Core Insights - LPL Financial LLC announced the addition of financial advisors Steve Schulte and Melissa Toler Short to its employee advisor channel, Linsco by LPL Financial, where they will launch Southwest Advisory Group, managing approximately $300 million in advisory, brokerage, and retirement plan assets [1][8] Group 1: Advisors' Background and Experience - Steve Schulte has 25 years of experience in financial guidance and wealth management, transitioning from an initial career in agriculture [2] - Melissa Toler Short moved to financial services from the hospitality industry in 2006, and both advisors formed a partnership after meeting at their local Rotary Club [2] Group 2: Reasons for Joining LPL - The advisors chose Linsco by LPL for its independence, allowing them to own client relationships and operate their practice flexibly [4] - Schulte emphasized that LPL's commitment to advisor support and lack of corporate influence makes it an ideal partner for enhancing their practice [5] - Short noted that LPL provides ample tools and resources to strengthen advisor-client relationships, enabling them to focus on client service and business growth [5] Group 3: Community Involvement - Both advisors are actively involved in their community, with long-term memberships in Rotary International and the Yuma Elk Lodge, highlighting their commitment to community service [5] Group 4: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and managing approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [8]

Core Insights - LPL Financial LLC has welcomed financial advisors Carmen M. Lex Jr. and Chris Lex, who bring approximately $630 million in advisory, brokerage, and retirement plan assets to the firm [1][2] - The Lex brothers have established a reputation for tailored investment strategies and quality service since 2014, specializing in financial planning and pension analysis [2][3] - Their move to LPL Financial is driven by a desire for independence and a commitment to providing personalized financial guidance through their new firm, Lex Wealth Management [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 $1.7 trillion in brokerage and advisory assets [6] - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to choose the business model and resources that best fit their needs [6]

SAN DIEGO, Feb. 06, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Jared Roskelley, CFP®, and Kyle Robertson, CFP®, of Jackson/Roskelley Wealth Advisors have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $345 million in advisory, brokerage and retirement plan assets* and join LPL from Ameriprise. Based in Scottsdale, Ariz., Jackson/Roskelley Wealth Advisors was founded on the principl ...

SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Rich Steinmeier, Chief Executive Officer, will present at the Bank of America Securities Financial Services Conference on February 12. The presentation takes place at 11:20 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@lplfinan ...

SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that the advisors at Charter Oak Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with existing firm Academy Financial. They reported serving approximately $600 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic. Based in Hartford County, Conn., Charter Oak Wealth Partners was founded in 2016 by Gary Paul, CRPC®, although the practice’s roots date back ...

Core Insights - LPL Financial Holdings Inc. reported $3.51 billion in revenue for Q4 2024, a year-over-year increase of 32.9% and exceeding the Zacks Consensus Estimate of $3.35 billion by 4.85% [1] - The company's EPS for the same period was $4.25, compared to $3.51 a year ago, representing an EPS surprise of 8.42% against the consensus estimate of $3.92 [1] Financial Performance Metrics - Total Advisory and Brokerage Assets reached $1,740.7 billion, below the average estimate of $1,767.07 billion [4] - Brokerage Assets were reported at $783.7 billion, slightly lower than the estimated $794.94 billion [4] - Advisory Assets totaled $957 billion, compared to the average estimate of $972.13 billion [4] - The number of advisors increased to 28,888, surpassing the average estimate of 26,310 [4] Revenue Breakdown - Advisory revenue was $1.60 billion, exceeding the estimated $1.51 billion, marking a 47% increase year-over-year [4] - Commission revenue was reported at $965.46 million, above the estimated $882 million, reflecting a 41.5% year-over-year change [4] - Service and fee revenue was $139.12 million, slightly below the average estimate of $146.89 million, with a year-over-year change of 6.5% [4] - Transaction revenue was $61.54 million, in line with the estimate of $61.50 million, showing a 14.3% year-over-year increase [4] - Asset-based fees revenue was $669.78 million, compared to the average estimate of $682.09 million, with a year-over-year change of 15.3% [4] - Sales-based commission revenue was $525.80 million, exceeding the estimated $461.10 million, representing a 47.7% year-over-year increase [4] - Trailing commission revenue was $439.67 million, slightly above the average estimate of $430.86 million, with a year-over-year change of 34.7% [4] Stock Performance - LPL Financial's shares have returned +10.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - LPL Financial Holdings Inc. reported quarterly earnings of $4.25 per share, exceeding the Zacks Consensus Estimate of $3.92 per share, and showing a year-over-year increase from $3.51 per share [1][2] Financial Performance - The company achieved revenues of $3.51 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.85%, compared to $2.64 billion in the same quarter last year [2] - Over the last four quarters, LPL Financial has consistently exceeded consensus EPS estimates [2] Stock Performance - LPL Financial shares have increased approximately 10.9% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $4.40 on revenues of $3.47 billion, and for the current fiscal year, it is $19.40 on revenues of $14.63 billion [7] - The estimate revisions trend for LPL Financial is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Financial - Investment Bank industry is currently ranked in the top 2% of over 250 Zacks industries, suggesting a strong outlook for companies within this sector [8]

LPL Financial Holdings Inc. Q4 2024 Investor Presentation January 30, 2025 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 financial and operating results, growth, plans, priorities, business strategies, capabilities, and outlook, including forecasts and statements relating to the Company's future advisory and brokerage asset levels and mix, organic asset ...

