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LPL Financial Holdings Inc. (LPLA)
Chart Events
Performance Outlook
| Previous Close | 81.55 |
| Open | 81.46 |
| Bid | 0.00 x 1000 |
| Ask | 85.54 x 800 |
| Day's Range | 81.25 - 83.21 |
| 52 Week Range | 32.01 - 99.60 |
| Volume | 810,039 |
| Avg. Volume | 858,440 |
| Market Cap | 6.543B |
| Beta (5Y Monthly) | 1.55 |
| PE Ratio (TTM) | 13.13 |
| EPS (TTM) | 6.30 |
| Earnings Date | Oct 22, 2020 - Oct 26, 2020 |
| Forward Dividend & Yield | 1.00 (1.23%) |
| Ex-Dividend Date | May 27, 2020 |
| 1y Target Est | 94.11 |
Fair Value
Related Research
- GlobeNewswire
LPL Financial and Financial Advocates Welcome Advisors T. Scott Dudley and David McQuade
SAN DIEGO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that financial advisors Scott Dudley and David McQuade have joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. They aligned with Financial Advocates, a leading provider of concierge-level services to independent advisors in the Pacific Northwest. The advisors reported having served approximately $200 million in brokerage and advisory assets*. They join from Northwestern Mutual. Dudley and McQuade provided wealth management services at their former firm for about 25 years before choosing to partner with Financial Advocates and LPL Financial. Now based in a new office space in San Diego’s Symphony Tower, the team has launched a new brand, Stirling Financial Group. The advisors are assisted by three office support members.“This change allows us to serve our clients with more robust investment strategies at a lower cost,” Dudley said. “LPL’s integrated technology allows us to operate much more efficiently; some tasks that once took 10 to15 minutes now take only two minutes. The online account portal and client statements are greatly improved and create an enhanced experience for our clients. We also benefit from an extra layer of compliance support and concierge service from Financial Advocates.”Angela Vlach, President and CEO of Financial Advocates, said, “We welcome Scott, David and their entire team to the Financial Advocates family. We are proud to be their partner and look forward to supporting their independent practice for years to come. Our team has extensive experience transitioning advisors across the spectrum of independent business models. Each firm is unique, and we will work with Scott and David to create an independent business that fits their needs.”Rich Steinmeier, LPL Financial managing director and divisional president, Business Development, said, “We welcome the team at Stirling Financial Group and congratulate Financial Advocates on growing its advisor community. It is exciting to see the Stirling team eager to continue their momentum, having already opened a new office space three times larger than their former location. We stand behind them as their partner, providing the service, technology and resources that can help them reach their growth goals. LPL advisors can count on us to continuously invest in the business and support their independent practice. We congratulate Scott and David on taking this important step for their business and look forward to supporting their practice for years to come.”Read more on Stirling Financial Group. Also, read about other firms that recently joined LPL in the LPL Financial News and Media section of LPL.com.About LPL Financial LPL Financial (https://www.lpl.com) is a leader in the retail financial advice market and the nation’s largest independent broker-dealer**. We serve independent financial advisors, professionals, and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.About Financial Advocates Financial Advocates, LLC (FA) and their Hybrid RIA, Financial Advocates Investment Management (FAIM), provide servant leadership in the financial advice market and serves as a financial advisor’s primary ally through the transition, growth, and ongoing management of an independent practice. FA’s experienced and diverse staff delivers intensive support to advisors as they transition to an Independent Broker-Dealer, a Hybrid RIA, or pure RIA model to achieve greater independence. Advisors then enjoy concierge-level service in business development, regulatory compliance oversight, operations, IT, marketing and investment management. Financial Advocates and Financial Advocates Investment Management provide services to more than 200 independent financial advisors, several banks and credit unions, and more than 100 support staff. Financial Advocates, Financial Advocates Investment Management, and its affiliates have 28 home office employees with office locations in Olympia, WA and Tacoma, WA. For more information, please visit www.financialadvocates.com.Securities services offered through LPL Financial, a registered investment advisor. Member FINRA / SIPC. Financial Planning and Investment advice offered through Financial Advocates Investment Management, a registered investment advisor. Stirling Financial Group, Financial Advocates Investment Management, Financial Advocates and LPL are separate entities.*Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Reported assets and client numbers have not been independently and fully verified by LPL Financial.**Based on total revenues, Financial Planning magazine June 1996-2020Throughout this communication, the terms “financial advisors” and “advisors” include registered representatives and/or investment adviser representatives affiliated with LPL Financial LLC, an SEC registered broker-dealer and investment adviser.Connect with Us!https://twitter.com/lpl https://www.linkedin.com/company/lpl-financial https://www.facebook.com/LPLFinancialLLC https://www.youtube.com/user/lplfinancialllcMedia Contact: Lauren Hoyt-Williams (980) 321-1232 Lauren.Hoyt-Williams@lpl.com
