LPL Financial is in the middle of a big push to bring in more advisers and fold in major acquisitions, but the near-term costs and messy integrations could weigh on results. The upside comes if adviser recruiting holds up and the platform upgrades start paying off, while a slower recruiting market or weaker client retention could change the story.Read more
A growing number of financial advisers are leaving big banks to run their own practices, and LPL aims to be the platform they move to. The upside depends on smoothly absorbing big partner programs and recent deals while keeping advisers and clients happy as the business scales.Read more
LPL Financial rides a growing shift toward independent, transparent financial advice, which could help it attract and keep more advisors and clients over time. But the same business also leans on interest-rate-driven income and faces tighter pricing and heavier regulation, which could make results bumpier than they look at first glance.Read more
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LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company’s brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account. It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, including proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
