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 (Nasdaq: LPLA) announced the launch of Tower 68 Financial Advisors, led by CEO Ken South, as a new independent practice affiliated with LPL's Strategic Wealth Services. Tower 68, transitioning from Oppenheimer, serves approximately $550 million in assets, emphasizing personalized client management and robust online tools. South, with a background in financial education, values LPL’s support in enhancing client experiences. The SWS model offers comprehensive operational support, enabling the firm to focus on client needs while maximizing business growth.
LPL Financial welcomes Everett Ice and his team from Ice Capital Management to its platforms, bringing approximately $135 million in advisory and brokerage assets. Ice, who has two decades of financial advising experience, aims to enhance client service with LPL's flexible resources and integrated ClientWorks platform. The transition from Wells Fargo Advisors reflects a commitment to improved financial planning services. LPL continues to expand its advisor network and support more than 19,000 financial advisors nationwide.
LPL Financial announced that Chief Financial Officer Matt Audette will present at the UBS Financial Services Virtual Conference on August 11, 2021, at 1:00 p.m. ET. The event will include a live audio webcast available at investor.lpl.com. A replay will be accessible two hours after the presentation and will remain available until September 10, 2021.
LPL Financial is a leading firm supporting over 19,000 financial advisors across the U.S., with a strong commitment to an advisor-centered model.
LPL Financial (Nasdaq: LPLA) has commenced its annual Focus conference, attracting over 13,000 participants, including advisors and institutional clients. Following strong Q2 earnings signaling organic growth and a record $1.1 trillion in total assets, the firm aims to enhance personalization in services. CEO Dan Arnold emphasized a shift towards custom solutions for advisors. With the advisor market anticipated to reach $24 trillion by 2022, LPL is allocating over $1.3 billion in technology and workforce investments to support growth.
LPL Financial (Nasdaq: LPLA) announces today that Corey Staten joins as executive vice president of Service, effective immediately. He will oversee the Service organization, enhancing the experience for LPL advisors, RIAs, and institutions. Staten has extensive experience in client service, previously holding leadership positions at JPMorgan Chase, Charles Schwab, and American Express. He succeeds Tim Hodge, who played a pivotal role in evolving LPL's service experience over the past six years. Staten's appointment aims to accelerate the service strategy and strengthen LPL's client care.
LPL Financial (Nasdaq:LPLA) has announced a reduction in the investment minimum for its Optimum Market Portfolios (OMP) from $10,000 to $1,000. This strategic change broadens access for advisors to provide services to a wider client base with lower investable assets. The OMP platform offers professionally managed portfolios and risk management strategies, enhancing diversification through multiple subadvisors. With $9.2 billion in assets under management as of June 30, 2021, LPL continues to support over 19,000 financial advisors nationwide.
LPL Financial (Nasdaq: LPLA) announced the addition of financial advisors Robert Allen, Marcel Morin, and April Davis from Capstone Financial Partners, who bring approximately $170 million in advisory and brokerage assets. The team, which focuses on financial education and long-range planning, seeks to enhance their operations through LPL's technology and resources, aiming for accelerated growth and hiring more advisors. LPL's executive vice president noted their commitment to providing innovative technology and support to help advisors succeed.
LPL Financial (Nasdaq: LPLA) announced the appointment of Greg Gates as managing director and Chief Technology & Information Officer, effective immediately. Gates, who has served as the interim head of technology since February 2021, will oversee all technology initiatives aimed at enhancing the firm's offerings for advisors, RIAs, and institutions. His experience includes nearly two decades in FinTech management, previously leading teams at PayPal and Bank of America. Gates replaces Scott Seese, who has stepped down due to personal reasons.
LPL Financial reported strong Q2 results, with diluted EPS rising 15% year-over-year to $1.46 and net income increasing 17% to $119 million. Pre-amortization EPS surged 30% to $1.85, while gross profit rose 23% to $602 million. Total advisory and brokerage assets soared 46% to $1.1 trillion, driven by a $69 billion acquisition from Waddell & Reed. The company also indicated plans to resume share repurchases in Q3 2021, with an estimated $40 million per quarter, and declared a $0.25 per share dividend, reinforcing commitment to shareholder value.
LPL Financial has opened a new Linsco office in Raleigh, N.C., with financial advisors Kyle Smith and Michael Sandlin as anchor tenants. Together, they bring approximately $740 million in advisory, brokerage, and retirement plan assets. The duo, previously with Truist Investment Services, aims to offer comprehensive financial planning services while maintaining client-first fiduciary practices. They emphasize LPL's supportive environment, allowing them to focus on client service. The new office is expected to accommodate additional Linsco advisors in the future.
