Core Insights - KraneShares has announced that its KraneShares Hedgeye Hedged Equity Index ETF (KSPY) has been added to LPL Financial's No-Transaction-Fee platform, enhancing accessibility for over 22,000 financial advisors and their clients [1][2] Group 1: Product Features - KSPY utilizes Hedgeye's Risk Range™ Signals to manage downside risk and upside participation, with the S&P 500 closing within its daily published Risk Range™ 83% of the time since 2015 [3][9] - The ETF employs a dynamic options strategy that adjusts based on the S&P 500's position relative to the Risk Range™ Signals, allowing for daily adjustments to portfolio delta [4][9] - KSPY aims to maximize equity exposure in favorable market conditions while reducing exposure during adverse conditions, providing a systematic approach to risk management [5][4] Group 2: Strategic Partnerships and Distribution - The addition of KSPY to the NTF platform aligns with KraneShares' strategic partnership with InspereX, further enhancing distribution within LPL's advisor network [6] - KraneShares has expanded its offerings on the NTF platform to 16 ETFs, covering various themes including emerging technologies, carbon markets, and income solutions [5][6] Group 3: Company Overview - KraneShares is recognized as a specialist investment manager focused on innovative strategies, particularly in China-focused and climate-focused ETFs, as well as disruptive technologies [7] - The firm aims to provide global investors with access to transformative growth opportunities through research-driven products and educational resources [7]

Core Viewpoint - LG Display is set to showcase groundbreaking display technologies at CES 2026, including record-setting Gaming OLED panels with the highest refresh rates and innovative pixel structures [1][2]. Group 1: Product Innovations - LG Display will unveil a 27-inch Gaming OLED panel featuring a refresh rate of 720Hz, the fastest among current Gaming OLED panels, allowing the screen to refresh 720 times per second [3][4]. - The company will also present the world's first 39-inch 5K2K Gaming OLED panel, designed with a 21:9 aspect ratio and 1500R curvature, aimed at providing an immersive viewing experience for content creators [5]. - Additionally, LG Display will introduce a 240Hz OLED panel with an RGB stripe pixel structure, ensuring excellent gaming performance and detailed graphic reproduction at 160 pixels per inch (ppi) [5]. Group 2: Technological Advancements - LG Display plans to implement its new Primary RGB Tandem 2.0 technology across all Gaming OLED panels launching in 2026, enhancing the pixel structure and algorithms for improved performance [6][7]. - The upgraded technology allows Gaming OLED panels to achieve peak brightness of up to 1,500 nits, deliver perfect blacks with HDR True Black 500, and reproduce up to 99.5% of the DIC color gamut, ensuring high picture quality [8]. Group 3: Market Positioning - The company aims to solidify its competitive edge in the OLED market by offering unmatched refresh rates, resolution, and response times, catering to the growing demand for OLED monitors [9].

Core Viewpoint - LG Display is set to unveil the world's first 27-inch 4K OLED panel for monitors with an RGB stripe structure and a 240Hz refresh rate at CES 2026, marking a significant advancement in display technology [1]. Group 1: Product Features - The new OLED panel features an RGB stripe structure that minimizes visual distortions such as color bleeding and fringing, enhancing the viewing experience even at close distances [2]. - This panel achieves a 240Hz refresh rate while maintaining the RGB stripe structure, utilizing LG Display's Dynamic Frequency & Resolution (DFR) technology, which allows users to switch between UHD 240Hz and FHD 480Hz modes [4]. - The high pixel density of 160 pixels per inch (ppi) provides exceptional detail and precision, making it suitable for fast-paced applications like first-person shooter games and ensuring excellent text readability [5]. Group 2: Market Strategy - LG Display plans to introduce this new pixel structure in high-end gaming and professional monitor panels, aiming to expand its customer base and product lineup at CES 2026 [6]. - The company currently produces about 30% of the global OLED monitor market panels and leads in key specifications such as refresh rate, response time, and resolution in the gaming OLED panel segment [8]. - The Head of the Large Display Business Unit emphasized that technology is crucial for maintaining leadership in the growing OLED monitor market, with a focus on differentiated technologies that meet customer demands [9].

