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 |
|---|---|---|---|
| 10/9/2024 | $235.00 → $285.00 | Equal Weight → Overweight | Wells Fargo |
| 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 |
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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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Wells Fargo upgraded LPL Financial from Equal Weight to Overweight and set a new price target of $285.00 from $235.00 previously
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
SAN DIEGO, Nov. 21, 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 October 2024. Total advisory and brokerage assets at the end of October were $1.67 trillion, an increase of $81.2 billion, or 5.1%, compared to the end of September 2024. Total net new assets for October were $96.6 billion, which included $88.0 billion of acquired net new assets resulting from the acquisition of Atria Wealth Solutions, Inc. ("Atria") and $0.3 billion of acquired net new assets resulting from Liquidity & Succession activity. Total organic net new assets for
SAN DIEGO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Anthony "Tony" Campagni, CFP®, Ronald Jurczynski, CPA/PFS™, Mitchell Romeo, CPWA®, CPFA®, Kyle Hancharick, CFP®, and Dominic Elmo of Ohio-based Strata Financial Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. The advisors reported serving more than $350 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Strata Financial Group was founded in 1998 by Campagni and the late Rino Romeo — Mitchell Romeo's uncle — and currently operates in two Ohio locations: Sheffield Village, where the team serves the greater Clevelan
NEWARK, N.J. and SAN DIEGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Prudential Advisors, the retail arm of Prudential Financial, Inc. (NYSE:PRU) and LPL Financial Holdings Inc. (NASDAQ:LPLA) finalized today the launch of their strategic relationship, first announced in August 2023. This first-of-its-kind relationship between Prudential and LPL enhances the client and financial advisor experience, expands advisor offerings and will accelerate growth opportunities for both firms. Following the transition of Prudential's retail broker-dealer and registered investment advisory services and operations to LPL Enterprise LLC, an affiliate of LPL Financial Holdings Inc., LPL now supports m
SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at Prosperity Investment Management have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having approximately $140 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. Based in a renovated historic building in downtown Chico, Calif., Prosperity Investment Management was founded by seasoned financial advisor Robert "Rob" B. Anderson, CFP®. His son, RJ Anderson, CPA, joined the business in 2020 following an initial career in accounting and now leads the firm as a financial advisor. They offer a broad spectrum of financial
NEW ORLEANS, Nov. 13, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC hosted its annual conference for bank and credit union program managers who run their financial institutions' wealth management practices. Attended by more than 150 clients of LPL's Institution Services business, the conference fosters innovation and collaboration among wealth management leaders. "To further enhance stakeholder value, banks and credit unions increasingly recognize the benefit of offering clients and members sophisticated and personalized financial advisory services. That's why we're committed to pushing the boundaries and redefining what success looks like in wealth management," said Ken Hullings, EVP, Insti
SAN DIEGO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Ryan Kirby, CFP®, and Michael Alvarez have joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with existing firm Seapoint Wealth Advisors (Seapoint). Kirby and Alvarez reported serving approximately $540 million in advisory, brokerage and retirement plan assets,* and they join LPL from U.S. Bank. Based in San Diego, Kirby and Alvarez are longtime colleagues who built their practices on the foundation of personal connections and a commitment to making a positive impact in the lives of their clients. With Kirby serving as a mentor to Alvarez early on, they now emba
SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leader in the wealth management industry, is helping its advisors spend more time on what matters with the launch of a curated program – AI Advisor Solutions – designed to help advisors maximize their days, deliver bespoke client experiences, and leverage data to provide more sophisticated and personalized financial advice. Nearly a third of financial advisors say they do not have enough time to spend with clients, according to J.D. Power's 2023 U.S. Financial Advisor Satisfaction Study. Advancements in the automation of repetitive activities and the potential of generative artificial intelligence (AI) have sparked hope for
SAN DIEGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at Nexus Wealth Partners have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $410 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Westlake Village, Calif., the team is led by managing partners Scott D. Nelson, CFP®, MBA, and Kamie Abraham, CFP®, MBA, and includes four support staff members. For 18 years, Nelson has assisted business owners, corporate executives, retirees and wealthy multigenerational families make informed decisions while accumulating and preserving their wealt
SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at S&G Wealth Partners have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $165 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Tempe, Ariz., the firm is led by financial advisors Scott Garber and Marcus Seiter, with support from Nicole Kennedy, who will become a partner in January. The advisors each have more than 20 years of experience in the financial services industry. Garber, who started his career as an elementary school teacher, focuses on financial education, wealth
