For Immediate Release LPL Financial Announces Second Quarter 2025 Results Key Financial Results: Key Business Results: Key Capital and Liquidity Measures: *See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures 1 • Net Income was $273 million, translating to diluted earnings per share ("EPS") of $3.40, up 5% from a year ago • Adjusted EPS* increased 16% year-over-year to $4.51 ◦ Gross profit* increased 21% year-over-year to $1 ...

Key Financial Results: Key Business Results: Key Capital and Liquidity Measures: Key Updates Large Institutions: First Horizon Bank ("First Horizon"): Expect to onboard in the third quarter of 2025. First Horizon supports approximately 120 advisors, managing approximately $17 billion of brokerage and advisory assets M&A: Core G&A: Given our performance to date, we are lowering our 2025 Core G&A* outlook to a range of $1,720-1,750 million, including $170-180 million related to Prudential and Atria Net Income ...

Core Viewpoint - Analysts forecast LPL Financial Holdings Inc. (LPLA) will report quarterly earnings of $4.21 per share, reflecting an 8.5% year-over-year increase, with revenues expected to reach $3.77 billion, a 28.4% increase compared to the previous year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted upward by 1.1%, indicating a reassessment of initial projections by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions to the stock, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Revenue- Commission' at $1.05 billion, indicating a year-over-year change of +33.2% [5]. - 'Revenue- Service and fee' is projected at $149.76 million, reflecting a +10.9% change year-over-year [5]. - 'Revenue- Asset-based fees' is expected to reach $712.84 million, showing an +18.6% increase from the previous year [5]. - 'Revenue- Advisory' is forecasted at $1.72 billion, suggesting a +33.6% year-over-year change [6]. - The consensus for 'Revenue- Transaction' stands at $66.54 million, indicating a +12.9% change from the prior year [6]. Asset Metrics - Total Advisory and Brokerage Assets are expected to reach $1,893.67 billion, up from $1,497.80 billion in the same quarter last year [7]. - 'Total Advisory and Brokerage Assets - Advisory Assets' is projected at $1,042.21 billion, compared to $829.10 billion a year ago [7]. - The number of advisors is expected to reach 29,894, up from 23,462 in the previous year [7]. - 'Net New Assets (NNA) - Net new advisory assets' is forecasted at $22.57 billion, down from $26.80 billion in the same quarter last year [7]. Net New Assets - Analysts predict 'Total Net New Assets' will arrive at $26.19 billion, compared to $34.00 billion a year ago [8]. - 'Net New Assets (NNA) - Net new brokerage assets' is expected to reach $3.61 billion, down from $7.20 billion in the previous year [8]. Stock Performance - Shares of LPL Financial have experienced a +4.1% change in the past month, compared to a +4.9% move of the Zacks S&P 500 composite [8].

Company Overview - LPL Financial Holdings Inc. (LPLA) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended June 2025, with a consensus EPS estimate of $4.21, reflecting an 8.5% increase [1][3] - Revenues are anticipated to reach $3.77 billion, marking a 28.4% increase from the same quarter last year [3] Earnings Expectations - The upcoming earnings report is scheduled for July 31, and the stock may experience upward movement if the reported numbers exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised 1.1% higher in the last 30 days, indicating a positive trend in analyst expectations [4] Earnings Surprise Prediction - The Most Accurate Estimate for LPL Financial matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [12] - The stock currently holds a Zacks Rank of 3 (Hold), making it challenging to predict a definitive earnings beat [12] Historical Performance - In the last reported quarter, LPL Financial exceeded the expected EPS of $4.54 by delivering $5.15, resulting in a surprise of +13.44% [13] - Over the past four quarters, the company has consistently beaten consensus EPS estimates [14] Industry Context - Tradeweb Markets (TW), another player in the Zacks Financial - Investment Bank industry, is expected to report earnings of $0.86 per share for the same quarter, reflecting a year-over-year change of +22.9% [18] - Tradeweb's revenues are projected to be $510.14 million, up 26% from the previous year, with a consensus EPS estimate revised 0.7% higher recently [19]

Core Insights - LPL Financial LLC has welcomed financial advisors Jared Black and Richard Brokaw to its employee advisor channel, Linsco by LPL Financial, to establish Wyoming Asset Advisors Powered by LPL, managing approximately $400 million in advisory, brokerage, and retirement plan assets [1][8] - The team, based in Cheyenne, Wyoming, has over 65 years of combined experience and focuses on providing tailored investment advice primarily to retirement clients [2][3] Company Overview - LPL Financial Holdings Inc. is recognized as one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,200 financial institutions, managing around $1.8 trillion in brokerage and advisory assets for about 7 million Americans [6] - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors and institutions to select the business model and resources that best suit their needs [6] Advisor Transition - Black and Brokaw chose to join LPL Financial to gain more autonomy and flexibility in their business operations, benefiting from LPL's integrated wealth management platform and extensive business resources [3][4] - The advisors emphasized the importance of client relationships and the enhanced capacity to serve clients effectively after the transition to LPL [4]

