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 Holdings reported a strong Q3 2022, with net income of $232 million and diluted EPS of $2.86, marking a 127% increase year-over-year. Gross profit rose by 33% to $838 million, while EBITDA soared 84% to $414 million. Despite a 8% decline in total advisory and brokerage assets to $1.04 trillion, organic net new assets grew by $20 billion annually. The company expanded its share repurchase program, increasing authorization by $2 billion starting in 2023, and declared a $0.25 dividend per share.
LPL Financial announces that Chris Albright, a financial advisor from Astra Wealth Advisors, has joined its broker-dealer and RIA platforms. Albright brings approximately $192 million in advisory, brokerage, and retirement assets. His move aims to enhance client services alongside advisor Kimberly Santarsiero. The partnership is driven by LPL's technological investments, which Albright views as crucial for competitive advantage in the industry. With nearly 30 years of experience, Albright's focus remains on comprehensive financial planning for high-net-worth clients.
LPL Financial announces that financial advisor Chip Marcus has joined its employee advisor channel, Linsco by LPL Financial. Marcus, with over 22 years of experience and approximately $230 million in advisory assets, aims to grow his business by establishing Chip Marcus Wealth Management Powered by LPL Financial. He appreciates Linsco's flexibility, enabling him to focus on client needs while benefiting from extensive support including marketing and technology resources. This strategic move is expected to enhance his client service capabilities and overall business growth.
LPL Financial has announced the launch of a new independent practice, The Albany Group, by financial advisors Beau Jones, Chris Story, Taylor Roberts, and Joseph Montgomery. They bring approximately $375 million in advisory, brokerage, and retirement assets from Raymond James and Associates. The Albany Group aims to provide holistic investment advice, emphasizing core values like reliability and community. The advisors chose LPL for its blend of autonomy and resources, benefiting from its Strategic Wealth Services model, which offers comprehensive support for business growth.
LPL Financial Holdings Inc. (Nasdaq: LPLA) announced it will release its third quarter financial results on October 27 after market close. A conference call to discuss these results is scheduled for 5 p.m. ET the same day. Investors can access the call through the company’s investor relations website, with a replay available until November 17.
LPL Financial supports nearly 21,000 financial advisors across various platforms, reinforcing its commitment to an advisor-centered model, while maintaining its position as a leading independent broker-dealer in the U.S.
LPL Financial has welcomed Alexander "Alex" Guiliano, CFA, who has launched his independent practice, Resonate Wealth Partners, through LPL's Strategic Wealth Services. Guiliano, who has serviced approximately $1 billion in advisory assets, aims to provide tailored financial solutions for multi-generational families. The approach focuses on personal relationships and client-centric strategies. LPL offers extensive support, allowing advisors to prioritize their clients while benefiting from comprehensive resources to enhance their business operations.
LPL Financial announces that Bodnar Financial Advisors has joined its broker-dealer and custodial platforms, managing approximately $300 million in assets. Founded in 1988, Bodnar Financial emphasizes fiduciary principles, focusing on personalized financial strategies. The team, led by John Bodnar, values client relationships and plans to utilize LPL’s independence and tools to enhance their services. Scott Posner from LPL welcomed the new advisors, emphasizing LPL’s commitment to empowering financial advisors and enhancing client connections.
LPL Financial has introduced Bookkeeping Services to enhance support for its advisors, allowing them to make informed business decisions with accurate financial reporting. The service pairs advisors with trained bookkeepers familiar with industry standards, saving time and ensuring precise record-keeping. This new offering is available to all LPL advisors, with a waived onboarding fee for a limited time. The launch aligns with LPL's mission to empower advisors through innovative services, building on previous introductions like Paraplanning Services and the Private Client Services Network.
LPL Financial announces the addition of financial advisor Marianela “Nela” Silva to its platforms. Silva, based in Orange, California, brings approximately $120 million in advisory assets from Wells Fargo Advisors. With over 15 years of experience, she focuses on holistic wealth-building strategies, particularly for families and small business owners in the Hispanic community. Silva intends to enhance her services through LPL's resources and community support, aiming to improve client experiences and address diverse needs.
LPL Financial (Nasdaq: LPLA) has announced several appointments within its Research team. Marc Zabicki has been named chief investment officer, continuing his leadership role after nearly two years as director of research. Quincy Krosby becomes chief global strategist, focusing on macroeconomic conditions, while Jeff Buchbinder steps in as chief equity strategist. The LPL Research team aims to provide insightful analysis on investment strategies, portfolio management, and market conditions to help advisors navigate financial landscapes effectively.