Core Insights - LPL Financial (LPLA) experienced a rise in total brokerage and advisory assets, reaching $2.36 trillion in November 2025, marking a 0.5% increase from the previous month and a 34.3% increase year over year [1][10]. LPLA's November Performance Breakdown - Brokerage assets totaled $977.6 billion, showing a slight increase from October 2025 and a 24.4% year-over-year growth [2]. - Advisory assets amounted to $1.39 trillion, rising 0.8% from the previous month and 42.3% from November 2024 [2]. Organic Net New Assets (NNAs) - Total organic NNAs were reported at $6.7 billion, which included $0.1 billion from First Horizon Bank and $0.3 billion of off-boarded assets due to a planned separation [3]. Client Cash Balances - LPL Financial reported a total client cash balance of $54.6 billion for November 2025, down 0.5% from the prior month but up 8.1% year over year [4]. Company Outlook - The company is expected to maintain strong advisor productivity and recruiting efforts, which will likely support advisory revenues [5]. - There are concerns regarding the performance of capital markets and substantial goodwill on the balance sheet [5]. Stock Performance - Over the past six months, LPLA shares have declined by 6.2%, contrasting with the industry's growth of 22% [6].

NEW YORK, Dec. 02, 2025 (GLOBE NEWSWIRE) -- KraneShares, a leading provider of exchange-traded funds (ETFs) delivering access to emerging technologies and innovative global asset classes, today announced that the KraneShares Global Humanoid & Embodied Intelligence Index ETF (Nasdaq: KOID) has been added to LPL Financial’s No-Transaction-Fee (NTF) platform, expanding accessibility for LPL’s more than 22,000 financial advisors and their clients. LPL Financial is the largest independent broker-dealer1 and a le ...

Core Insights - LPL Financial Holdings Inc. is set to report quarterly earnings on November 27, 2025, with an expected EPS of $0.07 and revenue of approximately $4.99 billion [1][6] Asset Growth - In October 2025, LPL Financial reported a total of $2.35 trillion in brokerage and advisory assets, reflecting a 1.6% increase from the previous month and a 40.5% increase year over year [2] - Brokerage assets reached $976.8 billion, marking a 1% increase from September and a 28.1% rise compared to the same period last year [2] - Advisory assets grew to $1.37 trillion, up 2% from the previous month and an impressive 50.9% from October 2024 [2] - The company recorded $7.3 billion in organic net new assets for October, including $0.7 billion from First Horizon Bank [3] - Total advisory and brokerage assets increased by $36.6 billion, or 1.6%, from the previous month [3] Financial Challenges - LPL Financial faces financial challenges, indicated by a negative price-to-earnings (P/E) ratio of approximately -18.77, suggesting current losses [4][6] - The price-to-sales ratio is 0.24, indicating the market values its sales at about 24 cents for every dollar of sales [4] - The enterprise value to sales ratio is 0.69, reflecting its valuation in relation to sales [4] - The enterprise value to operating cash flow ratio is 8.20, indicating how many times the operating cash flow can cover the enterprise value [5] - The earnings yield is -5.33%, another indicator of unprofitability [5] - The debt-to-equity ratio is 2.00, showing twice as much debt as equity [5] - The current ratio is 0.70, suggesting potential challenges in covering short-term liabilities with short-term assets [5]

Core Insights - LPL Financial (LPLA) experienced a 1.6% increase in total brokerage and advisory assets in October 2025, reaching $2.35 trillion, which is a 40.5% increase year over year [1][9] Performance Breakdown - Brokerage assets totaled $976.8 billion, reflecting a 1% increase from September 2025 and a 28.1% increase year over year [2] - Advisory assets amounted to $1.37 trillion, rising 2% from the previous month and 50.9% from October 2024 [2] Net New Assets - Total organic net new assets (NNAs) were $7.3 billion, which included $0.7 billion from First Horizon Bank and $0.5 billion of off-boarded assets due to a planned separation [3] Client Cash Balance - LPL Financial reported a total client cash balance of $54.9 billion in October 2025, down 1.6% from the prior month but up 13.7% from October 2024 [4] Company Outlook - The company is expected to maintain strong advisor productivity and recruiting efforts, which will likely support advisory revenues [5] - There are concerns regarding the performance of capital markets and substantial goodwill on the balance sheet [5] Peer Comparison - Charles Schwab (SCHW) reported total client assets of $11.83 trillion, up 20.1% year over year, with core NNAs of $44.4 billion [11] - Interactive Brokers Group, Inc. (IBKR) saw a 58.4% increase in client Daily Average Revenue Trades (DARTs) year over year [12]

