LPL Financial sees $1.7T assets with 17% organic growth

LPL Financial sees $1.7T assets with 17% organic growth in Q4 2024
Q4 2024 Management View CEO Rich Steinmeier highlighted industry-leading organic asset growth of 10% for 2024, supported by onboarding major institutional partners like Prudential Advisors and setting recruiting records in both independent advisor and institutional channels.
LPL Financial Stock Gains 1% as Q4 Earnings Beat on Higher Revenues
LPLA's fourth-quarter 2024 results top estimates on the back of an increase in revenues and brokerage and advisory assets. Yet, higher costs are a headwind.
Fueled by deals, LPL's net new assets, headcount surge in Q4
The addition of Prudential Financial and Atria Wealth Solutions helped boost LPL's advisor headcount to a record of nearly 29,000 by the end of last year.
LPL Financial Holdings Inc. (LPLA) Q4 2024 Earnings Call Transcript
LPL Financial Holdings Inc. ( NASDAQ: LPLA) Q4 2024 Earnings Conference Call January 30, 2025 5:00 PM ET Rich Steinmeier - Chief Executive Officer Matt Audette - President and Chief Financial Officer
Multiple Tailwinds Boosted LPL Financial Holdings (LPLA) in Q4
Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks experienced mixed results in the fourth quarter after reporting positive gains in the previous quarter.
LPL Financial Holdings Inc. Q4 Profit Increases, Beats Estimates
LPL Financial Holdings Inc. (LPLA) released earnings for its fourth quarter that increased from the same period last year and beat
LPL Financial (LPLA) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
LPL Financial Holdings Inc. (LPLA) reported $3.51 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 32.9%. EPS of $4.25 for the same period compares to $3.
LPL Earnings Beat Estimates as Advisor Head Count and Expenses Rise
LPL Financial handily beat Wall Street expectations with its fourth quarter report Thursday evening. The financial services ...
LPL Financial price target raised to $436 from $428 at TD Cowen
TD Cowen raised the firm’s price target on LPL Financial (LPLA) to $436 from $428 and keeps a Buy rating on the shares. The firm raised its ...
LPL Recruits $1 Billion Advisor Team From Osaic
LPL Financial said it recruited an advisor team from Osaic where the group oversaw $1 billion in client assets, making it the ...
LPL Recruits Father-Son Advisor Team From UBS That Oversaw $1.3 Billion
William “Bill” Bruen Jr. and his son Andrew join an existing LPL practice after spending more than a decade at UBS.
LPL Financial price target raised to $405 from $390 at Keefe Bruyette
Keefe Bruyette raised the firm’s price target on LPL Financial (LPLA) to $405 from $390 and keeps an Outperform rating on the shares.Invest ...
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LPL's Atria, Prudential Deals Fueled 27% Boost in FA Ranks
LPL Financial's major acquisitions produced a sizable boost in the firm's advisor force and assets during the fourth quarter of 2024, though the firm's net income slipped on a year-over-year basis.
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LPL, Raymond James report strong growth in last three months of 2024
Two major broker-dealer firms have reported their financial results for the last three months of 2024, with strong growth reported. The period ended December 31, 2024, was the fourth quarter of LPL ...
LPL Financial Announces Fourth Quarter and Full Year 2024 Results
Client cash balances as a percentage of total assets were 3.2%, up from 2.9% in the prior quarter and down from 3.6% a year ago Key Capital and Liquidity Results: Full Year 2024 Key Financial Results: ...