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.

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Were Hedge Funds Wrong About Piling Into LPL Financial Holdings Inc (LPLA)?

Blaze Portfolio's innovative trading and portfolio rebalancing software will be integrated into LPL's core technology platform, delivering a sophisticated solution to help drive efficiency and scale in advisors' practices Blaze Portfolio's innovative trading and portfolio rebalancing software will be integrated into LPL's core technology platform, delivering a sophisticated solution to help drive efficiency and scale in advisors' practices

LPL Acquires Fintech Firm Blaze Portfolio

CHARLOTTE, N.C., Oct. 26, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisors Michael and Patrick O'Reilly have joined LPL Financial's broker-dealer and corporate RIA platforms, leveraging LPL as custodian. The father and son team reported having served approximately $150 million in advisory and brokerage assets*. They join LPL from Securities Service Network, part of the Advisor Group network of broker-dealers.

LPL Financial Welcomes Father-son Advisors Michael and Patrick O'reilly

CHARLOTTE, N.C., Oct. 22, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that the wealth management program at CenterState Bank has joined LPL's Institution Services through the bank's merger with LPL client, South State Bank. The advisors reported having served approximately $350 million in brokerage and advisory assets*. The program was previously affiliated with NBC Securities.

LPL Financial Welcomes Eight Advisors after CenterState Bank, South State Bank Merger

CHARLOTTE, N.C., Oct. 19, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Tagge Rutherford Financial Group has joined LPL Financial's broker-dealer and corporate RIA platforms, which leverage LPL as custodian. The large enterprise firm reported having served approximately $1 billion in advisory and brokerage assets*. They join LPL from Cetera.

LPL Financial Welcomes Tagge Rutherford Financial Group

CHARLOTTE, N.C., Oct. 15, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisors Tom and Bill Smothers have joined LPL Financial’s broker-dealer and corporate RIA platforms, which leverage LPL as custodian. The father and son team reported having served approximately $220 million in retirement plan, brokerage and advisory assets*. They join LPL from KMS Financial Services, part of the Advisor Group network of broker-dealers.

LPL Financial Welcomes Father-Son Advisors Tom and Bill Smothers

CHARLOTTE, N.C., Oct. 13, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced the firm’s Model Wealth Portfolios (MWP) advisory platform has been named a finalist for the Wealth Management Platform of the Year category as part of the 2020 Money Management Institute (MMI)/Barron’s Industry Awards. Platform of the Year honors wealth management firms whose investment advisory platforms exemplify innovation in delivering better outcomes for investors and financial advisors.

LPL Financial Selected as Finalist for MMI’s Wealth Manager Platform of the Year Award

CHARLOTTE, N.C., Oct. 13, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, today announced that the firm is hosting its annual women’s conference virtually and has opened up what was once a gathering of approximately 150 women into a free event for the entire network of women advisors, program managers and licensed sales assistants affiliated with LPL. Women Lead: eForum began last week and continues through Oct. 30, with nearly 700 attendees registered to participate.

LPL Financial Hosts Virtual Women’s Conference Throughout October

CHARLOTTE, N.C., Oct. 12, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Thomas Cappello, CFA has joined the firm as executive vice president and chief risk officer, effective Oct. 12. In his new role, Cappello is responsible for LPL’s risk functions, including Enterprise Risk Management, Business Risk Management and Product Risk Management. He reports to Michelle Oroschakoff, LPL managing director and chief legal officer and is based at the firm’s Carolinas location.

Thomas Cappello, CFA Joins LPL Financial as Executive Vice President and Chief Risk Officer

CHARLOTTE, N.C., Oct. 12, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisor Rajat Rajan CFP®, AIF of the newly-minted Tranquil Advisors has joined LPL Financial’s broker-dealer and corporate RIA platform, leveraging LPL as a custodian. He is aligned with Gladstone Financial Resources Group, a large enterprise on LPL’s corporate RIA platform. Rajan reported having served approximately $125 million in brokerage, advisory and retirement plan assets*. He joins from Wells Fargo Advisors.

LPL Financial and Gladstone Financial Resources Group Welcome Advisor Rajat Rajan

CHARLOTTE, N.C., Oct. 07, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, registered investment advisor (RIA) custodian and independent broker-dealer, announced that the wealth management division located at GreenState Credit Union has joined the Institution Services platform at LPL Financial. They will also be aligned with Financial Resources Group Investment Services to assist with client service and growth. GreenState Wealth Management’s advisors served approximately $350 million in brokerage, advisory and retirement plan assets*. Five of GreenState Wealth Management’s financial advisors were previously affiliated with Cambridge Investment Research, and a sixth advisor joins from Royal Alliance, part of the Advisor Group network of broker-dealers.

LPL Financial and Financial Resources Group Welcome GreenState Wealth Management

CHARLOTTE, N.C., Oct. 06, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that eight of its affiliated advisors have been selected as a Top Wealth Advisor Mom on a list recently released by Working Mother magazine and SHOOK Research.

LPL Financial Advisors Named ‘Top Wealth Advisor Moms’

CHARLOTTE, N.C., Oct. 05, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Reason Financial has joined LPL Financial’s broker-dealer and hybrid RIA platform, leveraging LPL as a custodian. They are affiliated with Merit Financial Group, an existing LPL enterprise firm. The team reported having served more than $200 million in brokerage, advisory and retirement plan assets*. They are the second team join Merit from Avantax Wealth Management, part of Blucora.

