Core Insights - LPL Financial reported a total advisory and brokerage assets of $1.56 trillion at the end of August 2024, reflecting a month-over-month increase of $30.8 billion, or 2.0% [1] - The company achieved total net new assets of $6.8 billion in August, with organic net new assets amounting to $6.6 billion, indicating a 5.2% annualized growth rate [2] - Total client cash balances decreased to $43.3 billion, down by $0.7 billion from July 2024, with net buying activity recorded at $12.6 billion [3] Advisory and Brokerage Assets - Advisory assets reached $869.5 billion, up 2.2% from July 2024 and up 27.7% year-over-year [4] - Brokerage assets totaled $690.6 billion, reflecting a 1.8% increase month-over-month and a 17.0% increase year-over-year [4] - Total advisory and brokerage assets increased by 22.7% compared to August 2023 [4] Organic and Acquired Net New Assets - Organic net new advisory assets were $5.4 billion, translating to a 7.7% annualized growth rate [3] - Excluding off-boarded assets, total organic net new advisory assets were $9.1 billion, resulting in a 12.8% annualized growth rate [3] - Acquired net new assets amounted to $0.3 billion, with total net new assets of $6.8 billion for August [4] Client Cash Balances - Total client cash balances decreased by 1.6% month-over-month and 9.2% year-over-year [6] - Insured cash account sweep was $30.4 billion, down 2.3% from July 2024 [5] - Total bank sweep cash decreased to $39.7 billion, a decline of 1.2% from the previous month [5] Market Drivers - The S&P 500 Index closed at 5,648, reflecting a 2.3% increase from July 2024 and a 25.3% increase year-over-year [6] - The Russell 2000 Index decreased by 1.6% month-over-month but increased by 16.7% year-over-year [6] - The Fed Funds daily effective rate remained stable at 533 basis points [6]

Core Insights - LPL Financial LLC has welcomed Bury Financial Group to its broker-dealer, RIA, and custodial platforms, with the latter managing approximately $655 million in advisory, brokerage, and retirement plan assets [1] Company Overview - Bury Financial Group was founded in 1992 by Todd Bury in Youngstown, Ohio, initially operating as a one-man shop before expanding through a partnership with Brian Laraway in 2006 [2] - The firm has evolved into a full-service wealth management company, emphasizing long-term planning and collaboration among advisors [3] Client Relationship and Service Philosophy - The firm prioritizes close relationships with clients, aiming to treat them like family and enhance their quality of life through sound investments and innovative services [4] - Bury Financial Group's partnership with LPL Financial is seen as a strategic move to elevate their practice and provide differentiated service experiences [5] LPL Financial's Commitment - LPL Financial is dedicated to supporting advisors with an open architecture platform that offers flexibility and a wide range of investment products and services [5] - The firm serves over 23,000 financial advisors and is committed to the advisor-mediated model, allowing advisors the freedom to manage client relationships effectively [7]

LPL Financial Holdings Inc.'s (LPLA) solid advisor productivity, recruiting efforts and inorganic expansion initiatives are expected to continue to aid the top line. However, increasing expenses are likely to hurt the company's bottom line in the near term. LPLA's Key Growth Drivers Solid Advisor Productivity: LPLA benefits from its efforts to increase its client base. The company's advisory revenues, which constitute more than 43% of total revenues, witnessed a five-year (2018-2023) compound annual growth ...

Core Insights - LPL Financial LLC has opened a new 43,000-square-foot office in Tempe, Arizona, which will house 300 employees by the end of 2024, with plans for further expansion in the following year [1][2] - The Tempe office will focus on client service and operations, and LPL anticipates adding 700 jobs to the local economy over the next two years, targeting professionals in the growing financial services sector [2][3] - LPL Financial is recognized as one of the fastest-growing firms in wealth management, emphasizing its commitment to regions that nurture top talent, with Tempe being a strategic choice for its expansion [3][4] Company Overview - LPL Financial Holdings Inc. operates as a leader in the financial services market, serving over 23,000 financial advisors across approximately 1,000 institutions and 580 registered investment advisor firms nationwide [3][5] - The company promotes an advisor-mediated model, allowing financial advisors the freedom to choose their business models and manage client relationships effectively [5] - LPL Financial is committed to providing personalized guidance to clients, ensuring that advisors have the necessary resources to thrive in their businesses [5]

SAN DIEGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors Kultar S. "Sid" Bindra, CFP®, and Steven Alvarez have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch The Bindra Group. They reported serving approximately $300 million in advisory, brokerage and retirement plan assets* and join LPL from Truist Financial. Based in Tampa, Fla., Bindra's path to wealth management started in college when he worked 56 hours a week selling phones. "I ...

SAN DIEGO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Brett Howard, CTFA, AAMS™, APMA™, CRPC™, Marco Rivera, APMA™, Brooks Crissey, CFP®, APMA™, Henry "Hank" DesJardins and Ryan Mason have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $650 million in advisory, brokerage and retirement plan assets,* and join LPL from Ameriprise Financial. Founded in 2017 by Howard and DesJardins, the Apex team has since ...

SAN DIEGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that private client advisor John Duane and portfolio manager Gregory Giantsos have joined LPL Financial's high-net-worthfocused employee affiliation model, LPL Private Wealth Management, to launch BrookBridge Private Wealth based in Long Island, New York. The team reported having served approximately $700 million in advisory, brokerage and retirement plan assets* and joins LPL from Bank of America Private Bank. A Brooklyn native ...

SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC, announced today that financial advisors with Northern Plains Financial have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $225 million in advisory, brokerage and retirement plan assets* and join LPL from Cetera. Based in Grand Forks, N.D., the firm was founded in 2014 and is led by Michael Elsberry, CFP®, CRPC®, who has nearly 20 years of experience in financial services. In 2021, he was ...

LPL Financial (LPLA) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ. The acquisition will bring The Investment Center's 240 advisors and nearly $9 billion in assets under LPL Financial's umbrella, reinforcing its strategy of expanding its advisor network and enhancing offerings. The Investment Center's entrepr ...

Core Insights - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and selling high [1] - Investing in fast-moving stocks can be risky if valuations exceed future growth potential [2] - A strategy that combines momentum with bargain stocks can be more effective [3] Company Analysis: LG Display (LPL) - LG Display has shown a four-week price change of 1.6%, indicating growing investor interest [4] - The stock has gained 6.5% over the past 12 weeks, with a beta of 1.37, suggesting it moves 37% more than the market [5] - LPL has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - LPL is trading at a Price-to-Sales ratio of 0.21, meaning investors pay 21 cents for each dollar of sales, indicating a reasonable valuation [7] Investment Strategy - LPL is identified as a strong candidate for investment due to its momentum and reasonable valuation [8] - There are additional stocks that meet the criteria of "Fast-Paced Momentum at a Bargain" that investors may consider [8] - Various Zacks Premium Screens are available to help identify winning stock picks based on different investing styles [9]