LPL Financial Holdings Inc.

DB:7LI Stock Report

Market Cap: €23.0b

LPL Financial Holdings Management

Management criteria checks 4/4

LPL Financial Holdings' CEO is Rich Steinmeier, appointed in Oct 2024, has a tenure of less than a year. total yearly compensation is $3.73M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth €6.20M. The average tenure of the management team and the board of directors is 3.6 years and 7 years respectively.

Key information

Rich Steinmeier

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage15.9%
CEO tenureless than a year
CEO ownership0.03%
Management average tenure3.6yrs
Board average tenure7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rich Steinmeier's remuneration changed compared to LPL Financial Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$1b

Jun 30 2024n/an/a

US$974m

Mar 31 2024n/an/a

US$1b

Dec 31 2023US$4mUS$592k

US$1b

Sep 30 2023n/an/a

US$1b

Jun 30 2023n/an/a

US$1b

Mar 31 2023n/an/a

US$1b

Dec 31 2022US$3mUS$540k

US$846m

Sep 30 2022n/an/a

US$635m

Jun 30 2022n/an/a

US$505m

Mar 31 2022n/an/a

US$464m

Dec 31 2021US$4mUS$500k

US$460m

Sep 30 2021n/an/a

US$463m

Jun 30 2021n/an/a

US$464m

Mar 31 2021n/an/a

US$447m

Dec 31 2020US$2mUS$494k

US$473m

Sep 30 2020n/an/a

US$488m

Jun 30 2020n/an/a

US$516m

Mar 31 2020n/an/a

US$560m

Dec 31 2019US$2mUS$450k

US$560m

Sep 30 2019n/an/a

US$554m

Jun 30 2019n/an/a

US$529m

Mar 31 2019n/an/a

US$501m

Dec 31 2018US$3mUS$174k

US$439m

Compensation vs Market: Rich's total compensation ($USD3.73M) is about average for companies of similar size in the German market ($USD4.93M).

Compensation vs Earnings: Rich's compensation has been consistent with company performance over the past year.


CEO

Rich Steinmeier (50 yo)

less than a year

Tenure

US$3,729,366

Compensation

Mr. Steinmeier was MD, Divisional President & Chief Growth Officer of LPL Financial LLC from 2024. He is Interim Chief Executive Officer of LPL Financial LLC from October 2024. Mr. Steinmeier joined the LP...


Leadership Team

NamePositionTenureCompensationOwnership
Richard Steinmeier
CEO, MDless than a yearUS$3.73m0.027%
€ 6.2m
Matthew Audette
President9.3yrsUS$3.40m0.012%
€ 2.9m
Greg Gates
MD and Chief Technology & Information Officer3.8yrsUS$3.39m0.018%
€ 4.2m
Matthew Enyedi
Managing Director of Client Success4.9yrsUS$2.46m0.0096%
€ 2.2m
Judith Ricketts
Executive Vice President of Operations4.7yrsno datano data
Marc Zabicki
Chief Investment Officer2.3yrsno datano data
Althea Brown
MD & Chief Legal Officer1.3yrsno data0.0012%
€ 285.3k
Sara Dadyar
MD & Chief Human Capital Officerless than a yearno datano data
Robert Krivit
Senior VP & Head of Trading6.5yrsno datano data
Aneri Jambusaria
Managing Director of LPL Services Group4.7yrsno data0.0030%
€ 697.1k
Corey Staten
Executive Vice President of Service3.3yrsno datano data
Matthew Morningstar
Executive VP of Compliance and Legal & Risk3.3yrsno datano data

3.6yrs

Average Tenure

49yo

Average Age

Experienced Management: 7LI's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Steinmeier
CEO, MDless than a yearUS$3.73m0.027%
€ 6.2m
Richard Schifter
Independent Director19.2yrsUS$257.43k0.058%
€ 13.3m
Edward Bernard
Independent Director4.6yrsUS$269.93k0.055%
€ 12.6m
William Glavin
Independent Director7.6yrsUS$267.43k0.034%
€ 7.7m
Anne Mulcahy
Independent Director11.6yrsUS$274.93k0.047%
€ 10.9m
H. Eberhart
Independent Director10.1yrsUS$289.84k0.028%
€ 6.4m
James Putnam
Independent Non-Executive Chairman19.9yrsUS$394.93k0.18%
€ 41.8m
Corey Thomas
Independent Director5.6yrsUS$267.43k0.017%
€ 4.0m
Allison Mnookin
Independent Director6.5yrsUS$282.34k0.014%
€ 3.2m
Albert Ko
Additional Independent Director1.9yrsUS$325.59k0.0022%
€ 508.4k

7.0yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 7LI's board of directors are considered experienced (7 years average tenure).