LPL Financial and Merit Financial Group Welcome Reason Financial

CHARLOTTE, N.C., Oct. 01, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisor Lynn L. Chen-Zhang of Zhang Financial in Portage, Mich. has received the 2020 Invest in Others Lifetime Achievement Award, one of five awards presented virtually during the 14th Annual Invest in Others Awards. She earned the honor for her charitable work with the Western Michigan University Foundation, which received a $55,000 donation from the Invest in Others Charitable Foundation, the highest amount awarded among the five categories.

LPL Financial Congratulates Advisor on Lifetime Achievement Award for Charitable Work

SAN DIEGO, Oct. 01, 2020 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian LPL Financial LLC, announced it will report third quarter financial results after the market closes on Oct. 29. The Company will host a conference call to discuss its results at 5 p.m. ET the same day. Listeners can call 877-677-9122 (domestic) or 708-290-1401 (international) and use passcode 2390337.

LPL Financial Announces Third Quarter 2020 Earnings Release Date and Conference Call

CHARLOTTE, N.C., Sept.  29, 2020  (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Hendrix Group Financial Services has joined LPL Financial’s broker-dealer and corporate RIA platforms, which leverage LPL as custodian. The advisors reported having served approximately $180 million in advisory and brokerage assets*. They join LPL from Securities Service Network, part of the Advisor Group network of broker-dealers.

LPL Financial Welcomes Hendrix Group Financial Services

CHARLOTTE, N.C., Sept.  28, 2020  (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that four independent registered investment advisors (RIAs) who partner with LPL as their primary custodian have been named to Barron’s 2020 Top 100 RIA Firms ranking.

Barron’s Ranks LPL Financial-Affiliated Rias Among Top 100 Firms

CHARLOTTE, N.C., Sept.  22, 2020  (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisors Marc DeCicco and Tad M. Wilson have launched their independent practice, North Bend Wealth Management, through affiliation with LPL Strategic Wealth Services, LPL’s new affiliation model designed to support the unique needs of experienced advisors moving from wirehouses to independence. The advisors will leverage LPL’s broker-dealer, corporate RIA and custodial platforms, and through their affiliation with LPL Strategic Wealth Services, they will receive ongoing, personalized support from LPL professionals for day-to-day operations as well as long-term business management. The advisors reported having served approximately $225 million in advisory, brokerage and retirement plan assets*. They join from Wells Fargo Advisors.

North Bend Wealth Management Launches With Support of LPL Strategic Wealth Services

CHARLOTTE, N.C., Sept.  16, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that SGC Financial and Insurance Services has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, which leverages LPL as custodian. The group of 13 financial advisors reported having served more than $1 billion in advisory, brokerage and retirement plan assets*. They join LPL from Securian Financial.

LPL Financial Welcomes SGC Financial and Insurance Services

CHARLOTTE, N.C., Sept.  15, 2020  (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that four of its affiliated advisors have been ranked on the 2020 list of the Top 100 Independent Financial Advisors in America published in Barron’s.

LPL Financial Advisors Ranked Among Top 100 Independent Advisors Nationwide

SAN DIEGO, Sept.  15, 2020  (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker-dealer  LPL Financial  LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. ( Nasdaq: LPLA ), today released its monthly activity report for August 2020.

LPL Financial Reports Monthly Activity for August 2020

CHARLOTTE, N.C., Sept.  14, 2020  (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that JTL Wealth Partners has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platform, which leverages LPL as custodian. The advisors reported having served approximately $250 million in brokerage and advisory assets*. They join from Waddell & Reed Financial.

LPL Financial Welcomes JTL Wealth Partners

CHARLOTTE, N.C., Sept.  10, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisor Anthony “Tony” Frigoletto has launched his new independent practice, River’s Edge Wealth Partners, affiliating with  LPL Strategic Wealth Services , LPL’s new affiliation model designed to support the unique needs of veteran advisors seeking independence. River’s Edge Wealth Partners will leverage LPL’s broker-dealer, corporate RIA and custodial platforms, while also receiving ongoing business management services and support from LPL. Frigoletto reported that his team served approximately $500 million in advisory, brokerage and retirement plan assets*. They join from Wells Fargo Advisors.

River’s Edge Wealth Partners Launches With Support of LPL Strategic Wealth Services

CHARLOTTE, N.C., Sept.  08, 2020  (GLOBE NEWSWIRE) --  LPL Financial LLC , a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisor Forrest Williams Jr. of The Opus Group of Virginia has joined LPL Financial’s broker-dealer and the corporate registered investment advisor (RIA) platform, which leverages LPL as custodian. He reported having served approximately $150 million in brokerage, advisory and retirement plan assets*. He joins from MML Investors Services.

LPL Financial Welcomes Financial Advisor Forrest Williams, Jr.

CHARLOTTE, N.C. , Sept.  03, 2020  (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Jess Murphy CFP® and Nathan Murphy CFP® have joined LPL Financial’s broker-dealer and the corporate registered investment advisor (RIA) platform, leveraging LPL as custodian. The advisors reported having served approximately $200 million in brokerage and advisory assets. They join from Cadaret, Grant & Co.

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