LPL Financial's (LPLA) total brokerage and advisory assets were $1.53 trillion at the end of July 2024, increasing 2.1% from the prior month and 19.6% year over year. The rise in the company's asset balance from April 2024 was mainly driven by a robust market performance. Of LPLA's total assets, brokerage assets were $678.7 billion and advisory assets amounted to $850.6 billion. Brokerage assets grew 1.5% from June 2024 and 14.3% year over year. Likewise, advisory assets rose 2.6% from the previous month an ...

SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Alberto Francis has joined LPL Financial's high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch Rockview Private Wealth. He reported having served approximately $725 million in advisory, brokerage and retirement plan assets* and joins LPL from Bank of America Private Bank. Francis, the son of Irish and Mexican immigrants, is a former NCAA Champion and All-American from ...

"We believe our clients deserve the highest level of service, which is why we take a team approach to add a broader perspective to all we do. Our goal is to provide a variety of comprehensive financial planning services and investment strategies with the understanding that each client is unique and deserves personalized attention and tailored services," George Englert said. Kevin Englert added, "We're also very excited about the opportunity to grow our team and evolve our business. As a Fortune 500 company, ...

Asset-Based 26 On February 13, 2024, the Company announced that it had entered into a definitive purchase agreement to acquire Atria, a wealth management solutions holding company headquartered in New York. As part of the agreement, Atria will transition its brokerage and advisory assets to the Company's platform. The Company expects to close the transaction in the second half of 2024 for an initial purchase price of approximately $805 million and potential contingent consideration of up to $230 million bas ...

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With 31 years of financial services experience, Rizza's unique background includes playing professional baseball within the Oakland A's minor league system followed by more than three years as an accountant at a CPA firm in New York City. "As I learned more about the financial services industry, I fell in love with the idea of helping families plan for a more secure financial future," said Rizza, who grew his business organically by word of mouth. The move to LPL was driven by Rizza's desire for enhanced se ...

Charles Schwab's (SCHW) second-quarter 2024 adjusted earnings of 73 cents per share met the Zacks Consensus Estimate. The bottom line, however, declined 3% from the prior-year quarter. As of Jun 30, 2024, LPL Financial's total brokerage and advisory assets were $1,497.8 billion, up 21% year over year. SCHW's results benefited from the solid performance of the asset management business, which drove revenues. The absence of fee waivers and solid brokerage account numbers acted as tailwinds. However, higher fu ...

View all Key Company Metrics for LPL Financial here>>> Shares of LPL Financial have returned -17.4% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. LPL Financial Holdings Inc. (LPLA) reported $2.93 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 18.8%. EPS of $3.88 for the same period compares to $3.94 a year a ...

LPL Financial Holdings Inc. (NASDAQ:LPLA) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Dan Arnold - President and Chief Executive Officer Matt Audette - Chief Financial Officer and Head of Business Operations Conference Call Participants Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Alex Blostein - Goldman Sachs Michael Cyprys - Morgan Stanley Kyle Voigt - KBW Michael Cho - J.P. Morgan Dan Fannon - Jefferies Brennan Hawken - UBS Operator Good afternoon, and thank ...

LPL Financial Holdings Inc. (LPLA) came out with quarterly earnings of $3.88 per share, beating the Zacks Consensus Estimate of $3.66 per share. This compares to earnings of $3.94 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's c ...