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.

With approximately $36B in client assets served by 550 advisors across almost 300 credit unions, CUNA Brokerage Services, Inc. will be one of the largest clients to join the LPL Financial platform With approximately $36B in client assets served by 550 advisors across almost 300 credit unions, CUNA Brokerage Services, Inc. will be one of the largest clients to join the LPL Financial platform

LPL Financial Welcomes CUNA Brokerage Services, Inc. to Its Institution Services Platform

CHARLOTTE, N.C., June 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced that the company has been ranked among the “Top 100 U.S. Companies Supporting Healthy Communities and Families,” an annual benchmarking report published by JUST Capital, a leading platform for measuring and improving corporate performance in the stakeholder economy.

UPDATE -- LPL Financial Ranked Among Top 100 Companies Supporting Healthy Communities and Families by JUST Capital

LPL Financial Ranked Among Top 100 Companies Supporting Healthy Communities and Families by JUST Capital

CHARLOTTE, N.C., June 09, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that financial advisors Mike Fuller and Rob Barber have joined LPL Financial's broker-dealer, hybrid (RIA) and custodial platforms, affiliating with Perennial Financial Services, an existing large enterprise serving LPL-affiliated advisors. Fuller and Barber reported having served approximately $155 million in advisory, brokerage and retirement plan assets*. They join LPL from Raymond James.

LPL Financial and Perennial Financial Services Welcome Advisors Mike Fuller and Rob Barber

SAN DIEGO, June 08, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Chief Financial Officer Matt Audette will present at the virtual Morgan Stanley US Financials, Payments & CRE Conference on June 15.

LPL Financial to Present at the Virtual Morgan Stanley US Financials, Payments & CRE Conference

Strong fundamentals, strategic acquisitions and solid balance sheet are expected to continue aiding LPL Financial (LPLA) stock in the upcoming quarters.

5 Reasons to Add LPL Financial (LPLA) Stock to Your Portfolio

CHARLOTTE, N.C., June 07, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Shawn Mihal has joined the firm as executive vice president, Institution Services. Mihal will be responsible for further expanding the capabilities and services LPL offers to institutions and their clients, as well as supporting institutions' executive leadership and advisors in their long-term growth aspirations. He will report to LPL Chief Customer Care Officer and Managing Director Dayton Semerjian, working from the firm's Carolinas office.

LPL Financial Hires Waddell & Reed's Shawn Mihal to Lead Institution Services

CHARLOTTE, N.C., June 01, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that financial advisor Ashley Dusek CFP® and the team at Benchmark Financial Services have joined LPL Financial's broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. They have aligned with Financial Advocates, an existing LPL firm that provides concierge-level services to independent advisors. Dusek and team reported having served approximately $150 million in advisory, brokerage and retirement plan assets*. They join from Avantax Investment Services, part of Blucora.

LPL Financial Welcomes Benchmark Financial Services

Strategic buyouts and recruiting efforts will keep supporting LPL Financial's (LPLA) financials in the quarters ahead, while mounting expenses act as a headwind.

Here's Why You Should Hold LPL Financial (LPLA) Stock for Now

CHARLOTTE, N.C., May 25, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that financial advisors Craig Zaleck and Mark Hogan of Bergen Point Wealth Management have joined LPL Financial's broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. They have aligned with Independent Network of Consultants & Advisors (INC Advisors), an existing large enterprise serving LPL-affiliated advisors. Zaleck and Hogan reported having served approximately $275 million in advisory, brokerage and retirement plan assets*. They join from First Allied, part of the Cetera network of broker-dealers.

LPL Financial and INC Advisors Welcome Bergen Point Wealth Management

CHARLOTTE, N.C., May 25, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Alisa Maute joins the firm as executive vice president, Advisor Growth Solutions, effective today. In her role, Maute will focus on growing and optimizing advisor adoption of LPL's platforms and consulting resources to grow their client relationships, while also playing an integral role setting the strategy and build-out of future wealth management offerings. She reports to Ed Fandrey, managing director and divisional president, Advisor Solutions.

LPL Financial Hires EVP, Advisor Growth Solutions

LPL Financial's (LPLA) April brokerage and advisory assets improve on solid markets and strategic buyout.

LPL Financial (LPLA) Records Improvement in April Assets

Total advisory and brokerage assets surpass $1 Trillion Total advisory and brokerage assets surpass $1 Trillion

LPL Financial Reports Monthly Activity For April 2021

The New RIA Has Selected LPL Financial as Custodian The New RIA Has Selected LPL Financial as Custodian

Industry Veterans Launch NJ-Based RIA Talisman Wealth Advisors

SAN DIEGO, May 18, 2021 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has completed its previously announced offering of $400 million of senior unsecured notes due 2031 (the “senior notes”).

