SAN DIEGO, April 22, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Clayton Ortloff has launched a new independent practice, Heritage Private Wealth, through affiliation with LPL Financial's supported independence model, LPL Strategic Wealth Services. He reported having served approximately $820 million in advisory, brokerage and retirement plan assets* and joins LPL from Merrill Lynch. Based in Midland, Texas, the father of three is a third generation Midlander with deep ...

SAN DIEGO, April 18, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Alejandro "Alex" De Leon and Robert "Bob" Gorman have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $200 million in advisory, brokerage and retirement plan assets*, and join LPL from Wells Fargo Advisors.   Headquartered in Corpus Christi, Texas, De Leon and Gorman were colleagues in the same office for years before deciding to team up to star ...

SAN DIEGO, April 17, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Phil Eggers of Legacy Retirement Planning has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported serving approximately $170 million in advisory, brokerage and retirement plan assets* and joins LPL from Raymond James. Based in Plano, Texas, Eggers began his career as a financial advisor in 1990 and considers it an honor to manage the wealth for approximately 300 families. He work ...

SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Philip Nation, CFP®, ChFC™, CLU®, has joined LPL Financial's broker-dealer, RIA and custodial platforms, aligned with existing firm Founders Financial Alliance. He reported serving approximately $170 million in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise Financial. The Raleigh, N.C.- based advisor started his career in 1987, offering everything from insurance to education ...

Acquisition and Recruitment Strategy - The company expects to close the acquisition of Atria Wealth Solutions, Inc. ("Atria") and transition advisors, enterprises, and assets as part of its acquisition and recruitment strategy[19] - The company is focused on attracting and retaining financial advisors and enterprises, with success dependent on market conditions and advisor transitions[22] - Difficulties and delays in onboarding the assets of acquired or recruited advisors, including regulatory approvals[22] - Whether advisors affiliated with Prudential Financial, Inc. will transition registration to the Company and the translation of assets[22] Regulatory and Legal Matters - The company is negotiating a potential settlement with the SEC regarding the Off-Channel Investigation, which involves compliance with records preservation requirements for business-related electronic communications[19] - The company is addressing regulatory matters and legal proceedings, including potential costs related to settlements and customer reimbursements[22] - The cost of settling and remediating issues related to regulatory matters or legal proceedings[22] Operating Model and Technology Improvements - The company anticipates improvements in its operating model, services, and technologies due to investments, initiatives, and acquisitions, leading to projected savings[19] - Execution of the Company's plans and success in realizing synergies, expense savings, and efficiencies from investments and acquisitions[22] Capital Management and Liquidity - The company is executing capital management plans, including compliance with credit agreements and revolving credit facilities, and managing liquidity[22] - Strategic acquisitions and investments, including the Liquidity & Succession solution, and their impact on capital management plans and liquidity[22] - Execution of the Company's capital management plans, including compliance with the Credit Agreement and Broker-Dealer Revolving Credit Facility[22] - The price, availability, and trading volumes of shares of the Company's common stock affecting future share repurchases[22] Client Cash Program and Interest Rates - The company is managing client cash program fees and negotiating agreements with banks participating in these programs, which are impacted by changes in interest rates[19] Macroeconomic Trends - The company is monitoring macroeconomic trends, including inflation and interest rate environments, which could impact revenue and expenses[19] Competition and Market Conditions - Effects of competition in the financial services industry and the success of the Company in attracting and retaining financial advisors and enterprises[22] Fee-Based Offerings - Changes in the growth and profitability of the Company's fee-based offerings[22] Operating Risks - The company is focused on controlling operating risks, including information technology systems, cybersecurity, and sourcing risks[22] - The Company's ability to control operating risks, information technology systems risks, cybersecurity risks, and sourcing risks[22]

LPL Financial Holdings Inc. (NASDAQ:LPLA) Q4 2023 Results Conference Call February 1, 2024 5:00 PM ET Company Participants Dan Arnold - President, Chief Executive Officer & Director Matt Audette - Principal Accounting Officer, CFO & Head of Business Operations Conference Call Participants Steven Chubak - Wolfe Research Alexander Blostein - Goldman Sachs Kyle Voigt - KBW Devin Ryan - JMP Securities Dan Fannon - Jefferies Ben Budish - Barclays Michael Cyprys - Morgan Stanley Michael Cho - JP Morgan Operator G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34963 LPL Financial Holdings Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 20-3717839 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Investment areas of focus Strengthen Foundational Infrastructure Invest in incubating, accelerating and launching new services that address advisors' and enterprises' most pressing needs ~$752 ~$868 ~$925 ~$999 ~$1,192 5% 6% 6.5% 8% 13% 2018 2019 2020 2021 2022 Annual Core G&A* ($M) Annual Core G&A* Growth § † ‡ §§ § LPL Financial Member FINRA/SIPC 19 | --- | --- | --- | |---------------------|------------------------------------------------------------------------------------------------------------------- ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34963 LPL Financial Holdings Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Below are the following reconciliations of net income and earnings per diluted share to adjusted net income* and adjusted EPS* for the periods presented herein: Note: Totals may not foot due to rounding Reconciliation Core G&A* is a non-GAAP financial measure. Please see a description of Core G&A* under "Non-GAAP Financial Measures" on page 3 of this presentation for additional information. ╗LPL Financial Notice to Investors: Safe Harbor Statement Management believes that presenting certain non-GAAP financi ...