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] - The partnership aims to expand resources for practice management and succession planning, supporting advisors in sustaining their businesses long-term [1][4] - Private Advisor Group will continue to operate independently while leveraging the strengths of LPL and Merchant to create new opportunities for advisors [5] Company Overview - Private Advisor Group, founded in 1997, manages over $41.3 billion in assets as of June 30, 2025, focusing on improving financial outcomes for individual investors and supporting independent financial advisors [6] - LPL Financial is among the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and managing approximately $2.3 trillion in assets on behalf of around 8 million Americans [8] - Merchant Investment Management provides growth capital and strategic guidance to independent financial services companies, managing over $300 billion in assets across 125 partner firms [10]

Core Insights - Longstreet Wealth Management has joined LPL Financial's broker-dealer and Registered Investment Advisor platform, managing approximately $175 million in advisory, brokerage, and retirement plan assets [1][9] - The team consists of Taylor Graves and Wayne Pierson, who bring nearly four decades of combined experience and serve a diverse client base including retirees, small business owners, farmers, ranchers, and entrepreneurs [2] Client Relationship Approach - The team emphasizes a personal touch and genuine empathy in client interactions, aiming to help clients navigate uncertainties and fears while maintaining balanced expectations [3] - By intentionally serving fewer clients, the team can build deeper relationships and provide thoughtful care [3] Reasons for Choosing LPL Financial - Longstreet Wealth Management sought greater flexibility and advanced technology for their clients, leading them to align with LPL [4] - The integration of LPL's technology platform with their existing customer relationship management software is expected to enhance efficiency and client experience [5] - LPL Financial offers more robust options in the alternative investments space, which is an attractive feature for the team [6] LPL Financial 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 [8]

Group 1: Fund Performance - Baron FinTech Fund experienced a decline of 4.29% in Q3 2025, compared to a 1.90% decline for the FactSet Global FinTech Index [1] - Since inception, the fund has achieved an annualized return of 11.10%, outperforming the benchmark's 4.00% return [1] - Market strength in the quarter was driven by the resumption of Federal Reserve rate cuts and optimism surrounding AI [1] Group 2: LPL Financial Holdings Inc. Overview - LPL Financial Holdings Inc. (NASDAQ:LPLA) reported a one-month return of 9.05% and a 52-week gain of 17.73% [2] - As of November 14, 2025, LPL Financial's stock closed at $370.59 per share, with a market capitalization of $29.809 billion [2] Group 3: LPL Financial Holdings Inc. Analysis - Weakness in Tech-Enabled Financials was attributed to declines in insurance holdings, with LPL Financial being a significant contributor to relative losses in this category [3] - Expectations for faster interest rate cuts negatively impacted LPL's stock, as lower rates reduce interest income on client cash [3] - LPL is currently integrating a sizable acquisition of Commonwealth Financial Network, which is expected to drive growth over time but offers limited near-term earnings upside [3] Group 4: Hedge Fund Interest - LPL Financial Holdings Inc. was held by 61 hedge fund portfolios at the end of Q2 2025, a slight decrease from 63 in the previous quarter [4] - While LPL is recognized for its investment potential, certain AI stocks are viewed as having greater upside potential and lower downside risk [4]

New solution offers FDIC protection and modern banking tools — all within LPL’s integrated platformSAN DIEGO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, today announced the launch of its Cash Management Account (CMA), a solution designed to simplify clients’ financial lives by integrating traditional banking features with investing. The CMA combines the convenience of modern banking features with the strategic benefits of investment flexibility. Clients can manage ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A trio of Commonwealth Financial Network teams totaling nearly $400 million in assets is leaving for Savvy Advisors in the wake of LPL Financial’s acquisition of Commonwealth. It’s the latest defection as LPL strives to meet its goal of retaining 90% of Commonwealth advisors. The moves push Savvy’s total wealth manager count above 100. The teams from Commonwealth include Innovative Financial Solut ...

