自1月以来，长期收益率回落的趋势已经传导至住房融资领域。根据房地美数据，新发放的30年期固定 抵押贷款利率已降至6%以下，为三年半以来首次。 Gillum表示，债券市场内部"持续存在与AI引发的岗位替代相关的买盘"，过去几周收益率的下行与此密 切相关，周四的债市表现"看起来像是这一交易逻辑的延续"。此外，交易员更关注AI可能带来的通缩效 应，而非未来几年潜在的通胀压力上行风险。 通常美国国债收益率受经济增长与通胀前景、美联储利率路径预期以及地缘政治风险等多重因素影响， 但当前市场环境较为特殊。一方面美国经济整体仍具韧性，另一方面市场将美联储下一次降息的时间预 期推迟至7月，同时美国与伊朗正在日内瓦就核问题展开谈判，并有报道称可能达成协议。在此背景 下，长期收益率仍持续走低，格外引人关注。 LPL Financial首席固定收益策略师Lawrence Gillum指出，这轮长期美债行情部分源于市场对人工智能冲 击就业市场的担忧。他表示，近期长期国债收益率下行，一定程度反映出投资者对AI潜在"破坏性"的焦 虑情绪，相关担忧正推动债券市场收益率走低。 数据显示，周四美国10年期国债收益率报4.015%，跌破4.02 ...

SAN DIEGO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that veteran financial advisor Michael Dworetsky, has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA), aligned with Lighthouse Private Wealth, an existing firm supporting LPL-affiliated advisors. He reports serving approximately $200 million in advisory, brokerage and retirement plan assets and joins LPL from StoneX. Dworetsky brings 45 years of industry experience, beginning his career in accounting bef ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34963 LPL Financial Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 20-3717839 (State or other jurisdiction of inc ...

Thank you. Hello and welcome to the Morning Filter podcast. I'm Susan Jabinsky with Morning Star.Every Monday before market open, I sit down with Morning Star chief US market strategist Dave Sakara to talk about what investors should have on their radars for the week, some new Morning Star research, and a few stock ideas. All right. Well, grab your coffee because Dave and I have a lot of ground to cover this morning.Now, last Friday's Supreme Court ruling struck down some of the Trump administration's tarif ...

Core Insights - LPL Financial Holdings Inc. reported a total advisory and brokerage assets of $2.41 trillion at the end of January 2026, reflecting an increase of $38.0 billion, or 1.6%, from December 2025 [1][3] - The percentage of advisory assets within total assets rose to 59.1%, up from 54.8% a year ago, indicating a shift towards advisory services [1] Advisory and Brokerage Assets - Advisory assets reached $1,422.7 billion, a month-over-month increase of 2.2% from $1,392.7 billion in December 2025, and a year-over-year increase of 43.4% from $992.4 billion in January 2025 [3] - Brokerage assets totaled $985.8 billion, up 0.8% from $977.9 billion in December 2025, and up 20.3% from $819.4 billion in January 2025 [3] - Total advisory and brokerage assets increased to $2,408.5 billion, a 1.6% rise from $2,370.5 billion in December 2025, and a 32.9% increase from $1,811.8 billion in January 2025 [3] Organic and Acquired Net New Assets - Total organic net new assets for January were $4.2 billion, translating to a 2.1% annualized growth rate [2] - Organic net new advisory assets were $6.1 billion, while organic net new brokerage assets were negative at $(2.0) billion [3] - Total acquired net new assets were $0.0 billion, with no new advisory or brokerage assets acquired in January [3] Client Cash Balances - Total client cash balances decreased to $56.5 billion, down $4.5 billion from $61.0 billion in December 2025, representing a 7.4% decline [2][3] - Insured cash account sweep decreased by 6.8% to $38.2 billion, while deposit cash account sweep fell by 7.2% to $14.2 billion [3] - Total bank sweep cash decreased to $52.4 billion, down 6.9% from $56.3 billion in December 2025 [3] Market Drivers - The S&P 500 Index at the end of January was 6,939, reflecting a 1.4% increase from 6,846 in December 2025 and a 14.9% increase from 6,041 in January 2025 [3] - The Russell 2000 Index increased by 5.3% to 2,614 from 2,482 in December 2025, and by 14.2% from 2,288 in January 2025 [3] - The average Fed Funds daily effective rate decreased by 2.4% to 364 basis points from 373 in December 2025, and by 15.9% from 433 basis points in January 2025 [3]

