From IPO to Industry Leader: LPL’s Steadfast Commitment to Financial Advisors Powers $2.3 Trillion in Client Assets, Driving Transformative Growth and InnovationSAN DIEGO, Dec. 04, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA), one of the fastest-growing wealth management firms in the U.S. and the parent corporation of LPL Financial LLC, will commemorate the 15th anniversary of its initial public offering (IPO) on Monday, December 8, 2025 at 9:30 a.m. Chief Executive Officer Rich Stein ...

SAN DIEGO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Rich Steinmeier, Chief Executive Officer, will present at the Goldman Sachs Financial Services Conference on December 9. The presentation takes place at 8 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.com Media Relationsmedia.relations@lplfinancial.com About LPL ...

Core Insights - LPL Financial LLC has welcomed Brandon Wallis, a financial advisor with approximately $145 million in advisory, brokerage, and retirement plan assets, to its platform from Edward Jones [1][10] - Kūpono Wealth Planning, based in Mililani, Hawaiʻi, aims to serve local communities with a focus on integrity and personalized financial advice [3][4] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and managing approximately $2.3 trillion in brokerage and advisory assets for around 8 million Americans [9] Advisor Background - Brandon Wallis has two decades of industry experience and has been based in Hawaiʻi since 2007, serving a diverse clientele including retirees and small business owners [2] Business Philosophy - Kūpono Wealth Planning emphasizes integrity, fairness, and moral strength in its client interactions, aiming to simplify complex financial matters and address the unique challenges faced by local families [3][4] Strategic Decision - Brandon Wallis chose LPL Financial after evaluating 20 other firms, seeking greater autonomy and flexibility to better serve his clients [5][6] Client Service Commitment - The firm is dedicated to providing a wide range of solutions and strategies while maintaining cost efficiency and high-quality service [4][7]

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 Holdings Inc. reported a total advisory and brokerage assets of $2.35 trillion at the end of October 2025, reflecting an increase of $36.6 billion, or 1.6%, from September 2025 [1][4]. Group 1: Financial Performance - Total organic net new assets for October were $7.3 billion, representing a 3.8% annualized growth rate, which included $0.7 billion from First Horizon Bank and $0.5 billion off-boarded due to planned separation [2]. - Total client cash balances decreased to $54.9 billion, down by $0.9 billion from September 2025, with net buying activity recorded at $14.3 billion [3][4]. Group 2: Asset Breakdown - Advisory assets reached $1,374.4 billion, up 2.0% month-over-month and 50.9% year-over-year, while brokerage assets increased to $976.8 billion, a 0.9% month-over-month rise and 28.1% year-over-year [4]. - Total net new assets for October were $7.3 billion, with net new advisory assets at $9.2 billion and net new brokerage assets at a loss of $2.0 billion [4]. Group 3: Market Indicators - The S&P 500 Index closed at 6,840, a 2.3% increase from September 2025, while the Russell 2000 Index rose by 1.8% to 2,479 [4]. - The average effective Fed Funds rate decreased by 3.3% to 408 basis points compared to the previous month [4].

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 - Albert Anthony is a Croatian-American business author and analyst contributing to Seeking Alpha and other financial platforms, with a focus on Real Estate Investment Trusts (REITs) [1] - He has a background in business information systems and experience at Charles Schwab, which supports his analytical capabilities in equities research [1] - Anthony operates his own boutique equities research firm, Albert Anthony & Company, remotely from Texas, and is actively involved in the REIT investment space [1] Company Background - Albert Anthony & Company is a Texas-registered business that provides market commentary and research based on publicly available data [1] - The firm does not manage client funds or provide personalized financial advisory services, focusing instead on general market insights [1] Author's Qualifications - Anthony holds a B.A. in Political Science and is certified in Microsoft Fundamentals and CompTIA Project+ [1] - He is pursuing ongoing certifications in Capital Markets & Securities Analyst (CMSA) and business intelligence/data analysis through the Corporate Finance Institute [1] Media Presence - Anthony has a growing presence on YouTube, where he discusses REITs and shares insights from his investment portfolio [1] - He has participated in numerous business and innovation conferences, enhancing his visibility in the financial community [1]

Core Insights - LPL Financial has acquired a minority ownership stake in Private Advisor Group, enhancing strategic alignment and enabling innovation and advisor growth [1][2][3] Company Overview - Private Advisor Group is a leading financial services firm with over $41.3 billion in assets under management as of June 30, 2025 [6] - LPL Financial supports over 32,000 financial advisors and manages approximately $2.3 trillion in brokerage and advisory assets for around 8 million Americans [8] - Merchant Investment Management, a partner in this investment, manages over $300 billion in assets across 125 partner firms and RIA practices [10] Strategic Implications - The partnership aims to deepen collaboration among Private Advisor Group, LPL Financial, and Merchant, focusing on enhancing resources for practice management and succession planning [1][4] - The investment is expected to create new opportunities for advisors while allowing Private Advisor Group to maintain its independent brand [5] Historical Context - The relationship between Private Advisor Group and LPL Financial has been built over nearly 30 years, emphasizing shared values in driving advisor success [3] - Since partnering with Merchant in 2021, Private Advisor Group has made significant investments in technology and resources, including the launch of the WealthSuite investment management platform [3]

Core Insights - LPL Financial has acquired a minority stake in Private Advisor Group (PAG), which manages over $41.3 billion in client assets, enhancing their long-standing partnership [1][2] - The investment aims to align both firms more closely, as LPL custodies approximately 90% of PAG's advisory assets and serves as its broker/dealer [2][3] - The partnership is expected to facilitate resource sharing and operational support, enhancing the experience for advisors and clients [7] Group 1: Investment Details - LPL Financial's minority investment in PAG follows a previous investment by Merchant Investment Management in 2021 [1] - PAG's legacy leadership team retains majority ownership and control, ensuring continuity in management [2] - The investment is seen as a strategic move to deepen the alignment between LPL and PAG, focusing on mutual success [3] Group 2: Strategic Objectives - The partnership aims to create value for independent advisors by leveraging the strengths of both firms [3][5] - LPL's operational capabilities are expected to enhance PAG's offerings, particularly in succession planning and advisor transitions [5][6] - The collaboration will allow both firms to share best practices and resources more effectively than before [5][7]