LPLA Stock Recent News

Higher revenues and growth in brokerage and advisory assets support LPLA's Q1 earnings.

LPL Financial Holdings, Inc. (NASDAQ:LPLA ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Richard Steinmeier - CEO & Director Matthew Audette - President & CFO Conference Call Participants Devin Ryan - Citizens Bank Steven Chubak - Wolfe Research Michael Cyprys - Morgan Stanley Alex Blostein - Goldman Sachs Dan Fannon - Jeffries Mike Brown - Wells Fargo Bill Katz - TD Cowen Jeff Schmitt - William Blair Operator Good afternoon, and thank you for joining the First Quarter 2025 Earnings Conference Call for LPL Financial Holdings, Inc. Joining the call today are our Chief Executive Officer, Rich Steinmeier and President and Chief Financial Officer, Matt Audette. Rich and Matt will offer introductory remarks, and then the call will be opened for questions.

Although the revenue and EPS for LPL Financial (LPLA) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Although the revenue and EPS for LPL Financial (LPLA) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

LPL Financial Holdings Inc. (LPLA) came out with quarterly earnings of $5.15 per share, beating the Zacks Consensus Estimate of $4.54 per share. This compares to earnings of $4.21 per share a year ago.

Key Financial Results: Net Income was $319 million , translating to diluted earnings per share ("EPS") of $4.24 , up 11% from a year ago Adjusted EPS* increased 22% year-over-year to $5.15 Gross profit* increased 19% year-over-year to $1,273 million Core G&A* increased 14% year-over-year to $413 million Adjusted pre-tax income* increased 23% year-over-year to $509 million Key Business Results: Total advisory and brokerage assets increased 25% year-over-year to $1.8 trillion Advisory assets increased 23% year-over-year to $977 billion Advisory assets as a percentage of total assets decreased to 54.5%, down from 55.0% a year ago Total organic net new assets were $71 billion, representing 16% annualized growth This included $27 billion of assets from Prudential Advisors ("Prudential") and $16 billion of assets from Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC (collectively, "Wintrust") that onboarded during the first quarter, as well as $0.7 b

SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Stephanie Stewart, Debra Hedgcoth, CFP®, RICP®, and Madison Wentland, CPA, of West Texas Investments have joined LPL Financial's broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $170 million in advisory, brokerage and retirement plan assets* and join LPL from B. Riley Wealth Advisors, Inc.

LPL Financial (LPLA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Beyond analysts' top -and-bottom-line estimates for LPL Financial (LPLA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.

SAN DIEGO, May 05, 2025 (GLOBE NEWSWIRE) --  LPL Financial LLC, a leading wealth management firm, is pleased to announce the launch of WealthVision Essentials, an integrated financial planning tool powered by eMoney. This new platform is designed to enhance the services of LPL's financial advisors, whether independent or part of an institution like a bank or credit union, by providing them with easily accessible financial planning software and tools to support holistic financial guidance.