Financial Performance - The company reported a net loss of $29.5 million, or a loss of $0.37 per diluted share, for Q3 2025, compared to a net income of $255.3 million, or $3.39 per diluted share, in Q3 2024[33]. - Adjusted net income for Q3 2025 was $418.2 million, with adjusted earnings per share at $5.20, compared to $313.4 million and $4.16 per diluted share in Q3 2024[33]. - Total revenue for the three months ended September 30, 2025, was $4.55 billion, up 46.5% from $3.11 billion in the same period of 2024[40]. - Gross profit for the three months ended September 30, 2025, was $1.5 billion, a 31% increase from $1.1 billion for the same period in 2024[37]. - The net loss for Q3 2025 was $(29,517), compared to a net income of $255,303 in Q3 2024, with a net income of $562,305 for the nine months ended September 30, 2025, down 29% from $787,867[68]. Acquisition and Expenses - Acquisition-related expenses of $419.0 million were incurred at the closing of the Commonwealth acquisition, significantly impacting the net loss for the quarter[33]. - The company closed the acquisition of Commonwealth Financial Network for approximately $2.7 billion on August 1, 2025, with asset transition expected to complete by Q4 2026[32]. - Total expenses for the three months ended September 30, 2025, were $4,586.1 million, significantly higher than $2,761.0 million in the same period of 2024[50]. - Acquisition costs for the three months ended September 30, 2025, totaled $538.2 million, a substantial rise from $22.2 million in the same period of 2024[55]. - The company incurred $419.0 million of acquisition costs at the Commonwealth closing, primarily related to transaction bonuses and contract termination fees[57]. Advisory and Brokerage Assets - Total advisory and brokerage assets served reached $2.3 trillion as of September 30, 2025, up 44% from $1.6 trillion a year earlier[34]. - Net new advisory assets totaled $229.0 billion for Q3 2025, compared to $23.7 billion in Q3 2024, with advisory assets at $1.3 trillion, representing 58% of total assets[35]. - Corporate advisory assets increased to $1,022.1 billion in September 2025, a 65% increase from $618.8 billion in September 2024[72]. - The market impact on advisory assets for Q3 2025 was $57.2 billion, compared to $39.2 billion in Q3 2024, indicating positive market conditions[72]. - Total net new assets for the three months ended September 30, 2025, were $307.7 billion, compared to $27.5 billion for the same period in 2024, marking a 1025% increase[39]. Revenue Breakdown - Advisory revenue for Q3 2025 reached $2,210,499, a 60% increase from $1,378,050 in Q3 2024, and for the nine months ended September 30, 2025, it was $5,617,482, up 45% from $3,866,024 in the same period last year[68]. - Total commission revenue for Q3 2025 was $1,187,455, a 47% increase from $806,532 in Q3 2024, and for the nine months ended September 30, 2025, it was $3,273,299, up 40% from $2,340,024[76]. - Sales-based commission revenue for Q3 2025 was $695,029, a 62% increase from $429,132 in Q3 2024, and $1,924,859 for the nine months ended September 30, 2025, up 56% from $1,237,437[76]. - Asset-based revenue for Q3 2025 increased by $156.1 million compared to Q3 2024, driven by higher client cash and other asset-based revenue[80]. - Other revenue increased for the three and nine months ended September 30, 2025, primarily due to an increase in unrealized gains in deferred compensation plan assets compared to 2024[86]. Market and Economic Conditions - The S&P 500 and Russell 2000 indices rose by 8.12% and 12.4%, respectively, during the third quarter of 2025, indicating a strong equity market performance[64]. - The Federal Reserve lowered the target federal funds rate to a range of 4.00% to 4.25% during the third quarter of 2025, impacting short-term interest rates[65]. - The company's financial performance is influenced by market trends, including retail investor sentiment and interest rate fluctuations[13]. Operational Metrics - The company aims to continuously improve its operations and service offerings in response to market developments and regulatory changes[30]. - The company expects to realize projected savings and improvements to its operating model as a result of its investments and acquisitions[13]. - The leverage ratio increased to 2.04 as of September 30, 2025, compared to 1.61 a year earlier[44]. - The effective income tax rate for the three months ended September 30, 2025, was 13.5%, down from 26.5% in 2024, primarily due to state tax reserves[97]. - The number of advisors increased to 32,128 in Q3 2025, up from 23,686 in Q3 2024, representing a 35.5% growth[40].