Core Insights - LPL Financial LLC has welcomed Kevin Gallagher and his team from Gallagher Wealth Management, who manage approximately $180 million in advisory, brokerage, and retirement plan assets, enhancing LPL's advisor network [1][2][3] - Gallagher Wealth Management focuses on providing personalized wealth management services primarily to former and current federal employees and military members, emphasizing a collaborative approach to understanding clients' unique financial goals [2][3] - The transition to LPL Financial is driven by the desire for greater autonomy, flexibility, and access to advanced technology, which Gallagher believes will improve operational efficiency and client engagement [3][4] 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 $1.8 trillion in brokerage and advisory assets for around 7 million Americans [6][7] - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors and institutions to select the resources they need to succeed [6]

Core Insights - LPL Financial LLC has welcomed a team of 11 financial advisors from Waznik Heike Group, who bring approximately $750 million in advisory, brokerage, and retirement plan assets [1][2]. Group Overview - Waznik Heike Group is based in Menomonie, Wisconsin, and has additional offices in Durand, Superior, Eau Claire, and Rice Lake. The firm is led by partners Brad Waznik and John Heike, who have over 100 years of combined industry experience [2]. Client Engagement - The team emphasizes a strategic, personalized, and proactive approach to wealth management, focusing on helping clients, particularly those nearing or in retirement, to make informed financial decisions [3]. Partnership with LPL - The Waznik Heike Group chose to partner with LPL Financial to enhance their client offerings and experience, citing LPL's robust technology and back-office support as key factors in their decision [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 $1.8 trillion in brokerage and advisory assets for around 7 million Americans [6].

Group 1 - The core viewpoint of the article is the anticipation of the June CPI inflation report, which is expected to provide insights into the impact of the tariff war initiated by President Trump on prices [2][3] - Wall Street forecasts a 0.3% month-over-month increase in the core CPI, excluding food and energy, which would be the highest level since January [2] - Analysts from TD Securities expect a faster increase in commodity prices in June, reflecting the transmission of some tariff costs, while BofA Securities highlights that core goods prices will be the main driver of inflation acceleration [2][3] Group 2 - The importance of the core CPI month-over-month figure lies in its ability to help investors and policymakers understand the underlying inflation trend by excluding volatile components [3] - Market participants' reaction to the June core CPI increase will be crucial in determining whether it is seen as a one-time event or a precursor to future inflation [3] - LPL Financial's chief fixed income strategist expresses optimism, indicating that the bond market does not expect a sustained acceleration in inflation despite some upward adjustments in expectations [4] Group 3 - The breadth of inflationary pressures in the commodity sector will influence market participants' responses to the upcoming CPI data [5] - There is a risk in the bond market if inflation does indeed accelerate, which could lead to higher yields for incorrect reasons, potentially affecting stock markets as well [5]

Company Overview - LPL Financial Holdings Inc. is one of the fastest growing wealth management firms in the U.S. [2] - The company supports over 29,000 financial advisors and approximately 1,200 financial institutions [2] - LPL Financial services and custody approximately $1.8 trillion in brokerage and advisory assets on behalf of around 7 million Americans [2] Upcoming Financial Results - The company will report its second quarter financial results after the market closes on July 31, 2025 [1] - A conference call to discuss the results will be held at 5 p.m. ET on the same day [1] - The conference call will be accessible for replay at investor.lpl.com/events [1]

Core Insights - LPL Financial LLC announced the addition of financial advisors Charlie Narmi and Theresa Rynaski to its employee advisor channel, Linsco by LPL Financial, where they will launch The Narmi Group Investment Management, managing approximately $870 million in advisory, brokerage, and retirement plan assets [1][8] Group 1: Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,200 financial institutions, with around $1.8 trillion in brokerage and advisory assets [6] Group 2: Team Background - Narmi and Rynaski have a combined experience of two decades, focusing on a diverse clientele that includes young professionals, non-profit organizations, and individuals nearing or in retirement [2] Group 3: Service Philosophy - The Narmi Group Investment Management emphasizes a comprehensive service approach, assisting clients with various life decisions, including visits to the Social Security office and researching nursing homes [3] Group 4: Strategic Move to LPL - The transition to LPL Financial was driven by the desire for autonomy, flexibility, and access to enhanced technology, allowing advisors to own their client relationships and operate their practices independently [3][4] - LPL's integrated wealth management platform and robust business resources are designed to support advisors in focusing on client needs while growing their business [4] Group 5: Future Outlook - LPL Financial aims to provide differentiated experiences for advisors and their clients through unparalleled flexibility, strategic resources, and innovative technology, which will support The Narmi Group Investment Management in building long-lasting client relationships [4]