Welcome to our dedicated page for Lpl Financial news (Ticker: LPLA), a resource for investors and traders seeking the latest updates and insights on Lpl Financial stock.
LPL Financial Holdings Inc. (Nasdaq: LPLA) provides essential technology and support services to over 22,000 financial advisors nationwide. This page serves as the definitive source for official company announcements, financial results, and strategic developments.
Access real-time updates including quarterly earnings disclosures, regulatory filings, and technology initiatives that shape the advisor-mediated wealth management landscape. Our curated collection ensures investors and professionals stay informed about operational milestones, partnership agreements, and compliance updates critical to understanding LPLA's market position.
Explore press releases covering advisor recruitment trends, platform enhancements, and industry thought leadership. All content is sourced directly from LPL Financial's corporate communications, maintaining factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to LPLA's financial narrative. For historical context, combine these updates with our detailed company profile analyzing LPLA's broker-dealer business model and competitive differentiators.
LPL Financial announced the expanded roles of Managing Directors Matt Enyedi and Matt Audette to enhance client interactions and operational capabilities. Enyedi will lead the newly formed Client Success team, focusing on improving advisor satisfaction. Audette will expand his responsibilities as CFO and head of Business Operations, overseeing risk and compliance functions. The changes aim to create a more integrated experience for LPL’s financial advisors and institutional clients, aligning with the firm's strategy centered on the advisor-mediated marketplace. These roles leverage their extensive experience to support over 21,000 financial advisors.
SAN DIEGO, Feb. 14, 2023, LPL Financial LLC, a subsidiary of LPL Financial Holdings (Nasdaq: LPLA), reported a 4.9% increase in total advisory and brokerage assets, reaching $1.16 trillion by January 31, 2023. The firm welcomed $8.6 billion in net new assets, boosted by $3.2 billion from acquiring Boenning & Scattergood. Organic net new assets totaled $5.4 billion, reflecting a 5.8% annualized growth rate. However, total client cash balances declined to $59.7 billion, a drop of $4.4 billion from December 2022, despite a monthly record-high net buying of $11.1 billion. The report highlights robust asset inflows alongside a concerning decrease in cash balances.
LPL Financial has welcomed Legacy Financial Group to its broker-dealer and RIA platform. Legacy Financial, based in Albuquerque, NM, manages approximately $225 million in advisory, brokerage, and retirement plan assets. Founded in 1995, the firm focuses on empowering clients through comprehensive wealth management and financial planning. Managing partners Cris Giron and Eddie Fernandez emphasize a fiduciary approach that aligns with LPL’s values. The partnership aims to strengthen Legacy's position as a leading financial planner in New Mexico, with LPL committed to providing tailored solutions for its advisors.
LPL Financial has launched its Partial Book Sales service, enabling advisors to reshape their business efficiently. This new offering allows advisors to identify and transfer client accounts seamlessly through a digital platform, providing an upfront payout upon approval. By simplifying the process, LPL aims to help advisors reclaim time and enhance their client relationships. The service is available to all corporate RIA-affiliated LPL advisors, following other recent offerings like bookkeeping and paraplanning services. LPL supports over 21,000 financial advisors, emphasizing personalized guidance and an advisor-centered model.
LPL Financial has launched a new service called Partial Book Sales, designed to help financial advisors reshape their business efficiently. This offering allows advisors to transfer client accounts seamlessly while maintaining client relationships through LPL’s Investor Focused Solutions team. The service aims to enable advisors to focus on strategic growth, mergers, and acquisitions, and enhance their capacity for essential business activities. This initiative follows previous service launches aimed at supporting advisors in optimizing their practices. LPL serves over 21,000 financial advisors and continues to strengthen its advisor-centric model.
LPL Financial LLC (Nasdaq: LPLA) has announced that CFO Matt Audette will present at the Credit Suisse 24th Annual Financial Services Forum on February 14, 2023, at 11:05 a.m. ET. A live audio webcast of the presentation will be available at investor.lpl.com, with a replay accessible until March 7. This event highlights LPL's continued commitment to transparency and investor engagement in the financial services sector.
LPL Financial Holdings Inc. (LPLA) reported robust fourth quarter 2022 results, achieving a net income of $319 million, or $3.95 per share, marking a 199% increase YoY. Diluted EPS before amortization rose to $4.21, up 158% from the previous year. The gross profit increased by 51% to $972 million. However, total advisory and brokerage assets dropped 8% YoY to $1.11 trillion. For the full year 2022, net income reached $846 million, with diluted EPS of $10.40, a rise of 85% YoY. The company announced a 20% increase in its quarterly dividend to $0.30 per share starting Q1 2023 and highlighted strategic acquisitions to enhance growth.
LPL Financial Holdings (NASDAQ: LPLA) has successfully completed the acquisition of Financial Resources Group Investment Services (FRGIS) as of February 1, 2023. This strategic move enhances LPL's presence with approximately 800 advisors and 85 financial institutions, managing about $40 billion in client assets. FRGIS will operate independently while leveraging LPL's resources to improve client service and attract new business. This acquisition is poised to bolster LPL's expansion in community-based financial sectors and independent advisor offices, symbolizing a deepened collaboration with a valued partner.
LPL Financial has successfully completed the acquisition of Boenning & Scattergood's Private Client Group, enhancing its advisory capabilities with approximately $4 billion in client assets. This acquisition, structured as an asset purchase, allows Boenning & Scattergood to maintain its brand while benefitting from LPL's advanced advisory platform. LPL aims to support over 21,000 financial advisors by providing industry-leading technology and operational resources. The transaction aligns with LPL’s strategy to expand its Linsco employee advisor model, which commenced in 2019 and aims for further revenue growth through integration.
LPL Financial (Nasdaq: LPLA) welcomed financial advisor Jonathan Blakelock, who brings approximately $180 million in advisory and brokerage assets, to its platforms. Blakelock, based in Kingwood, Texas, previously worked at Ameriprise and serves over 400 clients across 17 states. A veteran and graduate of the University of Houston's Cougar Investment Fund, he aims to enhance client experiences with LPL's advanced planning tools and flexibility. Scott Posner, LPL's Executive VP, expressed pride in providing resources that help advisors like Blakelock deliver superior services.
