Financial Data and Key Metrics Changes - The company reported record adjusted earnings per share (EPS) of $5.23 for Q4 2025, an increase of 23% year-over-year [4][11] - Total assets reached a record $2.4 trillion, driven by organic growth and higher equity markets [4][11] - Organic net new assets for Q4 were $23 billion, representing a 4% annualized growth rate, while total organic net new assets for the year were $147 billion, or approximately 8% growth [4][11] Business Line Data and Key Metrics Changes - Recruited assets in Q4 amounted to $14 billion, bringing the total for the year to $104 billion [5] - The company maintained a 97% asset retention rate for Q4 and the last 12 months, reflecting strong advisor experience enhancements [6][7] - Commission advisory fees net of payout were $453 million, up $27 million from Q3 [11] Market Data and Key Metrics Changes - The company added approximately $13 billion in assets during Q4 in traditional markets, maintaining industry-leading capture rates of advisors in motion [6] - The mix of fixed-rate balances in the ICA portfolio ended the quarter at roughly 55%, within the target range of 50%-75% [12] Company Strategy and Development Direction - The company aims to be the best firm in wealth management, focusing on client centricity, empowering employees, and improving operating leverage [5] - The integration of Commonwealth Financial Network is a key strategic priority, with expectations of onboarding approximately 90% of client assets [8] - The company is investing in technology and operational efficiencies to enhance advisor experience and drive growth [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 90% asset retention target for Commonwealth, citing the quality of advisors committed to stay [27] - The recruiting environment remains competitive, with expectations for organic growth to improve as recruiting activity normalizes [41] - The company anticipates a gradual return to more normalized recruiting outcomes, driven by increased win rates in traditional markets [29] Other Important Information - The company ended Q4 with corporate cash of $470 million, down $99 million from Q3, and a leverage ratio of 1.95x [18] - Core G&A for Q4 was $536 million, with expectations for 2026 Core G&A growth of 4.5%-7% [15][16] Q&A Session All Questions and Answers Question: Concerns about Commonwealth retention rates - Management reassured that retention rates are based on committed assets, with over 80% of advisors signed to stay, indicating a strong group of larger, faster-growing advisors [25][28] Question: Clarification on EBITDA contribution post-acquisition - Management explained that while assets have increased, recent interest rate cuts and cash sweeps have offset some expected EBITDA growth, maintaining the estimate at $425 million [34] Question: Outlook on recruiting and organic growth - Management noted that recruiting activity is expected to normalize over the year, with pipelines building towards record levels, but the timing of conversions will depend on advisor decision-making processes [39][41] Question: Progress on Prudential integration - Management highlighted that Prudential's advisor headcount growth has accelerated, and the partnership is yielding positive results, positioning the company well for future collaborations [80][81]

LPL Financial Holdings Inc. Q4 2025 Investor Presentation January 29, 2026 Member FINRA/SIPC Notice to Investors: Safe Harbor Statement Statements in this presentation regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, the "Company") future financial and operating results, growth, plans, priorities, business strategies, capabilities, and outlook, including forecasts and statements relating to the Company's future advisory and brokerage asset levels and mix, organic asset growth, market ...

For Immediate Release LPL Financial Announces Fourth Quarter and Full Year 2025 Results Fourth Quarter 2025 Key Financial Results: Key Business Results: Key Capital and Liquidity Measures: Full Year 2025 Key Financial Results: Key Business & Capital and Liquidity Results: *See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures 1 • Net income was $301 million, translating to diluted earnings per share ("EPS") of $3.74, up 4% fr ...

Key Business Results - Net income for Q4 2025 was $301 million, translating to diluted EPS of $3.74, a 4% increase from Q4 2024 [3][7] - Adjusted EPS increased 23% year-over-year to $5.23 [3] - Gross profit rose 26% year-over-year to $1,542 million [3] - Total advisory and brokerage assets increased 36% year-over-year to $2.4 trillion [3] - Total organic net new assets were $23 billion, representing a 4% annualized growth [3] Key Financial Results - For the full year 2025, net income was $863 million, translating to diluted EPS of $10.92, down 22% from the previous year [3][23] - Adjusted EPS for the year increased 22% year-over-year to $20.09 [3] - Gross profit for the year increased 24% year-over-year to $5.60 billion [3] - Total organic net new assets for the year were $147 billion, representing an 8% growth rate [3] Key Capital and Liquidity Measures - Corporate cash stood at $470 million [3] - Leverage ratio was 1.95x [3] - Dividends paid in Q4 2025 were $24 million, with a total of $94 million for the year [3] M&A Updates - The company is on track to complete the conversion of Commonwealth Financial Network in Q4 2026, expecting asset retention of approximately 90% and run-rate EBITDA of approximately $425 million [3] Market Performance - The S&P 500 Index at the end of Q4 2025 was 6,846, a 2% increase from Q3 2025 [31] - Total advisory assets reached $1.4 trillion, a 46% increase year-over-year [3][31] - Client cash balances increased to $61 billion, up $5 billion sequentially and $6 billion year-over-year [3]

世界大型企业联合会1月信心指数降至84.5，为2014年以来最弱水平，物价与关税担忧加剧；LPL金融 公司（LPLA）称今年失业率可能逐步上升。 责任编辑：张俊 SF065 世界大型企业联合会1月信心指数降至84.5，为2014年以来最弱水平，物价与关税担忧加剧；LPL金融 公司（LPLA）称今年失业率可能逐步上升。 责任编辑：张俊 SF065 ...

