LPL Financial Holdings Inc. (LPLA)
147.60 0.00 (0.00%)
After hours: 4:19PM EDT
Chart Events
Performance Outlook
| Previous Close | 147.56 |
| Open | 148.88 |
| Bid | 147.56 x 800 |
| Ask | 147.60 x 900 |
| Day's Range | 146.41 - 148.88 |
| 52 Week Range | 50.00 - 149.30 |
| Volume | 469,840 |
| Avg. Volume | 605,383 |
| Market Cap | 11.793B |
| Beta (5Y Monthly) | 1.26 |
| PE Ratio (TTM) | 25.19 |
| EPS (TTM) | 5.86 |
| Earnings Date | Apr 29, 2021 |
| Forward Dividend & Yield | 1.00 (0.68%) |
| Ex-Dividend Date | Mar 15, 2021 |
| 1y Target Est | 173.09 |
Fair Value
Related Research
- Barrons.com
LPL Recruits $650M Merrill Lynch Team for New Breakaway Business
It’s a big get for Strategic Wealth Services, which LPL launched last year with the goal of recruiting more wirehouse breakaways.
- GlobeNewswire
NorthEnd Private Wealth Launches With Support of LPL Financial
CHARLOTTE, N.C., April 12, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced that financial advisors Josh Brown, Scott Thompson, Joel Gray, and James (Jake) Cluverius, Jr., have launched a new independent practice, NorthEnd Private Wealth. The new firm will be affiliated with LPL Financial’s Strategic Wealth Services (SWS) model, designed to support the unique needs of experienced advisors moving from wirehouses to independence. The team will leverage LPL’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms, and the SWS model also delivers ongoing, personalized support for daily operations and long-term business management. The advisors reported having served approximately $650 million in advisory, brokerage and retirement plan assets*. They join LPL from Merrill Lynch. Based in the North End business district of Greenville, S.C., the firm’s four managing partners have been friends and colleagues for more than two decades. “We trust each other and we are all like-minded in our work ethic, morals and faith, so partnering together was a natural extension of our relationships,” said Brown, a Forbes Best-in-State Wealth Advisor and Barron’s Top 1,200 Financial Advisor since 2018***. He noted that the advisors’ diverse backgrounds lend to their unique perspectives, having all entered the industry from other professions: as a mechanical engineer, teacher, lawyer and marketing professional. “We come from hard-working, blue-collar families, and we understand the amount of work and sacrifice it takes to earn and save $100,000 or $100 million,” Brown said. With administrative support from Jeannie Fowler and Ashley Thomason, the advisors primarily provide wealth management, retirement income planning and estate planning. The team prides itself on being attentive, proactive and attuned to the market, and many of their clients view them as an extension of their family. Seeking more control of their business and the ability to chart their own path, the team chose to launch their independent practice with support from LPL. “We wanted to be able to establish a culture in our firm that reflects our beliefs and service standards. As independent advisors with LPL, we are able to put our clients first and always operate in their best interests,” Brown said. Being new to owning and running a business, the SWS model bridges the transition to independence by providing the team with support and services to launch their business, including real estate sourcing, brand development, technology setup and HR support. In addition, LPL provides ongoing administrative, marketing and CFO services to the NorthEnd team. “LPL Strategic Wealth Services really allows us to simplify our business and have the strategic support so that we can really focus on our business and strip away some of the noise,” Brown said. “We love the SWS motto, ‘You own it, we run it.’ That’s exactly what we were looking for—someone to handle the back office, negotiate on the lease, order furniture, and build our website, among other things. We’re especially looking forward to all of the services we can tap to manage and grow our business, specifically marketing events to help us reach both our current clients and prospective ones.” Once settled onto LPL’s platform, the NorthEnd team has two immediate goals: organic growth through referrals and growing its team of advisors. “We believe NorthEnd could be a destination for other advisors, whether breakaways from a wirehouse or independent advisors looking for more scope,” Brown said. Scott Posner, LPL executive vice president, Business Development, said, “We congratulate Josh, Jake, Joel and Scott on the launch of their new independent business and we warmly welcome them into the LPL family. We are committed to being their long-term partner by delivering a sophisticated wealth management platform and robust business resources designed to help them differentiate their practice and be successful serving the needs of their clients. As the NorthEnd team begins this exciting new journey with LPL, we will be with them every step of the way. We look forward to a long-lasting partnership and exciting journey ahead with the entire team at NorthEnd Private Wealth.” Learn more about NorthEnd Private Wealth. 