SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, continues to lead the way in large-sized OLED technology by unveiling its fourth-generation OLED TV panel. 33% brighter than the previous generation and optimized for the AI TV era, it is the industry's first-ever OLED display to achieve a maximum brightness as high as 4,000 nits (1 nit is the brightness produced by a candle). LG Display Unveils 4th-Generation OLED Panel Optimized for AI E ...

Core Viewpoint - LPL Financial Holdings Inc. (LPLA) has reached an all-time high stock price of $344.86, reflecting a 41.7% increase over the past year, outperforming its industry and major indices [1] Group 1: Stock Performance - LPLA stock has outperformed peers such as The Charles Schwab Corporation (SCHW) and Tradeweb Markets Inc. (TW) [1] - The Zacks Consensus Estimate for sales indicates growth of 19.2% for 2024 and 17.8% for 2025 [7] Group 2: Revenue Drivers - Favorable policies and anticipated corporate tax cuts under the Trump administration are expected to enhance investor confidence and profitability [2] - The Federal Reserve's interest rate cuts, totaling 100 basis points since September 2024, will support advisory and brokerage revenues [3] - LPL Financial's total revenues have shown a compound annual growth rate (CAGR) of 14.1% from 2018 to 2023, with continued growth in 2024 [4] Group 3: Strategic Acquisitions - LPL Financial is actively pursuing strategic acquisitions to bolster revenue growth, including the acquisition of Atria Wealth Solutions and The Investment Center, Inc. [7][8] - The company has a strong balance sheet, enabling it to pursue these acquisitions and diversify its revenue streams [8] Group 4: Financial Position - As of September 30, 2024, LPL Financial's net corporate debt was $4.44 billion, with cash and cash equivalents totaling $2.86 billion [9] - The company has increased its quarterly dividend by 20 to 30 cents per share, with an annualized dividend growth rate of 5.4% over the past five years [10] Group 5: Analyst Sentiment - The Zacks Consensus Estimate for 2024 earnings is $16.07, with a projected increase of 2.2%, while the estimate for 2025 is $18.75, indicating a 16.7% rise [14][16] Group 6: Challenges - LPL Financial's reliance on commission-based revenues, which constituted 26.4% of total revenues in the first nine months of 2024, poses a risk due to market volatility [17] - The company's operating expenses have seen a CAGR of 14% over the last five years, with expectations of continued elevation due to increased headcount and strategic investments [18][19]

SAN DIEGO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq: LPLA) announced today that the advisors of Prestige Wealth Group (PWG), led by managing partners Rich Galgano, CFP®, and Matt Geraci, CFP®, have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $540 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. Headquartered in Franklin Lakes, N.J., and Westchester, Pa., Prestige Wealth Group was established in 2 ...

Core Insights - LPL Financial LLC has welcomed financial advisors Amanda Miller, Devin Richard, and Jonathan Vila from Frontline Investment Advisors, who collectively manage approximately $550 million in advisory, brokerage, and retirement plan assets [1][11] - The advisors have around 50 years of combined experience, focusing on providing investment advice to frontline workers, including school employees and medical personnel [2] - The team specializes in the Florida Retirement System and healthcare 403(b) plans, emphasizing a collaborative approach to enhance client service [3] Company Transition - The advisors' move to LPL Financial was the result of a thorough search for a wealth management firm that aligns with their business growth objectives [4] - Richard highlighted that LPL's alignment with their vision for growth and service was a key factor in their decision, allowing them to offer a broader range of investment strategies and improved client experiences [5] LPL Financial Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 28,000 financial advisors and managing approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [7] - The firm provides various advisor affiliation models, investment solutions, and fintech tools, ensuring flexibility for advisors and institutions [7]

SAN DIEGO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Rich Steinmeier, Chief Executive Officer, and Matt Audette, President and Chief Financial Officer, will present at the Goldman Sachs Financial Services Conference on December 10. The presentation takes place at 10:00 a.m. ET. A live audio webcast of the presentation will be accessible at investor.lpl.com, with a replay available on the website after the presentation. Contacts Investor Relationsinvestor.relations@lplfinancial ...

SAN DIEGO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisor James P. Norris, MBA, APMA®, of Argosy Financial has joined LPL Financial’s broker-dealer, RIA and custodial platforms. He reported serving approximately $250 million in advisory, brokerage and retirement plan assets* and joins LPL from Centaurus Financial. Based in Glendale, Ariz., Norris has more than 20 years of experience in financial services, specializing in investment management, client portfolio co ...

SAN DIEGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Will Beck, CFP®, Mike Macfarlane, CASL®, CLU®, ChFC®, Tyler Vongsawad, CLU®, ChFC®, CASL®, CFP®, MSFS, and Sam Rosen, CFP®, have joined LPL Financial’s broker-dealer, RIA and custodial platforms to launch a new independent practice, Happier Wealth. They reported having served approximately $250 million in advisory, brokerage and retirement plan assets* and join LPL from Northwestern Mutual. Located in Ple ...

SAN DIEGO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its monthly activity report for October 2024. Total advisory and brokerage assets at the end of October were $1.67 trillion, an increase of $81.2 billion, or 5.1%, compared to the end of September 2024. Total net new assets for October were $96.6 billion, which included $88.0 billion of acquired net new assets resulting from ...

Core Insights - LPL Financial has welcomed five financial advisors from Strata Financial Group, who manage over $350 million in advisory, brokerage, and retirement plan assets [1][9] - Strata Financial Group, founded in 1998, operates in two Ohio locations and focuses on personalized financial services [2] - The partnership with LPL Financial aims to enhance client service through improved resources and technology [3][4] Company Overview - LPL Financial Holdings Inc. serves over 28,000 financial advisors and is committed to supporting independent advisors with a focus on personalized client relationships [6] - The firm emphasizes the importance of independence for advisors, allowing them to choose their business models and services [6] Team and Services - Strata Financial Group employs a team-based approach to provide comprehensive financial services, including tax strategies and investment planning [2][3] - The team is led by partners Campagni, Jurczynski, and Mitchell Romeo, supported by staff members [2] Strategic Goals - The advisors from Strata Financial Group aim to leverage LPL's resources to enhance client service and offer a broader range of investment solutions [4] - The focus is on creating differentiated experiences for clients through consolidated reporting and advanced technology [4]

SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that the financial advisors at Prosperity Investment Management have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported having approximately $140 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. Based in a renovated historic building in downtown Chico, Calif., Prosperity Investment Management was founded by seasoned financial advisor Robert “Rob” B. Anderson, CFP®. ...