LPL Financial Holdings Inc. (LPLA) announced the completion of the Crown Capital Securities, L.P. acquisition. The deal, announced in July 2023, expands the company’s footprint in the California market and solidifies its wealth management business.Crown Capital is a full-service broker-dealer and registered investment advisor based in Orange County, CA. Founded in 1999, it provides services that include investment management, estate planning, risk management, education planning, corporate benefits, full-ser ...

SAN DIEGO, May 07, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Logan Reed, CFP®, CEPA®, CIMA®, CLU®, AIF®, James "Jim" English III, Michael Allegra Jr., CRPC, and Matthew Fleming, CFP®, have launched a new independent practice, Thimble Island Private Wealth, through affiliation with LPL Financial's supported independence model, LPL Strategic Wealth Services. The team reported having served approximately $830 million in advisory, brokerage and retirement plan assets* wh ...

SAN DIEGO, May 06, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Matt Sheffield has launched a new independent practice, Burlwood Wealth, through affiliation with LPL Financial's supported independence model, LPL Strategic Wealth Services. He reported having served approximately $275 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS. After beginning his career in Silicon Valley, followed by a brief stint in medical sales, Sheffield recogniz ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 20-3717839 4707 Executive Drive, San Diego, California 92121 (Address of principal executive offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

SAN DIEGO, May 02, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Mitchell "Mitch" and Wesley "Wes" McCann have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $240 million in advisory, brokerage and retirement plan assets*, and join LPL from Ameriprise. With the move, the father and son team launch Guardian Partners Wealth Management, an independent financial practice based in the Detroit suburb of Bloomfield Hills, ...

LPL Financial’s (LPLA) first-quarter 2024 adjusted earnings of $4.21 per share handily outpaced the Zacks Consensus Estimate of $3.77. The bottom line, however, reflects a decline of 6% year over year.Results benefited from robust improvement in revenues, partly offset by an increase in expenses. LPLA recorded growth in brokerage and advisory assets, which acted as a tailwind.After considering certain non-recurring items, net income was $268.8 million or $3.83 per share, down from $338.9 million or $4.24 pe ...

SAN DIEGO, May 01, 2024 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Timothy J. Heisterkamp, CFP®, and Max Neese, CFP® have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $200 million in advisory, brokerage and retirement plan assets* and join LPL from Cambridge. Heisterkamp, an advisor since 1998, built the Jefferson, Iowa-based practice from the ground up after an initial career as a high school economics teacher. Nee ...

LPL Financial Holdings Inc. (NASDAQ:LPLA) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Dan H. Arnold - President and Chief Executive Officer Matthew J. Audette - Managing Director, Chief Financial Officer and Head of Business Operations Conference Call Participants Devin Ryan - JMP Securities Alex Blostein - Goldman Sachs Steven Chubak - Wolfe Research Michael Cyprys - Morgan Stanley Dan Fannon - Jefferies Bill Katz - TD Cowen Benjamin Budish - Barclays Operator Good after ...

For the quarter ended March 2024, LPL Financial Holdings Inc. (LPLA) reported revenue of $2.83 billion, up 17.2% over the same period last year. EPS came in at $4.21, compared to $4.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.68 billion, representing a surprise of +5.89%. The company delivered an EPS surprise of +11.67%, with the consensus EPS estimate being $3.77.While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

LPL FINANCIAL HOLDINGS INC. Q1 2024 INVESTOR PRESENTATION Notice to Investors: Safe Harbor Statement Notice to Investors: Non-GAAP Financial Measures Gross profit is calculated as total revenue less advisory and commission expense; brokerage, clearing and exchange expense; and market fluctuations on employee deferred compensation. All other expense categories, including depreciation and amortization of property and equipment and amortization of other intangibles, are considered general and administrative in ...