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 $6.62M. 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 percentage | 15.9% |
| CEO tenure | less than a year |
| CEO ownership | 0.03% |
| Management average tenure | 3.6yrs |
| Board average tenure | 7yrs |
Recent management updates
Recent updates
After Leaping 29% LPL Financial Holdings Inc. (NASDAQ:LPLA) Shares Are Not Flying Under The Radar
Nov 07
Earnings Update: Here's Why Analysts Just Lifted Their LPL Financial Holdings Inc. (NASDAQ:LPLA) Price Target To US$309
Nov 06LPL Financial: Near-Term Overhang Is A Buying Opportunity
Oct 16It's Down 29% But LPL Financial Holdings Inc. (NASDAQ:LPLA) Could Be Riskier Than It Looks
Aug 03LPL Financial: Strong EPS Upside In 2025 And '26, Fresh Breakout To New Highs
Jun 21Is Now The Time To Put LPL Financial Holdings (NASDAQ:LPLA) On Your Watchlist?
Apr 23LPL Financial Holdings Inc. (NASDAQ:LPLA) Screens Well But There Might Be A Catch
Mar 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$974m |
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$4m | US$592k | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$3m | US$540k | US$846m |
| Sep 30 2022 | n/a | n/a | US$635m |
| Jun 30 2022 | n/a | n/a | US$505m |
| Mar 31 2022 | n/a | n/a | US$464m |
| Dec 31 2021 | US$4m | US$500k | US$460m |
| Sep 30 2021 | n/a | n/a | US$463m |
| Jun 30 2021 | n/a | n/a | US$464m |
| Mar 31 2021 | n/a | n/a | US$447m |
| Dec 31 2020 | US$2m | US$494k | US$473m |
| Sep 30 2020 | n/a | n/a | US$488m |
| Jun 30 2020 | n/a | n/a | US$516m |
| Mar 31 2020 | n/a | n/a | US$560m |
| Dec 31 2019 | US$2m | US$450k | US$560m |
| Sep 30 2019 | n/a | n/a | US$554m |
| Jun 30 2019 | n/a | n/a | US$529m |
| Mar 31 2019 | n/a | n/a | US$501m |
| Dec 31 2018 | US$3m | US$174k | US$439m |
Compensation vs Market: Rich's total compensation ($USD3.73M) is below average for companies of similar size in the US market ($USD12.88M).
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. Richard Steinmeier, also known as Rich, was MD, Divisional President & Chief Growth Officer of LPL Financial LLC from 2024. He serves as Chief Executive Officer of LPL Financial LLC since October 21, 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD | less than a year | US$3.73m | 0.027% $ 6.6m | |
| President | 9.3yrs | US$3.40m | 0.012% $ 3.1m | |
| MD and Chief Technology & Information Officer | 3.8yrs | US$3.39m | 0.018% $ 4.5m | |
| Managing Director of Client Success | 4.9yrs | US$2.46m | 0.0096% $ 2.4m | |
| Executive Vice President of Operations | 4.7yrs | no data | no data | |
| Chief Investment Officer | 2.3yrs | no data | no data | |
| MD & Chief Legal Officer | 1.3yrs | no data | 0.0012% $ 304.5k | |
| MD & Chief Human Capital Officer | less than a year | no data | no data | |
| Senior VP & Head of Trading | 6.5yrs | no data | no data | |
| Managing Director of LPL Services Group | 4.7yrs | no data | 0.0026% $ 645.7k | |
| Executive Vice President of Service | 3.3yrs | no data | no data | |
| Executive VP of Compliance and Legal & Risk | 3.3yrs | no data | no data |
3.6yrs
Average Tenure
49yo
Average Age
Experienced Management: LPLA's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD | less than a year | US$3.73m | 0.027% $ 6.6m | |
| Independent Director | 19.2yrs | US$257.43k | 0.058% $ 14.2m | |
| Independent Director | 4.6yrs | US$269.93k | 0.055% $ 13.4m | |
| Independent Director | 7.6yrs | US$267.43k | 0.034% $ 8.2m | |
| Independent Director | 11.6yrs | US$274.93k | 0.047% $ 11.6m | |
| Independent Director | 10.1yrs | US$289.84k | 0.028% $ 6.8m | |
| Independent Non-Executive Chairman | 19.9yrs | US$394.93k | 0.18% $ 44.6m | |
| Independent Director | 5.6yrs | US$267.43k | 0.017% $ 4.2m | |
| Independent Director | 6.5yrs | US$282.34k | 0.014% $ 3.4m | |
| Additional Independent Director | 1.9yrs | US$325.59k | 0.0022% $ 542.6k |
7.0yrs
Average Tenure
66.5yo
Average Age
Experienced Board: LPLA's board of directors are considered experienced (7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:45 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
LPL Financial Holdings Inc. is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Budish | Barclays |
| Craig Siegenthaler | BofA Global Research |
| Caydee Blankenship | CFRA Equity Research |