Core Insights - LPL Financial (LPLA) has acquired a minority stake in Private Advisor Group, enhancing its registered investment adviser (RIA) relationships and expanding its advisor base [1][6] - The agreement became effective on November 18, 2025, with terms undisclosed, and Private Advisor Group will continue to operate independently [1] Group 1: Strategic Rationale - Private Advisor Group has been expanding its capabilities since partnering with Merchant in 2021, investing in people, processes, and technology to support innovation and asset growth [2] - The investment allows LPL Financial to deepen its strategic alignment with a major RIA partner, enhancing support in practice management, technology enablement, and succession planning [3][6] - This minority stake positions LPL Financial to capture greater advisor engagement and drive higher asset flows, reinforcing its competitive standing in the independent advisor channel [4] Group 2: Leadership Perspective - Marc Cohen, group managing director & chief growth officer at LPL Financial, expressed excitement about deepening the relationship with Private Advisor Group, emphasizing shared values in driving advisor success [5] Group 3: Market Context - In the past six months, LPL Financial's shares have declined by 5.7%, contrasting with the industry's growth of 18.7% [5]

Core Insights - Republic Capital Group served as the investment banking advisor to Private Advisor Group, which has $41.3 billion in assets under management (AUM), during LPL Financial's acquisition of a minority ownership stake, enhancing their long-term strategic relationship [1][7] - The partnership with LPL Financial and Merchant Investment Management aims to broaden Private Advisor Group's ownership structure, reinforcing stability and enhancing its ability to meet the evolving needs of advisors and clients [2] Group 1 - The collaboration will focus on expanding programs and resources in practice management, business continuity, and succession planning, which are essential for helping advisors build sustainable enterprises [2] - Private Advisor Group has increased its investment in technology, talent, and operational infrastructure, reflecting its advisor-first philosophy since partnering with Merchant in 2021 [4] - Private Advisor Group will maintain its independence while leveraging the strengths of LPL and Merchant to unlock future opportunities for its advisor community [5] Group 2 - Adam Schorr, CFO of Private Advisor Group, praised Republic Capital Group for its strong due diligence and guidance, aligning with their philosophy of informed decision-making [3] - John Langston, CEO of Republic, congratulated Private Advisor Group on this significant milestone, indicating a promising future for both firms [3] - Blake Cargill, Partner and Managing Director at Republic, expressed honor in advising Private Advisor Group and highlighted the event as a milestone in the industry [3]

Core Insights - LG Display Co. is transitioning from traditional LCD technology to high-margin OLED technology, which is expected to enhance profitability and competitiveness in the display technology industry [1] Financial Performance - On November 20, 2025, LG Display reported an earnings per share (EPS) of -$0.01, missing the estimated EPS of $0.07 [2][6] - The company's revenue for the period was approximately $4.93 billion, slightly below the estimated $4.99 billion, with a 25% sequential increase in revenue attributed to the focus on OLED technology [2][3] - OLED products now account for 65% of the company's total sales, indicating a successful shift in product strategy [3][6] Valuation Metrics - The company has a negative price-to-earnings (P/E) ratio of -18.70, but its forward P/E ratio for 2025 appears attractive, suggesting potential future profitability [4][6] - The price-to-sales ratio is 0.24, and the enterprise value to sales ratio is 0.69, reflecting the market's valuation of the company's sales [5] - The current ratio of 0.70 suggests potential difficulties in meeting short-term liabilities [5]