Military Academy graduate Harry Horn, CLU®, ChFC®, CRPC®, who built a client-centric firm based on the principles of integrity, professionalism and service. Since then, Academy has grown into a full-servi
SAN DIEGO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Christina McConnell, CRC®, ADPA™, Laura Long, CRPC™, AWMA™, MBA, and Jay Tillman, CPWA®, CIMA®, CFP®, RICP®, CLU®, have joined LPL Financial's supported independence model, LPL Strategic Wealth Services (SW). The team reported having served approximately $375 million in advisory, brokerage and retirement plan assets* and joins LPL from Wells Fargo Financial Advisors Network (FiNet). Based in Davidson, N.C., just north of Charlotte, 4Point Wealth Management was founded in 2006 with a mission to champion each client's unique wealth journey and pursuit of financial independence. The highl
SAN DIEGO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Jason Walker, Vladimir Nikitenko, CFP®, H. Scott Braswell, Rosty Tkachenko and John Hydrick, CFP®, have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with existing firm Integrated Financial Group (IFG). They reported serving approximately $615 million in advisory, brokerage and retirement plan assets* and join LPL from Lincoln, now part of Osaic. The Atlanta-based advisors are longtime colleagues who branched off to create a new practice, Wealthstead Financial Advisors. Led by Managing Partner Jason Walker, an Army veteran and graduate of the U.S. Military Ac
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LPL Finl Hldgs (NASDAQ:LPLA) has outperformed the market over the past 10 years by 5.3% on an annualized basis producing an average annual return of 16.22%. Currently, LPL Finl Hldgs has a market capitalization of $16.64 billion. Buying $1000 In LPLA: If an investor had bought $1000 of LPLA stock 10 years ago, it would be worth $4,531.30 today based on a price of $222.72 for LPLA at the time of writing. LPL Finl Hldgs's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated c
These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio? LPL Financial Holdings Inc. (NASDAQ:LPLA) shares tumbled 20.16%. The company announced that financial advisor Alex Williams, CFP, has joined its broker-dealer, RIA, and custodial platforms to launch a new independent practice, Stable Wealth. Advanced Micro Devices (NASDAQ:AMD) stock decreased 17.82%. Shares of semiconductor and hardware stocks are trading lower amid a selloff in the sector, which has gained this year amid AI momentum. Domino’s Pizza Inc (NYSE:DPZ) stock dived 17.78% after the company reported mixed Q2 results. Several analysts cut the price target on the stock.
The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Charles Schwab Corporation (NYSE:SCHW) On July 16, Charles Schwab reported second-quarter 2024 results. Adjusted net income
LPL Finl Hldgs (NASDAQ:LPLA) has outperformed the market over the past 10 years by 7.53% on an annualized basis producing an average annual return of 18.68%. Currently, LPL Finl Hldgs has a market capitalization of $19.81 billion. Buying $100 In LPLA: If an investor had bought $100 of LPLA stock 10 years ago, it would be worth $546.18 today based on a price of $265.22 for LPLA at the time of writing. LPL Finl Hldgs's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated cont
JP Morgan analyst Michael Cho maintains LPL Finl Hldgs (NASDAQ:LPLA) with a Neutral and raises the price target from $261 to $268.
Barclays analyst Benjamin Budish maintains LPL Finl Hldgs (NASDAQ:LPLA) with a Overweight and lowers the price target from $319 to $313.
Analysts' ratings for LPL Finl Hldgs (NASDAQ:LPLA) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $295.8, a high estimate of $334.00, and a low estimate of $271.00. This current average has increased by 1.86% from
UBS analyst Brennan Hawken maintains LPL Finl Hldgs (NASDAQ:LPLA) with a Neutral and raises the price target from $285 to $290.