SAN DIEGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA), announced today that financial advisor Michael Bernier, CFP®, AIF®, has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch GWC Financial Advisors. He reported serving approximately $165 million in advisory, brokerage and retirement plan assets* and joins LPL from Canter Wealth. He will operate from the Linsco office in San Diego. With more than 20 years of experience in wealth management, Bernier helps clients work toward their goals using meticulous financial planning. His deep understanding of personal finance enables him to develop strategic approaches in the areas of tax strate
SAN DIEGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at Nexus Wealth Partners have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $410 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Westlake Village, Calif., the team is led by managing partners Scott D. Nelson, CFP®, MBA, and Kamie Abraham, CFP®, MBA, and includes four support staff members. For 18 years, Nelson has assisted business owners, corporate executives, retirees and wealthy multigenerational families make informed decisions while accumulating and preserving their wealt
SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at S&G Wealth Partners have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $165 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Tempe, Ariz., the firm is led by financial advisors Scott Garber and Marcus Seiter, with support from Nicole Kennedy, who will become a partner in January. The advisors each have more than 20 years of experience in the financial services industry. Garber, who started his career as an elementary school teacher, focuses on financial education, wealth
SAN DIEGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA), announced today that financial advisor Michael Bernier, CFP®, AIF®, has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch GWC Financial Advisors. He reported serving approximately $165 million in advisory, brokerage and retirement plan assets* and joins LPL from Canter Wealth. He will operate from the Linsco office in San Diego. With more than 20 years of experience in wealth management, Bernier helps clients work toward their goals using meticulous financial planning. His deep understanding of personal finance enables him to develop strategic approaches in the areas of tax strate
SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at Dougherty, Tedesco & Associates have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $800 million in advisory, brokerage and retirement plan assets,* and join LPL from Osaic. Founded in the early 1980s by Charlotte Dougherty, CFP®, the business has evolved over the years to into a holistic wealth management firm and cornerstone of the greater Cincinnati area. Now under the leadership of advisors Andrew Tedesco, CFP®, and John Dougherty, III, MBA, CFP®, CRPC®, the firm offers a comprehensive range of wealth advisory services,
SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisor William "Bill" Fenwick of Fenwick Financial has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported serving approximately $210 million in advisory, brokerage and retirement plan assets,* and joins LPL from First Kentucky Securities. Based in Louisville, Ky., Fenwick is a retired U.S. Marine Corps officer with 38 years of experience in the financial services industry. He believes his military experience, coupled with his astute study of the markets and economy, shaped his ability to guide clients through market fluctuations and build personal relationships that
SAN DIEGO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the advisors with Bury Financial Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $655 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. President and Managing Partner Todd Bury founded the Youngstown, Ohio-based practice in 1992 while he was a sophomore in college. He earned his financial planning license by age 20 and steadily grew his client base, operating as a one-man shop for more than a decade. In 2006, Bury partnered with Vice President/ Managing Partner Brian Laraway, who shared his values an
SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Kultar S. "Sid" Bindra, CFP®, and Steven Alvarez have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch The Bindra Group. They reported serving approximately $300 million in advisory, brokerage and retirement plan assets* and join LPL from Truist Financial. Based in Tampa, Fla., Bindra's path to wealth management started in college when he worked 56 hours a week selling phones. "I didn't have financial aid or qualify for a grant due to my family's pending immigration status, so I worked seven days a week to save for my education," Bindra said. "I learned all a
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
Key Financial Results Net Income was $255 million, translating to diluted earnings per share ("EPS") of $3.39, up 16% from a year agoAdjusted EPS* increased 11% year-over-year to $4.16 Gross profit* increased 12% year-over-year to $1,128 millionCore G&A* increased 5% year-over-year to $359 million Adjusted EBITDA* increased 12% year-over-year to $566 million Key Business Results Total advisory and brokerage assets increased 29% year-over-year to $1.6 trillion Advisory assets increased 35% year-over-year to $892 billionAdvisory assets as a percentage of total assets increased to 56.0%, up from 53.5% a year ago Total organic net new assets were $27 billion, representing 7% annualized grow
SAN DIEGO, Oct. 09, 2024 (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 Wednesday, October 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 the firm should work for advisors and insti
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