LPL Financial(US:LPLA)2025-07-31 21:00LPL Financial Overview - LPL Financial has ~$1.9 trillion in assets, serving ~29,400 advisors [13] - The company's advisory and brokerage assets reached $1.919 trillion in Q2'25 [16] - LPL's adjusted EPS* is $18.07 [16] Market Position and Growth - LPL Financial is an industry leader with scale advantages and structural tailwinds [12] - The company's total organic net new assets (NNA) annualized growth is 12.4% [16] - The independent channel is gaining market share in the U.S retail advisor-mediated market [19] Strategic Initiatives - LPL Financial is expanding its market share by providing industry-leading flexibility and value-added capabilities [21] - The company's horizontal expansion strategy enables it to meet all ~300,000 advisors where they are [23] - LPL Financial is extending its vertical integration by solving for the needs of advisors at every stage of their practice [36] Financial Performance and Capital Management - LPL Financial's gross profit* contribution is $4.9 billion [16] - The company's leverage ratio is 1.23x [16] - LPL Financial estimates an annual EBITDA* benefit of ~$415 million from the Commonwealth Financial Network acquisition when fully ramped [120]