- GlobeNewswire
LPL Financial Introduces Independent Employee Advisor Affiliation Model
LPL redefines the employee advisor model by removing limitations and empowering advisors with freedom, client ownership and a payout they deserveCHARLOTTE, N.C., Aug. 05, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and RIA custodian, today introduced a new employee advisor affiliation model unlike anything currently available in the marketplace. LPL’s new affiliation model offers advisors the benefits of being independent—including ownership of their book of business and the autonomy to run their business as they see fit. And as employees, advisors benefit from the security and stability of working with the market leader of the independent channel. “The expansion of our employee advisor model is the next step in our delivery of an independent solution to meet the needs of advisors wherever they are in the lifecycle of their business,” said Rich Steinmeier, LPL Financial managing director and divisional president, Business Development. “With our new model, independent employee advisors have more flexibility in how they run their wealth management practice and in how they choose to serve their clients, while having the support they have come to expect and the payout they deserve.”Further differentiating the model is a highly-competitive payout, ranging from 50 to 70 percent, and no platform, transaction or administrative fees. LPL provides modern offices along with technology solutions that make it possible for advisors to work anywhere, anytime, seamlessly. LPL also provides advisors a full suite of employee benefits.LPL launched the model with the acquisition of Allen & Company of Florida, LLC in 2019. The Florida-based firm provided input to help LPL design its differentiated independent employee advisor model. LPL has since opened an employee advisor office location in Boston, and the company plans to open offices nationwide based on the geographic locations of advisors who affiliate with the model.LPL’s independent employee advisors also have access to specialized services and growth resources designed to empower their ability to be successful, including: business consulting services for strategic growth support, a dedicated marketing professional to help brand and market their business, experienced administrative support proficient with LPL systems and policies, and support and capital to grow or monetize their business.About LPL Financial LPL Financial (https://www.lpl.com) is a leader in the retail financial advice market and the nation’s largest independent broker-dealer*. We serve independent financial advisors, professionals and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.*Based on total revenues, Financial Planning magazine June 1996-2020Securities and advisory services offered through LPL Financial LLC, a registered investment advisor. Member FINRA/SIPC.Throughout this communication, the terms “financial advisors” and “advisors” include registered representatives and/or investment adviser representatives affiliated with LPL Financial LLC, an SEC registered broker-dealer and investment adviser.Forward-Looking Statements Statements in this press release regarding LPL’s future operating results, growth and plans, including those related to its independent employee advisor affiliation model, as well as any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking statements. These forward-looking statements are based on LPL’s historical performance and its plans, estimates and expectations as of August 5, 2020. Forward-looking statements are not guarantees that the future results, plans, intentions or expectations expressed or implied will be achieved. Matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, which may cause actual financial or operating results, levels of activity or the timing of events to be materially different from those expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include: difficulties or delays in recruiting or onboarding independent employee advisors and their clients; the choice by clients not to open or maintain brokerage and/or advisory accounts at LPL; changes in general economic and financial market conditions, including retail investor sentiment; the effects of competition in the financial services industry; and the other factors set forth in Part I, “Item 1A. Risk Factors” in LPL’s 2019 Annual Report on Form 10-K and any subsequent SEC filings. Except as required by law, LPL specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if its estimates change, and you should not rely on those statements as representing LPL’s views as of any date subsequent to August 5, 2020.Media Contact: Lauren Hoyt-Williams (980) 321-1232 Lauren.Hoyt-Williams@lpl.com
