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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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 |
SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Randy Petrilli, Matt Goodwin, Travis Whitaker and Jeff McWhorter of Goodwin Petrilli Financial have joined LPL Financial's broker-dealer, RIA and custodial platforms. The advisors reported having approximately $205 million in advisory, brokerage and retirement plan assets*. They join LPL from Cambridge Investment Research. Based in Fort Collins, Co., the firm was founded in 1992 by Harry Goodwin, Matt's father, who retired last year after serving clients for more than three decades. The ensemble practice offers a comprehensive range of financial planning and investment management service
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, Oct. 21, 2024 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) today announced that the Board of Directors has confirmed Rich Steinmeier as Chief Executive Officer. Steinmeier, who had been interim CEO since October 1, was also elected a member of the Board. In addition, the Board named Matt Audette as President and Chief Financial Officer, expanding his previous role as Chief Financial Officer and Head of Business Operations. The appointments are effective immediately. "LPL is fortunate to benefit from an exceptionally strong team with leaders who have a clear vision for the continued success of the business," said Jim Putnam, chair of the LPL Financial Board
SAN DIEGO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that a group of advisors in St. Petersburg, Fla., have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $450 million in advisory and brokerage assets* and join LPL from Raymond James. Financial advisors Michael Collins, Jim Spicer, Ryan Roy, Gary Hummel, Robert Torris, David Zaccagnino, Steven Laesser and Mark Wolf, along with his son Logan Wolf, a registered assistant, operate independently while leveraging shared office space, best practices and approaches to client services. They offer a comprehensive suite of financial services that spans portfo
SAN DIEGO, Oct. 14, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisor Ashton Medina, CFA®, CFP®, has joined LPL Financial's broker-dealer and corporate RIA platforms, aligning with existing firm GradePoint Financial Group. He reported having served approximately $155 million in advisory, brokerage and retirement plan assets* and joins LPL from Synovus Securities. Based in Miami, Fla., Medina is in his fifth year as an advisor following an initial career as a portfolio manager at a private bank. He's committed to delivering a broad spectrum of wealth management and financial planning services, with a focus on education to help his clients better understand
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
SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA) announced today that financial advisors Michael Caffrey, CRPC®, Derek Keller, CFP®, CPFA®, CRPC®, MBA, and Gabriel Parham have launched a new independent practice, Air Capital Wealth Management, through affiliation with LPL Strategic Wealth Services, a supported independence model. The team reported having served approximately $685 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch. Based in Wichita, Kan., known as the Air Capital of the World, the advisors are longtime colleagues who each bring diverse experiences and perspectives to the team. Caffrey was mentored by his
SAN DIEGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ:LPLA) announced today that financial advisors Don Giovanello, Jr., and Gian Paolella, CFP®, with Morristown Wealth Management have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $340 million in advisory and retirement plan assets* and join LPL from Raymond James Financial Services. The Morristown, N.J., -based family practice was established in 2009 by Don Giovanello, Sr., a beloved advisor who sadly lost his battle to cancer in 2018. His son, Don Jr., grew up immersed in the business and joined the practice in 2010 right out of college. He credits his f
SAN DIEGO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the advisors at The Noble Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $2.1 billion in advisory, brokerage and retirement plan assets* and join LPL from Raymond James. Founded in 1996 by Tom Noble, AIF®, The Noble Group is a holistic wealth management firm that offers a range of financial services including corporate retirement plan consulting, financial planning, investment advice and portfolio management. With a team-oriented business model, the firm serves many high-net-worth families, retirees and business owners. Base
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4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
4 - LPL Financial Holdings Inc. (0001397911) (Issuer)
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
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
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.
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
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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
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
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8-K - LPL Financial Holdings Inc. (0001397911) (Filer)
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8-K - LPL Financial Holdings Inc. (0001397911) (Filer)
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8-K - LPL Financial Holdings Inc. (0001397911) (Filer)
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8-K - LPL Financial Holdings Inc. (0001397911) (Filer)
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