Financial Performance - Net Income for Q4 2024 was $271 million, translating to diluted EPS of $3.59, up 26% year-over-year[5] - Adjusted EPS for the full year 2024 increased 5% year-over-year to $16.51, with gross profit rising 12% to $4.50 billion[2] - Total revenue for Q4 2024 reached $3,512,351,000, a 13% increase from Q3 2024 and a 33% increase from Q4 2023[17] - Total revenue for the year 2024 was $12,385,107,000, a 23% increase from $10,052,848,000 in 2023[20] - The company reported a diluted EPS of $14.03 for 2024, compared to $13.69 in 2023, showing a year-over-year increase of 2.5%[65] - Net income for Q4 2024 was $270.7 million, up 25% from $217.6 million in Q4 2023, while adjusted net income increased to $320.3 million, representing a 19.5% year-over-year growth[63] - EBITDA for 2024 reached $2.11 billion, compared to $1.99 billion in 2023, marking an increase of 6.3%[61] - Adjusted EBITDA for Q4 2024 was $584.8 million, up 22% from $479.7 million in Q4 2023[60] Assets and Liabilities - Total advisory and brokerage assets increased 29% year-over-year to $1.7 trillion, with advisory assets up 30% to $957 billion[2] - Total assets as of December 31, 2024, were $13,317,404,000, an increase from $11,941,875,000 in Q3 2024[22] - Total liabilities increased to $10,386,802,000 as of December 31, 2024, compared to $9,170,124,000 in Q3 2024[22] - The total advisory and brokerage assets under custody reached $2.67 trillion, demonstrating robust growth in asset management capabilities[68] Client Engagement and Growth - Total organic net new assets for the full year 2024 were $141 billion, representing a 10% growth rate, up from 9% in 2023[2] - Recruited assets for the year reached a record $149 billion, up approximately 86% from the previous year[2] - The advisor count increased to 28,888, up 5,202 sequentially and 6,228 year-over-year[2] - Total client cash balances rose to $55.1 billion in Q4 2024, an increase of 20% from Q3 2024 and 14% from Q4 2023[31] - Total client deposits into advisory or brokerage accounts increased significantly, reflecting strong client engagement and retention strategies[69] Revenue Breakdown - Advisory revenue increased to $1,595,834,000, up 16% from Q3 2024 and 47% from Q4 2023[17] - Total commission revenue rose to $965,463,000, reflecting a 20% increase from Q3 2024 and a 41% increase from Q4 2023[17] - The company reported a 32% increase in advisory revenue for the year 2024, totaling $5,461,858,000 compared to $4,135,681,000 in 2023[20] - Advisory fees and commissions increased to $2,561.3 million in Q4 2024, a 17% increase from Q3 2024 and a 45% increase from Q4 2023[25] Expenses and Costs - The company’s total expenses for the year 2024 were $10,992,215,000, reflecting a 28% increase from $8,608,073,000 in 2023[20] - Core G&A for 2024 was $1,515 million, with a 2025 outlook range of $1,560 million to $1,600 million excluding Prudential and Atria[9] - Acquisition costs for 2024 totaled $105.9 million, a significant increase from $48.1 million in 2023, reflecting a 120% rise[59] - Total advisory and commission expense for Q4 2024 was $2,250.4 million, representing a 15.5% increase from Q3 2024 and a 40% increase from Q4 2023[54] Regulatory and Other Charges - Regulatory charges for 2024 included an $18 million charge related to a settlement with the SEC, in addition to a $40 million charge in 2023[61] - The company recorded $135.2 million in amortization of other intangibles for 2024, compared to $107.2 million in 2023, indicating a 26.1% increase[65] - The departure of the former CEO resulted in a net other income of $26.4 million in Q4 2024, after accounting for share-based compensation expenses[64] Acquisitions - The company onboarded $63 billion of assets from Prudential, with $40 billion transitioning in Q4 2024[9] - Atria acquisition was closed, with conversion expected to complete in mid-2025[9]

Key Financial Results - For Q4 2024, the company reported a net income of $271 million, translating to diluted earnings per share (EPS) of $3.59, which is a 26% increase from Q4 2023 [4][8] - Adjusted EPS increased by 21% year-over-year to $4.25 [4] - Gross profit rose by 22% year-over-year to $1,228 million [4] - Total revenue for Q4 2024 was $3,512 million, a 13% increase from the previous quarter [23] Key Business Results - Total advisory and brokerage assets increased by 29% year-over-year to $1.7 trillion [4] - Advisory assets grew by 30% year-over-year to $957 billion, representing 55.0% of total assets [4] - The company onboarded $63 billion of assets from Prudential in Q4 2024 [3][5] - Record recruited assets reached $79 billion, including $63 billion from Prudential [4] Key Capital and Liquidity Results - Total client cash balances increased by $9 billion sequentially to $55 billion [4] - Corporate cash stood at $479 million, with a leverage ratio of 1.89x [4] - Share repurchases amounted to $100 million, and dividends paid were $23 million in Q4 2024 [4] Key Updates - The company completed the acquisition of Atria and expects to finalize the conversion in mid-2025 [12] - In January 2025, the company onboarded the wealth management business of Wintrust, with $16 billion of brokerage and advisory assets [5] - The company plans to slow the growth of Core G&A in 2025, with an outlook range of $1,560 million to $1,600 million, excluding Prudential and Atria [12]