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LPL Welcomes Legacy Premier Wealth Management
GlobeNewswire News Room· 2025-03-18 12:55
Core Insights - LPL Financial LLC has welcomed financial advisors Larry Hubbard, Craig Conner, and Jade Maasch, who have transitioned from Ameriprise and now manage approximately $275 million in advisory, brokerage, and retirement plan assets [1][2]. Group 1: Company Transition - The advisors have rebranded their firm as Legacy Premier Wealth Management, previously known as Alliance Financial Partners, and are based in Greeley, Colorado, and Cheyenne, Wyoming [2]. - The team aims to provide a comprehensive wealth management service to clients, focusing on education and empowerment in financial decision-making [3]. Group 2: Strategic Advantages - The move to LPL Financial allows the advisors to grow their practice without disrupting client services, as LPL does not offer proprietary investment products, enabling them to provide tailored solutions [4]. - LPL's integrated, open architecture platform offers the necessary tools and resources for the advisors to operate efficiently with a single sign-on [4]. Group 3: Community Engagement - The Legacy Premier Wealth Management team is committed to building long-term relationships with clients and actively participates in community service through various organizations, including United Way and the American Cancer Society [4]. Group 4: LPL Financial Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and managing approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [7].
LPL Financial Closes Acquisition of The Investment Center, Inc.
GlobeNewswire News Room· 2025-03-11 12:30
Core Viewpoint - LPL Financial has successfully acquired the wealth business of The Investment Center, enhancing its advisor network and service capabilities [1][2]. Group 1: Acquisition Details - The acquisition includes approximately $4 billion of brokerage and advisory assets onboarded to LPL, with an additional $3 billion expected to onboard in the coming months [2]. - The Investment Center, founded in 1986, operates as an independent broker-dealer providing support services and investment tools to over 160 independent financial advisors [3]. Group 2: Company Profiles - LPL Financial is a leading wealth management firm in the U.S., supporting nearly 29,000 financial advisors and managing approximately $1.7 trillion in assets for around 6 million Americans [4]. - The Investment Center is registered to conduct securities business in all 50 states and is a member of FINRA and SIPC, emphasizing its compliance and regulatory standing [3].
LPL Financial Welcomes Servant Path Wealth Partners to Linsco Channel
GlobeNewswire News Room· 2025-02-25 14:00
Core Insights - LPL Financial LLC has welcomed financial advisors Joe Young and Ryne Stokes to its employee advisor channel, Linsco by LPL Financial, where they will launch Servant Path Wealth Partners, managing approximately $400 million in advisory, brokerage, and retirement plan assets [1][10] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and servicing approximately 1.7 trillion dollars in brokerage and advisory assets for around 6 million Americans [8] Advisor Background - Joe Young has two decades of industry experience, while Ryne Stokes entered the financial services field in 2014, having previously worked at a bank and the Social Security Administration. They formed a faith-based practice in 2018, offering a comprehensive suite of financial planning services [2][3] Motivations for Transition - The advisors moved to LPL Financial seeking greater autonomy, business flexibility, and access to enhanced resources. They were particularly attracted to the Linsco model, which emphasizes independence and the ability to manage client relationships on their own terms [4][5] Strategic Goals - Young and Stokes aim to simplify financial planning for their clients, allowing them to focus on personal and community priorities, guided by their Christian faith and Biblical principles [3][5] LPL's Commitment - LPL's Executive Vice President, Scott Posner, expressed the firm's commitment to providing innovative capabilities and strategic resources to help advisors build thriving practices, indicating a focus on flexibility and growth in the advisory industry [6]
LPL Financial Selects SS&C To Support Growing Retail Alternatives Business
Prnewswire· 2025-02-24 14:00
Core Insights - LPL Financial has expanded its partnership with SS&C Technologies to enhance its alternatives business through the integration of SS&C ALTSERVE™ [1][2] - The collaboration aims to streamline back and middle-office functions, standardize data feeds, and improve the custody of alternative investment products [2][8] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and servicing approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [3][5] - SS&C Technologies is a global provider of services and software for the financial services and healthcare industries, with over 22,000 organizations relying on its expertise and technology [6]
LG Display Begins Mass Production of Ultra-large Automotive Display Solutions to Revolutionize Driving Experience
Prnewswire· 2025-02-24 01:00
SEOUL, South Korea, Feb. 23, 2025 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it has officially begun mass production of the industry's first 40-inch Pillar to Pillar (P2P) automotive display. The company is accelerating its push into the Software-Defined Vehicle (SDV) era by scaling up the production of premium automotive display solutions with the goal of revolutionizing the driving experience.A P2P display is an ultra-large automotive panel that ...