As Wall Street gears up for the Q2 earnings season, all eyes are on three major banks set to report their results on Friday, July 12: JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC). Wolfe Research recently released a comprehensive analysis of the upcoming bank earnings, highlighting potential winners and underperformers in the sector. Steven Chubak, analyst at Wolfe Research, shared updated preferences on bank stocks in a detailed note this past Sunday. At the start of the year, Wolfe Research was bullish on banks benefiting from a prolonged period of high-interest rates, particularly JPMorgan. However, with the Federal Reserve likely to b
Jefferies analyst Gerald O'Hara maintains LPL Finl Hldgs (NASDAQ:LPLA) with a Buy and raises the price target from $322 to $334.
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SAN DIEGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leader in the wealth management industry, announces the appointment of Tom Gannon as executive vice president and chief advocacy officer. Gannon, who brings more than 25 years of extensive experience in government relations across various financial services companies to LPL, will report to Althea Brown, chief legal officer, and will oversee an established team of policy analysts and lobbyists. In his new role, Gannon will spearhead LPL's government relations efforts at federal, state and local levels and lead the firm's political action committee (PAC) and the LPL 50 State Advocacy Network. He will work closely with policy
SAN DIEGO, July 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced the addition of Sushil "Sid" Vyas as Executive Vice President and Chief Technology Officer of Infrastructure and Operations. In his role, Vyas will oversee the stability and reliability of LPL's operating platforms. He reports to Greg Gates, Managing Director, Chief Technology and Information Officer, and is based at LPL's Fort Mill campus in South Carolina. Vyas joins LPL from Mizuho Americas where he most recently served as chief technology officer of Mizuho America Services. He brings more than 25 years of experience in successfully leading and transforming technology organizations within large financial ins
SAN DIEGO, June 27, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors of First Summit Capital Management have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. The First Summit advisors reported having served approximately $380 million in advisory, brokerage and retirement plan assets* and join LPL from PNC Investments. First Summit Capital Management in Wilmington, Del., is led by principal owner and Managing Partner Thomas J. Cooney, a seasoned financial services veteran with 32 years of industry experience. He previously owned a successful company
SAN DIEGO, June 05, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA) announced today that financial advisors Todd Cousino, Nicholas Hawk and Charles Moyer have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch Cousino Wealth Advisors. The advisors reported serving approximately $265 million in advisory, brokerage and retirement plan assets* and join LPL from Ameriprise. Based in Brownstown, Mich., Cousino and Hawk have worked as a team since 2015, with Moyer joining in 2020. They built their practice based on a collaborative approach that draws on each advisor's professional skills and experience. Together, they offer comprehensive financial planning and we
SAN DIEGO, May 28, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Roger Frank and Michael Ward, CFP®, of Frank Financial Concepts have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $200 million in advisory, brokerage and retirement plan assets* and join LPL from Berthel Fisher & Co. Frank started his career as a financial professional in 1996, working for several investment firms before founding Frank Financial Concepts in 2003. Ward joined the industry as an admin right out of college, working his way up to owning his practice. He teamed up with Frank in 2018. With offices in Lincoln, Neb., and
SAN DIEGO, May 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Chris Kitaeff, CPFA, MBA, has joined LPL Financial's broker-dealer, RIA and custodial platforms. With the move to LPL, Kitaeff joins Maher Wealth Management as a managing director. He reported serving approximately $385 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch. Kitaeff is a second-generation advisor who fell in love with wealth management at a young age and followed his father's footsteps into the industry. He started his career on Wall Street as a hedge fund analyst before joining his father's practice in 2009. "It's been amazing getting
