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M&A Deals Thriving in 2025: ETFs in Focus
ZACKS· 2025-10-03 13:01
Wall Street is experiencing a blockbuster year for mergers and acquisitions. So far, companies have announced 49 global transactions worth more than $10 billion each, according to Mergermarket, as quoted on Yahoo Finance. Such activities put focus on NYLI Merger Arbitrage ETF (MNA) . MNA is up about 8.6% so far this year.M&A value hit $3.39 trillion this year, although the deal count fell to an almost all-time low level. The above-said 49 megadeals were announced at a value of 986 billion — the highest reco ...
GSR to Acquire Portland Broker-Dealer Equilibrium Capital in U.S. Expansion Push
FinanceFeeds· 2025-10-02 20:00
Cryptocurrency market maker GSR has agreed to acquire Equilibrium Capital Services, a Portland-based broker-dealer registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority (FINRA). The deal, which is subject to regulatory approval, will give GSR a licensed entry point into U.S. securities markets. The company did not disclose financial terms. Expanding Regulated Access Equilibrium’s registration allows it to provide brokerage services under U.S. ...
LPL Financial (LPLA) Q2 EPS Jumps 16%
The Motley Fool· 2025-08-01 22:28
Core Insights - LPL Financial reported stronger-than-expected profitability for Q2 2025, with non-GAAP EPS of $4.51 and revenue of $3.84 billion, both exceeding analyst estimates [1][5] - The company experienced robust asset growth, although organic net new assets and advisor recruitment slowed compared to the previous period [1][7] Financial Performance - Non-GAAP EPS increased by 16% year-over-year from $3.88 to $4.51, while GAAP EPS rose by 5% from $3.23 to $3.40 [2] - Revenue grew by 31% year-over-year from $2.93 billion to $3.84 billion, driven by higher advisory and commission income [2][5] - Gross profit (non-GAAP) increased by 21% year-over-year, reflecting operational leverage and expansion [2][5] Business Overview and Strategy - LPL Financial is the largest independent broker-dealer in the U.S., providing financial advisors with investment solutions, custody, clearing services, compliance support, and technology tools [3] - The company's strategy focuses on scale and market leadership, a comprehensive suite of services, and flexibility in its advisor business model [4] Asset Growth and Client Metrics - Total advisory and brokerage assets reached $1.92 trillion, a 28% increase from the prior year, supported by equity market gains and onboarding of newly acquired platforms [6] - Advisory assets rose by 28% year-over-year to $1.06 trillion, while client cash balances increased by $7 billion year-over-year to $51 billion [6] Organic Growth and Advisor Recruitment - Organic net new assets were $21 billion, reflecting a 5% annualized growth rate, with a $4 billion outflow related to planned separation from large advisor organizations [7] - The previous quarter's organic net new assets were significantly higher at $71 billion, indicating a slowdown in advisor recruiting activity [7] Capital Allocation and Financial Health - The company allocated $105 million across nine merger and acquisition deals during the quarter, maintaining a debt-to-earnings ratio of 1.23x [9] - Fitch Ratings assigned a BBB credit rating to the company, which may improve future borrowing costs [9] Dividend and Future Guidance - A quarterly dividend of $0.30 per share was declared, payable on August 29, 2025 [10] - The company updated its full-year Core G&A expense outlook to a range of $1,730 million to $1,765 million for fiscal 2025, with a focus on operational efficiencies and integration of acquired businesses [11]