Transcript : LPL Financial Holdings Inc., Q2 2023 Earnings Call, Jul 27, 2023 (2024)

FAQs

What are the results of LPL financial? ›

Core G&A*:

(Nasdaq: LPLA) (the “Company”) today announced results for its fourth quarter ended December 31, 2023, reporting net income of $218 million, or $2.85 per share. This compares with $319 million, or $3.95 per share, in the fourth quarter of 2022 and $224 million, or $2.91 per share, in the prior quarter.

LPL Financial Holdings has a market cap or net worth of $19.55 billion as of April 19, 2024. Its market cap has increased by 24.60% in one year.

LPL Financial Holdings total number of employees in 2023 was 8,400, a 21.74% increase from 2022. LPL Financial Holdings total number of employees in 2022 was 6,900, a 16.95% increase from 2021.

About LPL Financial

LPL Financial is a financial services company founded in 1989. This medium sized company employs 6,900 people domestically.

Financial Performance and Liquidity Position

LPL is a Fortune 500 company, serving more than 21,000 financial professionals with over $1 trillion in brokerage and advisory client assets. Our balance sheet is strong, with over $200 million of excess cash and modest leverage below our conservative management targets.

LPL offers two bank deposit sweep programs, the LPL Insured Cash Account (ICA) and LPL Deposit Cash Account (DCA). Cash balances in the ICA and DCA are deposits and are eligible for FDIC insurance up to $250,000 for individuals and $500,000 for joint accounts per bank.

Group companies

LPL Financial LLC is a SEC-registered investment advisor and wealth management firm headquartered in Fort Mill, South Carolina. The firm was founded in 1989 as Linsco/Private Ledger Corp. They are a direct subsidiary of LPL Holdings, Inc., owned by LPL Financial Holdings, Inc. (NASDAQ: LPLA).

We help clients to make work optional. – We are are a low-cost, fee-only Advisor. We are a fiduciary for you 100% of the time. Our fees are 0.6% on the first $1 million and they decline above $1 million.

Ratings distribution

LPL Financial has an employee rating of 3.9 out of 5 stars, based on 1,579 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Dan Arnold (Jan 3, 2017–)

LPL Financial / CEO

Is LPL a Fortune 100 company? ›

For the first time in its history, LPL Financial earned a spot in the Fortune 500 ranking for 2021, placing us on an esteemed list of the largest U.S. companies ranked by annual revenue. Coming in at number 466, LPL's record revenue of $5.9 billion for 2020 highlights a nearly 37% increase over the last three years.

LPL receives revenue sharing payments from investment sponsors who participate in LPL's sponsorship programs. Investment sponsors make these payments to incentivize LPL to promote their products, and the sponsors receive preferential treatment as a result of the payment.

America's Most Responsible Companies, Newsweek, 2021 - 2022

LPL's ranking marked an inaugural appearance on the list, ranking No. 240 among 400.

San Diego, CA

LPL Financial's San Diego headquarters hosts world-class wealth management professionals who are committed to the success of every financial professional, team, and program we serve.

(Nasdaq: LPLA) today announced its inclusion in the 2021 Fortune 500 ranking for the first time in the company's history. LPL was ranked No. 466 among the esteemed list of the largest U.S. companies ranked by annual revenue.

Charles Schwab Corp has a Quality Score of 67, which is Strong. LPL Financial Holdings Inc has a Quality Score of 85, which is Very Strong.

For the first time in its history, LPL Financial earned a spot in the Fortune 500 ranking for 2021, placing us on an esteemed list of the largest U.S. companies ranked by annual revenue. Coming in at number 466, LPL's record revenue of $5.9 billion for 2020 highlights a nearly 37% increase over the last three years.

(NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, “LPL Financial” or “LPL”) today announced that the firm has entered into a definitive purchase agreement to acquire Atria Wealth Solutions, Inc., (“Atria”), a wealth management solutions holding company headquartered in New York.

In a brokerage relationship, clients typically pay a commission to LPL on each transaction in the account. Clients don't pay commissions in an advisory relationship. The amount of the commission in a brokerage relationship varies depending on the security or investment product selected by the client.