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 (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader** in the markets we serve, supporting more than 17,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients. *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. ** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020); No. 1 provider of third-party brokerage services to banks and credit unions (2019-2020 Kehrer Bielan Research & Consulting Annual TPM Report) *** Josh received this award in 2018, 2019, 2020, 2021. The Forbes Best-In-State Wealth Advisor ranking, developed by SHOOK Research, is based on in-person and telephone due diligence meetings and a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK Research receives a fee in exchange for rankings. *** Josh received this award in 2018, 2019, 2020, 2021. Barron's Top 1200 Financial Advisor award is based on assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/SIPC. Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website. NorthEnd Private Wealth and LPL Financial are separate entities. Connect with Us! https://twitter.com/lpl https://www.linkedin.com/company/lpl-financial https://www.facebook.com/LPLFinancialLLC https://www.youtube.com/user/lplfinancialllc Media Contact:Lauren Hoyt-Williams(980) 321-1232Lauren.Hoyt-Williams@lpl.com
- GlobeNewswire
LPL Financial Welcomes Woods Financial Group
CHARLOTTE, N.C., April 08, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Woods Financial Group has joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. The firm reported having served approximately $130 million in advisory, brokerage and retirement plan assets*. They join LPL from Concorde Investment Services. Based in Fort Worth, Texas, Woods Financial Group was founded by Joel Woods in 1986, with fellow financial professional Mark Smith joining the business in 2004. Together, they provide comprehensive wealth management to retired individuals and multigenerational families, often taking extra measures to ensure their clients have a better understanding of the financial concepts behind investing and retirement planning. They are assisted by three dedicated office support staff members. Looking for opportunities to enhance their business continuity plan, the team turned to LPL. Woods said LPL’s vast network of advisors puts his team in a better position to expand their business and bring a younger financial advisor into the practice to ensure clients are taken care of well into the future. “We built our entire business on referrals and take great pride in taking care of our clients,” Woods said. “My clients know I’m of retirement age and they want to know what’s going to happen going forward. We’re already working with LPL’s M&A team to find a like-minded advisor who can come in and continue the work we started decades ago.” Woods added, “LPL checks all the boxes, providing access to products and resources that we weren’t exposed to before, as well as innovative technology that allows clients to easily access their accounts and reports. Everything about this move was made with our clients best interests in mind.” Scott Posner, LPL executive vice president, Business Development, said, “We welcome Joel and Mark to the LPL family and wish them great success in the next chapter of their journey. We are inspired by their foresight to develop a thoughtful business continuity plan that is guided by their commitment to their clients. We share that commitment of being a partner for the long run. That’s one of the reasons we recently launched LPL’s M&A Solutions, which provides a trusted partner and end-to-end support to guide advisors throughout the mergers and acquisition process. Our advisors are our entire focus, and we are committed to making continuous investments in innovative capabilities such as this to help them protect their legacy and take care of their clients well into the future.” 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 (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader** in the markets we serve, supporting more than 17,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients. ** Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020); No. 1 provider of third-party brokerage services to banks and credit unions (2019-2020 Kehrer Bielan Research & Consulting Annual TPM Report) *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. Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/SIPC. Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website. Woods Financial Group and LPL Financial are separate entities. Connect with Us! https://twitter.com/lpl https://www.linkedin.com/company/lpl-financial https://www.facebook.com/LPLFinancialLLC https://www.youtube.com/user/lplfinancialllc Media Contact:Lauren Hoyt-Williams(980) 321-1232Lauren.Hoyt-Williams@lpl.com
