SAN DIEGO, Jan. 09, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), the parent corporation of LPL Financial LLC, announced today it will report fourth quarter and full year financial results after the market closes on Thursday, January 30. The Company will host a conference call to discuss its results at 5 p.m. ET the same day.The conference call will be accessible and available for replay at investor.lpl.com/events. Contacts Investor Relationsinvestor.relations@lplfinan ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider LPL Financial Holdings Inc. (LPLA) . This company, which is in the Zacks Financial - Investment Bank industry, shows potential for another earnings beat.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.37 ...

Company Overview - LPL Financial LLC announced the addition of father and son financial advisors Bart Lewellyn and Alex Lewellyn to its broker-dealer, RIA, and custodial platforms [1] - The Lewellyns reported serving approximately $320 million in advisory, brokerage, and retirement plan assets [1] - They joined LPL from Osaic and rebranded their practice from Lewellyn Financial Management to Lewellyn Wealth [4] Business Model and Services - Bart Lewellyn established the firm in 1995 to help clients accumulate wealth and invest assets in a goal-oriented manner [2] - Alex Lewellyn joined the firm in 2012, and together they provide investment services, retirement planning, insurance strategies, and complex planning services [2] - Their client base includes lineman engineers, business owners, and multigenerational families [2] - The Lewellyns prioritize providing clients with a comprehensive understanding of investment options and focus on those with the greatest potential for success [3] Strategic Transition to LPL - The Lewellyns chose LPL after an extensive due diligence process, seeking independence, discretion, and the ability to operate in their clients' best interests [4] - LPL offers innovative technology, support, and flexible solutions, which align with the Lewellyns' commitment to high-level client service [4] - Scott Posner, LPL Executive Vice President, emphasized LPL's vision to support advisors in maximizing their success and building stronger client connections [4] Industry Context - LPL Financial Holdings Inc is one of the fastest-growing wealth management firms in the US, supporting over 28,000 financial advisors and approximately 1,200 financial institutions [6] - The firm services and custodies approximately $1.8 trillion in brokerage and advisory assets on behalf of 6 million Americans [6] - LPL provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services [6] Media and Contact Information - Media contact details for LPL Financial are provided, including an email address and phone number [9]

SAN DIEGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor John Somerville has joined LPL's employee advisor channel, Linsco by LPL Financial, to launch Somerville Wealth Management. He reported serving approximately $280 million in advisory, brokerage and retirement plan assets* and joins LPL from D.A. Davidson & Co. He will operate from a new Linsco office in Santa Barbara, Calif. With more than 40 years of experience in the financial services industry, Somervill ...

Core Insights - LPL Financial is enhancing its financial technology and investment solutions to improve advisor-client interactions and deliver personalized financial advice [1][2][3] Investment in Technology - In 2024, LPL invested approximately $500 million in technology innovation and infrastructure enhancements, resulting in over 250 new product enhancements that positively impacted advisor and client experiences [2] - The firm launched AI Advisor Solutions to help advisors integrate AI tools while managing compliance and regulatory risks, with plans to expand AI-powered solutions in the coming year [3] Technology Enhancements - Key updates in Q4 include a modernized money disbursement process, redesigned mobile app interface, enhanced client reporting capabilities, and advanced portfolio modeling tools in the ClientWorks platform [4] - The ClientWorks Rebalancer received updates to improve user experience, including session history viewing and a streamlined dashboard [4] Leadership Expansion - LPL has strengthened its technology leadership by appointing Sid Vyas as Chief Technology Officer of Infrastructure and Operations and Renana Friedlich as Chief Information Security Officer [5] Industry Recognition - LPL received the "Artificial Intelligence—Customer Engagement" award at the Datos Insights 2024 Digital Wealth Management Impact Awards, and several executives were recognized with ORBIE® Awards for their technology leadership [6] Company Overview - LPL Financial Holdings Inc. is a leading wealth management firm in the U.S., supporting over 28,000 financial advisors and approximately 1,200 financial institutions, managing around $1.8 trillion in assets for 6 million Americans [8]

LPL Financial (LPLA) witnessed a rise in total brokerage and advisory assets in November 2024. The metric was $1.76 trillion, which grew 5.1% from the prior month and 35.3% year over year.LPLA’s Performance BreakdownOf LPLA’s total assets, brokerage assets were $785.6 billion and advisory assets amounted to $973.8 billion. Brokerage assets jumped 3% from October 2024 and 31.3% year over year. Advisory assets were up 6.9% from the previous month and 38.7% from November 2023.Total net new assets (NNAs) were $ ...

SAN DIEGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC (“LPL Financial”), a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”), today released its monthly activity report for November 2024. Total advisory and brokerage assets at the end of November were $1.76 trillion, an increase of $86.0 billion, or 5.1%, compared to the end of October 2024. Total net new assets for November were $35.0 billion, which included $0.8 billion of acquired net new assets resulting from ...

SAN DIEGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Jeffrey Grange, CWS® has joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Grange Wealth Management of LPL Financial. He reported serving approximately $300 million in advisory, brokerage and retirement plan assets* and joins LPL from D.A. Davidson & Co. He will operate from a new Linsco office in Santa Barbara, Calif. Grange’s journey into financial services followed tenures as a co ...

SAN DIEGO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Marc Cohen has been promoted to managing director, Business Strategy and Innovation, and has joined the LPL Financial Management Committee. In this role, Marc will continue to lead the development of the firm’s corporate strategy and expand his responsibilities to include leading business line and affiliation strategy for independent advisors, large enterprises and institutional channels. In addition, Cohen now leads the com ...

LPL Financial (LPLA) shares jumped 3.1% since last week’s announcement of a rise in total brokerage and advisory assets at the end of October 2024. The metric was $1.67 trillion, which grew 5.1% from the prior month and 37.2% year over year. The rise was driven by robust market performance and the acquisition of Atria Wealth Solutions, Inc.Of LPLA’s total assets, brokerage assets were $762.7 billion and advisory assets amounted to $910.6 billion. Brokerage assets jumped 8.9% from September 2024 and 34.8% ye ...