Core Insights - LPL Financial Holdings Inc. (LPLA) has formed a strategic partnership with Simplicity Group to enhance its insurance platform and support for financial advisors, effective May 1, 2026 [1][9] Partnership Details - Simplicity will act as LPLA's preferred Brokerage General Agency (BGA), providing a wide range of insurance products, advanced technology, and dedicated client service support to advisors [2] - LPLA will transition its internal insurance unit, LPL Insurance Associates, to Simplicity to create a more unified experience for advisors and clients [2] Advisor Benefits - Advisors using Simplicity's platform will gain access to specialized wholesale assistance, point-of-sale support, integrated insurance solutions, and advanced planning expertise for high-net-worth individuals [3] Strategic Goals - The partnership aims to provide advisors with advanced technology and support, enabling them to build deeper client relationships and address a broader range of financial needs, which is expected to drive revenue growth and asset retention [5] Market Position - LPLA has a network of over 32,000 advisors and nearly $2.4 trillion in brokerage and advisory assets, which will significantly enhance Simplicity's distribution capabilities and competitive position in the insurance advisory market [6] Ongoing Expansion Efforts - LPLA is actively expanding its wealth management platform through strategic acquisitions and partnerships, including the acquisition of Commonwealth Financial and The Investment Center in 2025, and Crown Capital Securities and Atria Wealth Solutions in 2024 [7][8]

SAN DIEGO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Tom Madigan, CEPA®, has joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms, aligned with Thimble Island Private Wealth, an existing firm supported by LPL Strategic Wealth (SW). He reported serving approximately $300 million in advisory, brokerage and retirement assets* and joins LPL from UBS. Based outside New Haven, Conn. in Branford, the Thimble Island team i ...

Core Insights - LPL Financial LLC has welcomed Jason Mochi from Shoreline Private Wealth Management, which manages approximately $275 million in advisory, brokerage, and retirement plan assets, transitioning from Morgan Stanley [1][2]. Company 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 1,200 financial institutions, with around $2.4 trillion in brokerage and advisory assets for about 8 million Americans [6]. Client Focus and Service Model - Shoreline Private Wealth Management emphasizes a personalized, family-focused service model, prioritizing long-term relationships and comprehensive planning over transactional interactions [3][4]. - Jason Mochi's approach to wealth management is characterized by listening, disciplined strategy, and independent judgment, aligning with clients' long-term goals [2][4]. Strategic Partnership - The decision to partner with LPL was driven by its scale, platform strength, and support for a high-touch, client-first service model, allowing Shoreline to deliver customized advice without compromise [3][4]. - LPL's commitment to providing innovative technology and comprehensive business solutions aligns with Shoreline's focus on independence and personalization in client service [4].

Core Insights - LPL Financial (LPLA) is the leading independent broker-dealer in the United States, serving approximately 32,200 financial advisors and managing around $2.4 trillion in assets under custody [1] Company Overview - The core value proposition of LPL Financial is to provide a comprehensive suite of solutions across the front, middle, and back office [1]

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to reinvent customer experiences across the company [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a significant shift in the global economy driven by AI innovation [2][3] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, with its technology posing a threat to competitors [4][6] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a significant technological advancement with the potential for substantial social benefits [8] Market Dynamics - The AI ecosystem is expected to reshape how businesses, governments, and consumers operate, indicating a broad and deep impact across various sectors [2] - The investment landscape is becoming increasingly competitive, with major players like Oracle investing heavily in AI technologies [8]