- GlobeNewswire
LPL Financial Welcomes Cashman Consulting
CHARLOTTE, N.C., Aug. 03, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Cashman Consulting has joined LPL Financial’s broker-dealer and corporate registered investment advisor (RIA) platforms, leveraging LPL as custodian. The firm reported having served approximately $670 million in advisory, brokerage and retirement plan assets*. The advisors join from Kestra Investment Services. The Redmond, Wash., firm was founded in 1998 when Jeff and Judy Cashman shifted from their prior third party record keeping business to retirement plan consulting and individual wealth management. The firm has since grown into a 10-member ensemble group that includes their daughter, Megan Baumgartner, partner and client relationship manager, and her husband, Ryan Baumgartner AIF®, partner and chief investment officer. The team provides long-term investment strategies to their client base of business owners, families and individuals. “As retirement plan specialists, we have a plan for every client, working hard to support clients through the inherent uncertainty that comes with balancing the bull and bear markets for the long run,” said Jeff Cashman, vice chairman of the Evergreen Health Foundation and past president of Bellevue Breakfast Rotary Club and HopeLink, an organization that supports food banks. “We take a hands-on approach and view ourselves as the quarterback to help run retirement plans. It’s so rewarding and encouraging to know that we make a significant difference in our clients’ lives and their ability to save for their future.”Cashman Consulting turned to LPL for additional resources, including access to integrated technology, economic strategists and research to enhance their client experience. “This move to LPL will make us more efficient and will provide our team with even more information to support clients with education as well as personalized investment strategies that can help them work toward their goals,” Cashman said, adding that he believes LPL’s large advisor presence in the northwest will help benefit their networking and growth opportunities. “We have been very impressed with LPL. Every person we talk with has an infectious energy level and service-first attitude.”Rich Steinmeier, LPL Financial managing director and divisional president, Business Development, said, “We warmly welcome the entire Cashman team to the LPL family and are proud to support their goal of providing excellent service and trusted guidance to their clients. They play such an important role to help employees save for retirement while also supporting the individual financial goals of clients seeking to accumulate wealth and ensure their financial legacies. LPL advisors are able to access a depth and breadth of resources to support clients across the wealth management spectrum. We will continue to invest in the relevant resources and capabilities that support our clients’ ability to differentiate their practices and serve the unique needs of their clients. Jeff and Judy have built a valuable business and we look forward to being their long-term partner as Cashman Consulting deepens its legacy.”Read about other firms that recently joined LPL in the LPL Financial News and Media section of LPL.com.Advisors, find an LPL business development representative near you.About LPL Financial LPL Financial (https://www.lpl.com) is a leader in the retail financial advice market and the nation’s largest independent broker-dealer**. We serve independent financial advisors, professionals, and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.Securities and Advisory services offered through LPL Financial, a registered investment advisor. Member FINRA / SIPC.Cashman Consulting and LPL Financial are separate entities.*Based on prior business and represents assets that would have been custodied at LPL Financial, rather than third-party custodians. Reported assets and client numbers have not been independently and fully verified by LPL Financial.**Based on total revenues, Financial Planning magazine June 1996-2020Throughout this communication, the terms “financial advisors” and “advisors” include registered representatives and/or investment adviser representatives affiliated with LPL Financial LLC, an SEC registered broker-dealer and investment adviser.Connect with Us!https://twitter.com/lpl https://www.linkedin.com/company/lpl-financial https://www.facebook.com/LPLFinancialLLC https://www.youtube.com/user/lplfinancialllcMedia Contact: Lauren Hoyt-Williams (980) 321-1232 Lauren.Hoyt-Williams@lpl.com