SAN DIEGO, May 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Logan Reed, CFP®, CEPA®, CIMA®, CLU®, AIF®, James "Jim" English III, Michael Allegra Jr., CRPC, and Matthew Fleming, CFP®, have launched a new independent practice, Thimble Island Private Wealth, through affiliation with LPL Financial's supported independence model, LPL Strategic Wealth Services. The team reported having served approximately $830 million in advisory, brokerage and retirement plan assets* while at Janney Montgomery Scott. Based in New Haven, Conn., the quartet of experienced advisors share a commitment to providing personalized, concierge-level service to their clients. Th
SAN DIEGO, March 20, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Mark McAnally, Josh McAnally and Brandon McAnally, CPA, have joined LPL Financial's broker-dealer, RIA and custodial platforms. The team reported serving approximately $250 million in advisory, brokerage and retirement plan assets* and joins LPL from Wells Fargo Advisors. Based in Booneville, Miss., McAnally Investment Group is a family-run business led by Mark, who began his career in 2000 as a solo practitioner. The practice evolved over the years to include Josh and Brandon, who left careers in real estate and accounting, respectively, to join their father and expand the firm's offer
SAN DIEGO, March 18, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced Christa Carone has joined the firm as Executive Vice President and Chief Marketing and Communication Officer. Carone leads the firm's Client and Prospect Marketing, Corporate Communication, Digital & Content Operations, and Brand teams. Carone's decades of marketing, communication and operational experience within financial services, digital media and advertising technology will help fast-track the evolution of LPL's brand and go-to-market strategy. She reports to Divisional President, Chief Growth Officer, Rich Steinmeier, and is based in San Diego. "The LPL value proposition for advisors and financial instit
SAN DIEGO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Sara Dadyar will join LPL in January as managing director and chief human capital officer. She will lead the firm's Human Capital function, Employment Brand Management and Culture and Talent departments, and serve as a member of the Management Committee. "Sara's breadth and depth of human resources leadership — matched with her people-first approach and commitment to solving for the greater good — will help us continue to make human capital a key contributor and strategic asset to the firm's success," said Dan Arnold, LPL president and CEO. "She will play an important role in our ongoing journey to attract
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Wells Fargo initiated coverage of LPL Financial with a rating of Equal Weight and set a new price target of $235.00
BofA Securities upgraded LPL Financial from Neutral to Buy and set a new price target of $268.00
Morgan Stanley upgraded LPL Financial from Equal-Weight to Overweight and set a new price target of $315.00 from $254.00 previously
Raymond James initiated coverage of LPL Financial with a rating of Underperform
TD Cowen initiated coverage of LPL Financial with a rating of Market Perform and set a new price target of $224.00
Redburn Atlantic initiated coverage of LPL Financial with a rating of Neutral and set a new price target of $240.00
Barclays initiated coverage of LPL Financial with a rating of Overweight and set a new price target of $275.00
Credit Suisse downgraded LPL Financial from Outperform to Neutral and set a new price target of $205.00 from $245.00 previously
Morgan Stanley downgraded LPL Financial from Overweight to Equal-Weight and set a new price target of $239.00 from $281.00 previously
UBS downgraded LPL Financial from Buy to Neutral
Key Financial Results Net Income was $244 million, translating to diluted earnings per share ("EPS") of $3.23, down 12% from a year agoAdjusted EPS* decreased 2% year-over-year to $3.88 Gross profit* increased 9% year-over-year to $1,079 millionCore G&A* increased 10% year-over-year to $371 millionAdjusted EBITDA* increased 2% year-over-year to $533 million Key Business Results Total advisory and brokerage assets increased 21% year-over-year to $1.5 trillion Advisory assets increased 25% year-over-year to $829 billionAdvisory assets as a percentage of total assets increased to 55.4%, up from 53.3% a year ago Total organic net new assets were $29 billion, representing 8% annualized growth
SAN DIEGO, July 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) (the "Company"), the parent corporation of LPL Financial LLC, announced today it will report second quarter financial results after the market closes on July 25. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible and available for replay at investor.lpl.com/events. Contacts Investor [email protected] Media [email protected] About LPL Financial LPL Financial Holdings Inc. (NASDAQ:LPLA) was founded on the principle that LPL should work for advisors and institutions, and not
