☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☐ 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 in ...

| --- | --- | --- | --- | |-------|------------------|-----------------------------------------------------------|---------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | October 28, 2021 | LPL FINANCIAL HOLDINGS, INC. Q3 2021 EARNINGS KEY METRICS | | | | | | | | | | | LPL Financial Member FINRA/SIPC | Notice to Investors: Safe Harbor Statement Statements in this presentation regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, the "Company") fut ...

Financial Data and Key Metrics Changes - Total assets reached a new high of $1.13 trillion, up 40% year-over-year, driven by organic growth and equity market appreciation [8] - EPS prior to intangibles and acquisition costs was $1.77, an increase of 23% from the previous year [13][38] - Gross profit reached a new high of $631 million, up $29 million or 5% sequentially [38] Business Line Data and Key Metrics Changes - Net new assets for the third quarter were $27 billion, translating to a 10% annualized growth rate [8][36] - Recruited assets were $13 billion in Q3, bringing the total for the past year to $83 billion [9][37] - Advisory net new assets were $21 billion, representing a 16% annualized growth rate, with advisory assets now making up 52% of total assets [37] Market Data and Key Metrics Changes - The company saw solid recruiting results across markets, with $10 billion in traditional independent model and $2.5 billion in new affiliation models [10] - Asset retention was approximately 98% in Q3, indicating strong client engagement [12] Company Strategy and Development Direction - The long-term vision is to redefine the independent model and become a leader in the advisor marketplace [14] - The company is focused on enhancing advisor experience through new capabilities and technology, aiming for sustainable organic growth and increased market share [15] - Four strategic plays include expanding addressable markets, differentiating advisor capabilities, creating an industry-leading service experience, and helping advisors run successful businesses [16][20][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing sustainable growth from financial institutions and the potential for continued organic growth [17][56] - The company is preparing to onboard CUNA Brokerage Services in the middle of next year, which is expected to contribute to growth [35] Other Important Information - The company has tightened its 2021 core G&A outlook to a range of $1 billion 45 million to $1 billion 60 million, reflecting the onboarding of Waddell & Reed [46] - The share repurchase program was restarted, with $40 million of shares bought back to offset dilution [50] Q&A Session Summary Question: Recruiting trends and business solutions penetration - Management highlighted excitement about opportunities in traditional bank outsourcing markets and the potential for growth in business solutions, indicating significant upside in penetration rates [56][58] Question: Guidance and inflation pressures - Updated guidance reflects organic growth and variable costs associated with supporting it, with a focus on delivering operating leverage [63] Question: ICA strategy and demand evolution - Demand for both floating and fixed rate contracts is improving, with more conversations occurring in the market [66][68] Question: Digital offering evolution - The company is investing in digital capabilities to enhance the advisor's value proposition and streamline operational processes [90][94] Question: RIA custody offering traction - The re-launch of the RIA custody offering has seen a positive response, with several advisors onboarded and a solid pipeline building [98][100]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (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, 2021 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 4707 Executiv ...

LPL Financial Holdings Inc. (NASDAQ:LPLA) Q2 2021 Earnings Conference Call July 29, 2021 5:00 PM ET Company Participants Dan Arnold - President and CEO Matt Audette - CFO Conference Call Participants Steven Chubak - Wolfe Research Bill Katz - Citigroup Michael Cyprys - Morgan Stanley Kyle Voigt - KBW Alex Blostein - Goldman Sachs Devin Ryan - JMP Securities LLC. Operator Good afternoon. And thank you for joining the second quarter 2021 earnings conference call for LPL financial holdings, Inc. Joining the ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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 incorp ...

Financial Data and Key Metrics Changes - Total assets reached over $950 billion, up more than 40% year-over-year [7] - First quarter net new assets were $29 billion, translating to a 13% annualized growth rate [8] - Earnings per share (EPS) prior to intangibles and acquisition costs was $1.77 [10][26] - Gross profit reached a new high of $579 million, up 9% sequentially [27] Business Line Data and Key Metrics Changes - Advisory net new assets were $23 billion, representing a 20% annualized growth rate [25] - Recruited assets in Q1 were the strongest in history at $24 billion, contributing to a total of $56 billion over the past year [25][26] - Business Solutions subscriptions increased to about 1,700, generating annualized revenue of approximately $19 million [20] Market Data and Key Metrics Changes - Total advisory and brokerage assets increased to $958 billion, up 6% from Q4 [24] - Client cash revenues were $97 million, down $8 million from Q4 due to lower client cash yields [28] Company Strategy and Development Direction - The company aims to redefine the independent model and expand its leadership across the advisor-centered marketplace [10][11] - Four strategic plays include meeting advisors where they are, providing capabilities for differentiation, creating an industry-leading service experience, and helping advisors run successful businesses [11][19] - The company is focused on M&A as a complement to organic growth, with the acquisition of Waddell & Reed expected to enhance capabilities and retention [33][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline for new affiliation models and the onboarding of large partners [12][24] - The company anticipates continued strong organic growth and expects to onboard three large partners, adding approximately $100 billion of AUM [24] - Management remains focused on investing in technology and automation to support growth and improve service delivery [91][94] Other Important Information - The company released its 2021 sustainability report, emphasizing the importance of sustainable business practices [21] - The acquisition of Waddell & Reed is progressing well, with a higher retention rate than initially estimated [33][34] Q&A Session Summary Question: Acceleration in Strategic Wealth Services - Management noted that the acceleration is due to improved positioning in the marketplace and enhanced talent on the business development team [41][43] Question: Fixed to Float Strategy - Management confirmed the long-term goal of having 50% to 75% of the portfolio fixed, while acknowledging current low demand for deposits [44][46] Question: M&A Appetite - Management indicated that strong retention rates from recent acquisitions may increase appetite for more transformational deals [49][50] Question: Centrally Managed Platform Demand - Management highlighted strong demand driven by onboarding large partners and ongoing enhancements to the platform [54][55] Question: Retention Rates - Management expressed optimism about maintaining high retention rates, attributing stability to ongoing investments in service and capabilities [61][62] Question: Expense Guidance - Management clarified that guidance for core G&A does not include Waddell & Reed expenses, which will ramp up over time [66][68] Question: Capacity to Support Growth - Management emphasized the importance of investing in technology and maintaining service quality to support expected growth [90][92]

| --- | --- | --- | |---------------------------------|------------------------------|---------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q1 2021 EARNINGS KEY METRICS | | | Q1 2021 Earnings April 29, 2021 | LPL Financial Holdings Inc. | | | | | LPL Financial Member FINRA/SIPC | Notice to Investors: Safe Harbor Statement Statements in this presentation regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, the "Company") future fina ...

| --- | --- | |------------------------------------------------------|-------------------| | | | | | | | | | | LPL Financial | | | | | | Credit Suisse 22nd Annual Financial Services Forum | | | February 24, 2021 | | | | | | | Member FINRA/SIPC | Notice to Investors: Safe Harbor Statement Statements in this presentation regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, the "Company") future financial and operating results, growth, priorities, business strategies and outlook, including ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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) Delaware 20-3717839 (State or other jurisdiction of inc ...