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LPL Financial Holdings Inc. - LPLA STOCK NEWS

Welcome to our dedicated page for LPL Financial Holdings news (Ticker: LPLA), a resource for investors and traders seeking the latest updates and insights on LPL Financial Holdings stock.

LPL Financial Holdings Inc. (Nasdaq: LPLA) is a premier player in the retail financial advice market, renowned for its independent broker-dealer services. Founded on the principle that the firm should serve advisors and institutions, LPL has built a robust platform that includes proprietary technology, comprehensive clearing and compliance services, practice management programs, and independent research. The company supports over 22,000 financial advisors and nearly 1,100 enterprises across the United States, including approximately 570 registered investment advisor (RIA) firms.

As of 2023, LPL's advisors manage over $1.3 trillion of client assets, reflecting the firm's substantial influence in the financial advisory domain. The company offers a wide range of services designed to help financial advisors and institutions thrive in their respective markets. These include brokerage and investment advisory services, retirement plan advisory, and customized financial planning.

LPL Financial is also committed to technological innovation. The company's proprietary tech solutions are crafted to enhance operational efficiency and client service quality. Recent achievements include the onboarding of the wealth management business of Crown Capital Securities, a full-service broker-dealer and RIA headquartered in Orange County, California. This acquisition is expected to bring approximately $5 billion of assets under LPL's management, further expanding its market reach.

LPL Financial consistently ranks as a leader in the independent broker-dealer sector. The firm has been recognized by Financial Planning Magazine as the largest independent broker-dealer based on total revenues from 1996 to 2015. Moreover, the company is one of the fastest-growing RIA custodians, underscoring its pivotal role in the financial services industry.

LPL's financial condition remains strong, with significant increases in advisory and brokerage assets. As of February 2024, the company reported $1.40 trillion in total assets, marking a 3.0% increase from the previous month. This growth is complemented by a 6.0% annualized growth rate in total net new assets for February, showcasing the firm's continued expansion and market penetration.

The company is also dedicated to supporting the growth and success of its advisors. LPL's extensive range of practice management programs and comprehensive training ensure that advisors are well-equipped to meet their clients' financial goals. Solutions such as the Liquidity & Succession platform and the integration of technology and business solutions help advisors streamline their operations and deliver superior client experiences.

LPL Financial maintains a strong commitment to its core values of independence and client-centric service. By providing advisors with the freedom to choose their business models, services, and technology resources, LPL ensures that they have the flexibility to run their practices on their terms. This client-first approach has solidified LPL's reputation as a trusted partner for financial advisors and institutions nationwide.

In summary, LPL Financial Holdings Inc. stands out for its comprehensive suite of services, technological innovation, and unwavering commitment to supporting the success of financial advisors and institutions. With its strong financial performance and strategic acquisitions, LPL continues to be a leader in the independent broker-dealer and RIA custodian markets.

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LPL Financial LLC: Roger Relucio, Pat Ruffa, and David Kraus launch Breakaway Wealth Management with $270 million in assets, joining LPL from Merrill Lynch. The team values simplicity and transparency, offering comprehensive and easy-to-understand financial strategies. They chose LPL's supported independence model, Strategic Wealth Services, to enhance client services and business development.
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LPL Financial LLC: Colleen Schuler, MBA, CFP® and John Gibson, CFP® join LPL Financial, bringing $205 million in assets from Fulton Financial Advisors. They launch Gibson Schuler Wealth Advisors, LLC, emphasizing client-centric wealth management. LPL's technology and support are key factors in their decision.
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LPL Financial LLC: Brendan Wood, CIMA®, Joins Linsco by LPL Financial to Launch Wood Wealth Management, Bringing $130 Million in Assets from Merrill Lynch
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LPL Financial LLC: Financial advisor John Klein CFP®, ChFC® launches new independent practice, Veritas Legacy Wealth, with $320 million in assets. Joined LPL's supported independence model, LPL Strategic Wealth Services, after moving from Merrill Lynch.
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LPL Financial announces the availability of direct indexing within its Model Wealth Portfolios (MWP) unified managed account program. The new strategy, announced at LPL's flagship event for financial professionals, Focus 2023, aims to make trading investment strategies more tax efficient and create personalized outcomes for clients. The offering includes custom indexed separately managed account (SMA) solutions with minimums of $100k and various equity options. LPL's direct indexing strategy will provide advisors with greater customization and control, including the option to tailor automatically-recurring tax harvesting strategies unique to each client's MWP portfolio.
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LPL Financial's Focus 2023 conference is underway in San Diego, providing financial professionals with insights and inspiration. The conference focuses on growth opportunities, improving the investor experience, and utilizing emerging tools and technologies. LPL unveils new initiatives to support its financial professionals, including advancements in AI capabilities and technology tools to enhance the advisor and investor experience. Expanded holistic advice solutions and performance optimization services are also introduced to help advisors accelerate growth and drive operational efficiency.
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LPL Financial LLC: Financial Advisor Richard Donahue Rejoins with $100 Million in Assets, 57 Years Experience, and Office Staff
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FAQ

What is the current stock price of LPL Financial Holdings (LPLA)?

The current stock price of LPL Financial Holdings (LPLA) is $326.85 as of November 22, 2024.

What is the market cap of LPL Financial Holdings (LPLA)?

The market cap of LPL Financial Holdings (LPLA) is approximately 24.3B.

What services does LPL Financial offer?

LPL Financial provides brokerage and investment advisory services, retirement plan advisory, compliance and clearing services, and customized financial planning.

How many financial advisors does LPL support?

LPL Financial supports over 22,000 financial advisors and nearly 1,100 enterprises across the United States.

What is the total value of assets managed by LPL advisors?

As of 2023, LPL's advisors manage over $1.3 trillion in client assets.

What recent acquisitions has LPL Financial made?

LPL Financial recently acquired the wealth management business of Crown Capital Securities, expected to bring approximately $5 billion in assets under management.

What is LPL Financial's commitment to technology?

LPL Financial is dedicated to technological innovation, offering proprietary tech solutions to enhance operational efficiency and client service quality.

What are LPL Financial's core values?

LPL Financial's core values include independence, client-centric service, and providing advisors with the freedom to choose their business models and technology resources.

How does LPL Financial support the growth of its advisors?

LPL Financial offers extensive practice management programs, comprehensive training, and solutions like the Liquidity & Succession platform to help advisors streamline operations and deliver superior client experiences.

What is the significance of LPL's market position?

LPL Financial is recognized as the largest independent broker-dealer based on total revenues from 1996 to 2015 and is one of the fastest-growing RIA custodians.

How does LPL ensure the success of its advisors?

LPL provides advisors with the tools, resources, and flexibility needed to manage their practices and client relationships effectively, ensuring their success.

What are LPL's recent financial performance highlights?

LPL reported $1.40 trillion in total assets as of February 2024, marking a 3.0% increase from the previous month. The firm also achieved a 6.0% annualized growth rate in total net new assets for February.

LPL Financial Holdings Inc.

Nasdaq:LPLA

LPLA Rankings

LPLA Stock Data

24.33B
73.63M
0.68%
97.11%
1.21%
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United States of America
SAN DIEGO