LPL Financial Announces Completion of Senior Unsecured Notes Offering

CHARLOTTE, N.C., May 17, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that financial advisors Gena Barbato, Beth Woodward and Daniel Kundla CFP® have joined LPL Financial's broker-dealer, corporate registered investment advisor (RIA) and custodial platforms, aligned with Gladstone Wealth Partners, a large enterprise supporting LPL-affiliated advisors. The team reported having served approximately $215 million in advisory and brokerage assets*. They join LPL from UBS Financial Services.

LPL Financial and Gladstone Wealth Partners Welcome Women-Led Platinum Wealth Management of Buckhead

Florida advisor joins new Linsco by LPL Financial employee model Florida advisor joins new Linsco by LPL Financial employee model

LPL Financial Welcomes Financial Advisor Jeffrey Schiffman

CHARLOTTE, N.C., May 11, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced that financial advisor Glenn “Rob” DeHollander CFP®, has joined LPL Financial's broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. He reported having served approximately $130 million in advisory, brokerage and retirement plan assets*. He joins from Commonwealth Financial Network.

LPL Financial Welcomes Financial Advisor Rob DeHollander

SAN DIEGO, May 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), has priced its offering of $400 million in aggregate principal amount of senior unsecured notes (the “senior notes”). As previously announced, LPL Holdings intends to use the net proceeds from the senior notes offering, together with corporate cash, to repay borrowings on its existing revolving credit facility related to its acquisition of the wealth management business of Waddell & Reed Financial, Inc. on April 30, 2021, and to pay fees and expenses related to the senior notes offering.

LPL Financial Announces Pricing of Senior Unsecured Notes Offering

CHARLOTTE, N.C., May 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA) today announced that financial advisor Tom Zinckgraf and the team at Investment Strategies Advisors have joined LPL Financial's broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. Zinckgraf reported having served approximately $180 million in advisory, brokerage and retirement plan assets*. He joins from Wells Fargo Financial Advisors Network.

LPL Financial Welcomes Investment Strategies Advisors

SAN DIEGO, May 10, 2021 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced that its wholly owned subsidiary, LPL Holdings, Inc. (“LPL Holdings”), intends to offer approximately $400 million in aggregate principal amount of senior unsecured notes due 2031 (the “senior notes”). LPL Holdings intends to use the net proceeds from the senior notes offering, together with corporate cash, to repay borrowings on its existing revolving credit facility related to its acquisition of the wealth management business of Waddell & Reed Financial, Inc. on April 30, 2021, and to pay fees and expenses related to the senior notes offering. The launch and consummation of the senior notes offering are subject to market and other conditions.

LPL Financial Announces Proposed Senior Unsecured Notes Offering

CHARLOTTE, N.C., May 05, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced that two of its affiliated firms, Merit Financial and Pence Wealth Management, have been named to the Barron's Top 100 Private Wealth Management Teams list for 2021. Merit Financial, led by Rick Kent, is based in Alpharetta, Ga., and Pence Wealth Management, led by Laila Pence and Dyrden Pence, is based in Newport Beach, Calif.

Two LPL Financial Firms Named to Barron's Top 100 Private Wealth Management Teams List

CHARLOTTE, N.C. , May 05, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced that financial advisor Joel Drake has joined LPL Financial's broker-dealer, hybrid registered investment advisor (RIA) and custodial platforms, aligned with The Wealth Consulting Group, an existing LPL-affiliated OSJ group. He reported having served approximately $200 million in advisory, brokerage and retirement plan assets*. Drake joins LPL from FSC Securities, part of the Advisor Group network of broker-dealers.

LPL Financial and Wealth Consulting Group Welcome Financial Advisor Joel Drake

CHARLOTTE, N.C., May 03, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced that wealth management professionals at Kraner, LLC have joined LPL Financial, aligning with Independent Network of Consultants & Advisors (INC Advisors), an existing large enterprise serving LPL-affiliated advisors. The team reported having served more than $200 million in advisory, brokerage and retirement plan assets*, and joins LPL from Voya Financial Advisors.

LPL Financial and Inc Advisors Welcome Kraner, LLC

LPL Financial Holdings Inc. (LPLA) CEO Dan Arnold on Q1 2021 Results - Earnings Call Transcript

News for LPL Financial Hlds Stock (LPLA)