Key Financial Results Net Income was $289 million, translating to diluted earnings per share ("EPS") of $3.83, down 10% from a year agoAdjusted EPS* decreased 6% year-over-year to $4.21 Gross profit* increased 5% year-over-year to $1,066 millionCore G&A* increased 11% year-over-year to $364 millionAdjusted EBITDA* decreased 5% year-over-year to $541 million Key Business Results Total advisory and brokerage assets increased 23% year-over-year to $1.44 trillion Advisory assets increased 28% year-over-year to $793 billionAdvisory assets as a percentage of total assets increased to 55.0%, up from 52.8% a year ago Total organic net new assets were $17 billion, representing 5
SAN DIEGO, April 09, 2024 (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 30. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible and available for replay at investor.lpl.com/events. Contacts Investor [email protected] Media [email protected] About LPL Financial LPL Financial Holdings Inc. (NASDAQ:LPLA) was founded on the principle that LPL should work for advisors and institutions, and no
Fourth Quarter 2023 Key Financial Results Net Income was $218 million, translating to diluted earnings per share ("EPS") of $2.85, down 28% from a year agoAdjusted EPS* decreased 17% year-over-year to $3.51 Gross profit* increased 4% year-over-year to $1,007 millionCore G&A* increased 11% year-over-year to $364 millionEBITDA* decreased 17% year-over-year to $445 million Fourth Quarter 2023 Key Business Results Total advisory and brokerage assets increased 22% year-over-year to $1.35 trillion Advisory assets increased 26% year-over-ye
SAN DIEGO, Jan. 11, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) (the "Company"), the parent corporation of LPL Financial LLC, announced today it will report fourth quarter financial results after the market closes on February 1. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible and available for replay at investor.lpl.com/events. Contacts Investor [email protected] Media [email protected] About LPL Financial LPL Financial Holdings Inc. (NASDAQ:LPLA) was founded on the principle that the firm should work for advisors and enterprises,
Key Financial Results Net Income was $224 million, translating to diluted earnings per share ("EPS") of $2.91, up 2% from a year agoAdjusted EPS* increased 19% year-over-year to $3.74 Gross profit* increased 21% year-over-year to $1,010 millionCore G&A* increased 15% year-over-year to $342 millionEBITDA* increased 11% year-over-year to $458 million Key Business Results Total advisory and brokerage assets increased 19% year-over-year to $1.24 trillion Advisory assets increased 22% year-over-year to $663 billionAdvisory assets as a percentage of total assets increased to 53.5%, up from 52.3% a year ago Total organic net new assets were $33 billion, representing 10.7% an
SAN DIEGO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) (the "Company"), the parent corporation of LPL Financial LLC, announced today it will report third quarter financial results after the market closes on October 26. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible and available for replay at investor.lpl.com/events. Contacts Investor [email protected] Media [email protected] About LPL Financial LPL Financial Holdings Inc. (NASDAQ:LPLA) was founded on the principle that LPL should work for advisors and enterprises, and no
Key Financial Results Net Income was $286 million, translating to diluted earnings per share ("EPS") of $3.65, up 85% from a year agoAdjusted EPS* increased 76% year-over-year to $3.94 Gross profit* increased 39% year-over-year to $990 millionCore G&A* increased 18% year-over-year to $337 millionEBITDA* increased 67% year-over-year to $519 million Key Business Results Total advisory and brokerage assets increased 16% year-over-year to $1.24 trillion Advisory assets increased 18% year-over-year to $662 billionAdvisory assets as a percentage of total assets increased to 53.3%, up from 52.5% a year ago Total organic net new assets were $22 billion, representing 7.4% annualized growth Prior
SAN DIEGO, July 06, 2023 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) (the "Company"), the parent corporation of LPL Financial LLC, announced today it will report second quarter financial results after the market closes on July 27. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. The conference call will be accessible at investor.lpl.com/events, with a replay available until August 17. Contacts Investor [email protected] Media [email protected] About LPL Financial LPL Financial Holdings Inc. (NASDAQ:LPLA) was founded on the principle that the firm should work for the advisor,