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 $6.35M. The average tenure of the management team and the board of directors is 4.2 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 | 4.2yrs |
| 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 27Here's Why We Think LPL Financial Holdings (NASDAQ:LPLA) Is Well Worth Watching
Nov 14If EPS Growth Is Important To You, LPL Financial Holdings (NASDAQ:LPLA) Presents An Opportunity
Aug 15Here's Why We Think LPL Financial Holdings (NASDAQ:LPLA) Might Deserve Your Attention Today
May 14Here's Why We Think LPL Financial Holdings (NASDAQ:LPLA) Might Deserve Your Attention Today
Feb 12CEO 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 ($USD12.74M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD | less than a year | US$3.73m | 0.027% $ 6.3m | |
| President | 9.2yrs | US$3.40m | 0.012% $ 2.9m | |
| MD and Chief Technology & Information Officer | 3.8yrs | US$3.39m | 0.018% $ 4.3m | |
| Managing Director of Client Success | 4.8yrs | US$2.46m | 0.0096% $ 2.3m | |
| Executive Vice President of Operations | 4.6yrs | no data | no data | |
| Chief Investment Officer | 2.2yrs | no data | no data | |
| Senior Vice President of Investor Relations | 9.8yrs | no data | no data | |
| MD & Chief Legal Officer | 1.2yrs | no data | 0.0012% $ 292.0k | |
| MD & Chief Human Capital Officer | less than a year | no data | no data | |
| Senior VP & Head of Trading | 6.4yrs | no data | no data | |
| Managing Director of LPL Services Group | 4.6yrs | no data | 0.0030% $ 713.6k | |
| Executive Vice President of Service | 3.3yrs | no data | no data |
4.2yrs
Average Tenure
49yo
Average Age
Experienced Management: LPLA's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD | less than a year | US$3.73m | 0.027% $ 6.3m | |
| Independent Director | 19.1yrs | US$257.43k | 0.058% $ 13.6m | |
| Independent Director | 4.5yrs | US$269.93k | 0.055% $ 12.9m | |
| Independent Director | 7.5yrs | US$267.43k | 0.034% $ 7.9m | |
| Independent Director | 11.5yrs | US$274.93k | 0.047% $ 11.2m | |
| Independent Director | 10yrs | US$289.84k | 0.028% $ 6.5m | |
| Independent Non-Executive Chairman | 19.8yrs | US$394.93k | 0.18% $ 42.8m | |
| Independent Director | 5.5yrs | US$267.43k | 0.017% $ 4.1m | |
| Independent Director | 6.4yrs | US$282.34k | 0.014% $ 3.3m | |
| Additional Independent Director | 1.8yrs | US$325.59k | 0.0022% $ 520.5k |
7.0yrs
Average Tenure
66.5yo
Average Age
Experienced Board: LPLA's board of directors are considered experienced (7 years average tenure).