Core Insights - An Ohio-based advisory team with approximately $2 billion in client assets is transitioning to LPL Financial from Fifth Third Private Bank [1] - The new firm, Moto Wealth Partners, will operate under LPL Financial's W-2 advisor affiliation model, focusing on high-net-worth and ultra-high-net-worth clients [2] Group 1: Team Background and Motivation - Breanne Bovara and Derrick Petry, the advisory duo, have extensive experience, with Bovara registered at Fifth Third since 2017 and Petry having joined in 1999, eventually becoming vice president and senior portfolio manager [2] - The team aims to provide support during significant life changes and desires independence and fiduciary flexibility in their new role [3] Group 2: LPL Financial's Offerings - LPL Financial offers operational freedom and advanced tools to enhance client experiences, including access to cutting-edge technology and integrated planning resources [4] - A recent strategic relationship with Wealth.com allows LPL advisors to utilize an estate planning platform, enhancing their service offerings [4] Group 3: LPL Financial's Growth and Retention - LPL is in the process of acquiring Commonwealth, which has 3,500 advisors and $305 billion in assets under management, with a goal to retain 90% of advisors during the transition [5] - As of the third quarter of the previous year, LPL had retained nearly 80% of Commonwealth's assets through advisor retention efforts [5] Group 4: Market Dynamics - Analysts at Wolfe Research noted a slowdown in attrition from LPL by December, with Raymond James being the primary beneficiary of departing Commonwealth representatives [6]

The upcoming report from LPL Financial Holdings Inc. (LPLA) is expected to reveal quarterly earnings of $4.82 per share, indicating an increase of 13.4% compared to the year-ago period. Analysts forecast revenues of $4.81 billion, representing an increase of 36.8% year over year.The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this t ...

Milestone highlights LPL’s enduring commitment to financial planning innovation and leadershipSAN DIEGO, Jan. 27, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, today announced that 6,200 LPL-affiliated financial advisors have earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation as of December 31, 2025 — the most of any firm in the industry. This achievement reflects LPL’s continued investment in the technology, services and infrastructure that define the modern advisor ...

Core Insights - LPL Financial LLC has announced the launch of Moto Wealth Partners by wealth advisors Breanne Bovara and Derrick Petry, who previously managed approximately $2 billion in advisory, brokerage, and retirement plan assets [1][2] Company Overview - Moto Wealth Partners is based in Cincinnati and Dayton, Ohio, and focuses on serving high-net-worth and ultra-high-net-worth families across the country, with a strong presence in its local markets [2] - The founding advisors bring nearly 40 years of combined industry experience, aiming to provide a boutique wealth advisory experience that combines personal connection with institutional rigor [2] Advisory Philosophy - The firm believes that wealth is multidimensional, impacting family, values, purpose, and legacy, and emphasizes a dynamic and proactive approach to financial planning [3] - Services include planning, goal identification, cash flow analysis, tax strategy development, and estate structuring, with a focus on simplifying complexity and enhancing client decision-making [3] Partnership with LPL Financial - The team chose to partner with LPL Financial for its independence, fiduciary flexibility, scale, technology, and resources [4] - LPL Financial provides operational freedom and sophisticated tools that enhance the client experience, allowing advisors to focus on personalized, planning-first strategies [5] - The partnership is expected to streamline operations and improve efficiency, enabling the advisors to build meaningful relationships and address complex financial challenges [5] LPL Financial Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and approximately 1,100 financial institutions [7] - The firm services and custodies around $2.3 trillion in brokerage and advisory assets for approximately 8 million Americans, offering a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services [7]

Core Viewpoint - LPL Financial Holdings Inc. is recognized as a strong financial stock by billionaire Israel Englander, with UBS initiating coverage at a Neutral rating and a price target of $406, indicating that shares are fairly valued after a recovery from October lows [1] Group 1: Company Overview - LPL Financial Holdings Inc. operates as an independent broker-dealer and investment advisory firm in the U.S., providing technology, brokerage, and advisory services to financial professionals and institutions [3] Group 2: Financial Projections - UBS expects recruitment and organic growth to rebound to the high single-digit range following the Commonwealth acquisition, although these targets are already reflected in consensus projections [2] - UBS has raised caution regarding expense assumptions, forecasting 2026-2027 EPS to be approximately 7% below consensus, while noting that the stock's valuation at 12.2x anticipated 2027 earnings appears reasonable [3] Group 3: Risk Management - LPL's ICA duration structure, with 66% fixed, is seen as a factor that mitigates interest rate risk, complemented by enhanced asset and client cash levels [2]