LPL Financial's January Brokerage and Advisory Assets Rise Y/Y
ZACKS· 2025-02-21 16:30
Core Viewpoint - LPL Financial (LPLA) experienced significant growth in total brokerage and advisory assets in January 2025, indicating strong performance in the financial services sector [1]. Group 1: Asset Performance - Total brokerage and advisory assets reached $1.81 trillion, reflecting a 4.1% increase from the previous month and a 33% increase year over year [1]. - Brokerage assets were reported at $819.4 billion, up 4.6% from December 2024 and 31.9% year over year [2]. - Advisory assets totaled $992.4 billion, increasing by 3.7% from the previous month and 34% from January 2024 [2]. Group 2: New Assets and Cash Balances - Total net new assets (NNAs) amounted to $34.1 billion in January, with $0.1 billion from acquired NNAs and $34 billion from organic sources [3]. - Organic NNAs included $13.5 billion from Prudential Advisors and $15.2 billion from Wintrust Investments, with a net off-boarded asset of $0.2 billion [3]. - The total client cash balance was $52.2 billion, down 5.3% from the prior month but up 11.3% from January 2024 [4]. Group 3: Strategic Developments - The company is pursuing strategic acquisitions, including a planned buyout of Investment Center and the recent acquisition of Atria Wealth, which are expected to enhance advisory revenues [5]. - LPL Financial's stock has risen 16.1% over the past three months, outperforming the industry growth of 8% [6]. Group 4: Peer Performance - Charles Schwab (SCHW) reported core net new assets of $30.6 billion in January 2025, a decline from the previous month but a significant increase from the same month last year [8]. - Interactive Brokers Group, Inc. (IBKR) reported a rise in client Daily Average Revenue Trades (DARTs) to 3,473,000, reflecting a 6.3% increase from December 2024 and a 48.4% increase year over year [10].
This is how undervalued gold is compared to the S&P 500 - LPL Financial
KITCO· 2025-02-18 19:33
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
LG Display (LPL) - 2024 Q4 - Annual Report
2025-02-18 11:11
Financial Performance - LG Display reported Q4 2023 earnings results with a total revenue of KRW 6.5 trillion, representing a 12% increase year-over-year[6]. - The company approved FY2023 financial statements, showing a net profit of KRW 1.2 trillion, up 15% compared to FY2022[6]. - LG Display reported a revenue of KRW 26,615 billion for 2024, an increase from KRW 21,331 billion in 2023, representing a growth of approximately 24.5%[24]. - The gross profit for 2024 was KRW 2,575 billion, compared to KRW 345 billion in 2023, indicating a significant improvement in profitability[24]. - Operating loss narrowed to KRW 561 billion in 2024 from KRW 2,510 billion in 2023, showing a reduction of about 77.7%[24]. - Total comprehensive loss for the period in 2023 was W (2,683,755) million, with a profit (loss) for the period of W (2,733,742) million[26]. - Revenue for 2024 increased to W 25,178,688 million, up 27.5% from W 19,811,015 million in 2023[178]. - Gross profit for 2024 was W 702,475 million, a significant recovery from a gross loss of W 1,635,890 million in 2023[178]. - Operating loss improved to W 1,800,625 million in 2024, compared to W 3,884,121 million in 2023, reflecting a 53.7% reduction[178]. - Loss for the year increased to W 3,034,736 million in 2024, compared to W 1,718,701 million in 2023[178]. - Total comprehensive loss for 2024 was W 3,166,571 million, compared to W 1,668,884 million in 2023[179]. Market Strategy and Expansion - LG Display plans to expand its market presence in North America, targeting a 20% increase in market share by 2025[6]. - The company is investing KRW 500 billion in R&D for new OLED technologies, aiming for a 30% improvement in production efficiency by 2026[6]. - LG Display's Q1 2024 earnings guidance projects revenue growth of 8% quarter-over-quarter, driven by seasonal demand[6]. - The company plans to expand its OLED and TFT-LCD production facilities, enhancing its capacity to meet growing demand in various sectors[19]. - The company has established subsidiaries across the Americas, Europe, and Asia, indicating a strategic focus on global market expansion[19]. Cash Flow and Investments - Approval was granted for the sale