Core Insights - LPL Financial (LPLA) reported better-than-expected third-quarter 2025 results, with adjusted earnings of $5.20 per share, exceeding the Zacks Consensus Estimate of $4.47 and reflecting a 25% year-over-year growth [1][8] - The company experienced a significant revenue increase of 46.4% year over year, totaling $4.55 billion, which also surpassed the Zacks Consensus Estimate of $4.34 billion [3][8] - Total expenses rose sharply by 66.1% to $4.59 billion, primarily due to increases in all cost components except other expenses [3] Financial Performance - LPL Financial's total brokerage and advisory assets reached $2,314.5 billion, marking a 45.4% increase year over year, exceeding the estimate of $2,126.8 billion [4] - The company recorded total net new assets of $307.7 billion in the reported quarter, with client cash balances rising 21.8% year over year to $55.8 billion [4] Balance Sheet Analysis - As of September 30, 2025, total assets were $18.03 billion, reflecting a 3.2% sequential increase, while cash and cash equivalents decreased to $1.34 billion from $4.19 billion in the previous quarter [5] - Total stockholders' equity was $5.04 billion, showing a slight sequential decline [5] Strategic Outlook - LPL Financial's recruiting efforts and advisor productivity are expected to continue supporting advisory revenues, alongside strategic acquisitions and a strong balance sheet [6] - However, rising expenses and uncertainties in capital markets may negatively impact commission revenues [6] Peer Comparisons - Interactive Brokers (IBKR) reported adjusted earnings per share of 57 cents, surpassing estimates and reflecting a 42.5% year-over-year increase, driven by revenue growth and reduced expenses [7] - Charles Schwab (SCHW) achieved adjusted earnings of $1.31 per share, exceeding estimates and showing a 70% year-over-year increase, supported by strong asset management performance and higher trading revenues [9]

Platform enhancements build on the most competitive advisory offering in the industrySAN DIEGO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, today announced a reduction in fees and a simplified pricing structure across its advisory platforms, delivering meaningful savings in high-demand programs and helping advisors expand access to high-value investment solutions. Effective July 1, 2026, fees will be lowered for advisors across LPL’s Strategic Asset Management (SAM ...

Core Insights - LPL Financial Holdings Inc. reported a revenue of $4.49 billion for the quarter ended September 2025, marking a 44.6% increase year-over-year, with an EPS of $5.20 compared to $4.16 in the same quarter last year, exceeding both revenue and EPS estimates [1] Financial Performance - Revenue exceeded the Zacks Consensus Estimate of $4.34 billion by 3.65%, while EPS surpassed the consensus estimate of $4.47 by 16.33% [1] - Total Advisory and Brokerage Assets reached $2,314.50 billion, higher than the estimated $2,268.12 billion [4] - The number of advisors increased to 32,128, surpassing the average estimate of 31,123 [4] Revenue Breakdown - Revenue from commissions was $1.19 billion, exceeding the average estimate of $1.15 billion, reflecting a year-over-year increase of 47.2% [4] - Service and fee revenue was reported at $174.72 million, above the estimate of $168.63 million, with a year-over-year growth of 19.9% [4] - Advisory revenue reached $2.21 billion, compared to the estimated $2.08 billion, showing a significant year-over-year increase of 60.4% [4] - Asset-based fees generated $782.28 million, slightly below the average estimate of $788.59 million, but still reflecting a year-over-year increase of 24.9% [4] Stock Performance - LPL Financial's shares returned +8.4% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. LPL Financial closed on its acquisition of Commonwealth Financial Network, the Waltham, Mass.-based independent broker/dealer with 3,000 advisors and $305 billion in assets, in August. Since then, many Commonwealth advisors have decamped for other broker/dealers, including $1 billion in assets that left this week.   However, on a third-quarter earnings call on Thursday, CEO Rich Steinmeier ...