of real estate property, expected to generate KRW 300 billion in cash flow[7]. - Cash generated from operations increased to W 3,373,456 million in 2024 from W 2,819,329 million in 2023, representing a growth of approximately 19.6%[27]. - Cash flows used in investing activities decreased to W (1,363,248) million in 2024 from W (2,589,336) million in 2023, indicating a reduction of about 47.4%[27]. - The company reported a net increase in cash and cash equivalents of W (285,792) million in 2024, compared to an increase of W 444,275 million in 2023[28]. - The company invested W 140,600 million in a Money Market Trust controlled by the Parent Company[34]. Assets and Liabilities - Total assets decreased to KRW 32,860 billion as of December 31, 2024, down from KRW 35,759 billion in 2023, reflecting a decline of approximately 8.4%[22]. - Total liabilities also decreased to KRW 24,787 billion in 2024 from KRW 26,989 billion in 2023, a reduction of about 8.1%[23]. - The company’s cash and cash equivalents stood at KRW 2,022 billion as of December 31, 2024, down from KRW 2,258 billion in 2023[22]. - As of December 31, 2024, total equity attributable to owners of the Parent Company was W 6,542,261 million, down from W 7,232,182 million in 2023[26]. - The company’s total assets at December 31, 2024, were W 8,072,807 million, compared to W 8,770,544 million at the end of 2023[26]. - Total current assets increased to W 8,647,395 million in 2024 from W 5,590,482 million in 2023, reflecting a growth of approximately 54.5%[176]. - Total liabilities increased to W 26,003,253 million in 2024, compared to W 24,050,857 million in 2023, representing a rise of approximately 8.1%[177]. - The Group's total assets slightly increased to W 29,799,051 million in 2024 from W 29,732,412 million in 2023, reflecting a marginal growth of approximately 0.2%[176]. Research and Development - LG Display's research and development expenses for 2024 were KRW 1,448 billion, up from KRW 1,380 billion in 2023, indicating a continued investment in innovation[24]. Corporate Governance and Compliance - The company has initiated a related party transaction review, focusing on compliance and risk management[10]. - LG Display's ESG committee reported on the establishment of an ESG management system in Vietnam, aligning with global sustainability standards[11]. - LG Display's board approved a Corporate Value-up Plan, which includes strategic partnerships to enhance supply chain resilience[6]. Shareholder Information - LG Display's major shareholder, LG Electronics Inc., owned 36.72% of the Parent Company's common stock as of December 31, 2024[29].
LPL Financial Stock Gains 1% as Q4 Earnings Beat on Higher Revenues
ZACKS· 2025-01-31 14:10
Shares of LPL Financial (LPLA) gained almost 1% in after-market hours on better-than-expected fourth-quarter 2024 results. Its adjusted earnings of $4.25 per share handily outpaced the Zacks Consensus Estimate of $3.92. The bottom line also reflected year-over-year growth of 21.1%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results benefited from robust revenue improvement, partly offset by higher expenses. LPLA recorded growth in brokerage and advisory assets, which acted as a ...
Anthony Calomeni of Heffernan Financial Services recognized as one of LPL Financial's top financial advisors
Prnewswire· 2025-01-28 16:24
Group 1 - Anthony Calomeni has been recognized in LPL Financial's Masters Club Program for 2025, highlighting his excellence in financial guidance [1] - He provides comprehensive wealth management services including investment management, retirement planning, tax planning, charitable giving, and estate planning to clients in the Bay Area [2] - LPL Financial supports over 28,000 financial advisors and approximately 1,200 financial institutions, managing around $1.7 trillion in brokerage and advisory assets for 6 million Americans [4] Group 2 - Julian Lopez, LPL's Executive Vice President, praised Anthony Calomeni for his achievements in 2024, noting his role in empowering clients to achieve their financial goals [3] - LPL Financial offers various advisor affiliation models, investment solutions, fintech tools, and practice management services to enhance operational efficiency and business growth for financial advisors [4]