LPL Financial Holdings Inc (OQ:LPLA)
Business Focus: Investment Banking & Brokerage Services
| Sector: Financials | Industry: Investment Banking & Brokerage Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4707 Executive Drive SAN DIEGO CA 92121 |
| Tel: | N/A |
| Website: | https://lplfinancial.lpl.com |
| IR: | See website |
| Key People | ||
| Dan H. Arnold President, Chief Executive Officer, Director | Matthew J. Audette Chief Financial Officer, Principal Accounting Officer | Greg Gates Managing Director, Chief Technology and Information Officer |
| Brent B. Simonich Chief Risk Officer | Matthew Enyedi Managing Director - Client Success | Aneri Jambusaria Managing Director - LPL Services Group | Richard Steinmeier Managing Director, Divisional President - Business Development |
| Business Overview |
| LPL Financial Holdings Inc. is an independent broker-dealer and an investment advisory firm company. The Company offers an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises (collectively, advisors) in the United States. Through its comprehensive platform, it offers integrated technology solutions; brokerage and advisory platforms; clearing, compliance, business and planning and advice services; consultative practice management programs and training, and in-house research. Through its custody and clearing platform, using both proprietary and third-party technology, the Company offers access to diversified financial products and services, enabling its advisors to offer personalized financial advice and brokerage services to retail investors. Its products include alternative investments, annuities, exchange-traded products, insurance-based products, mutual funds, and retirement plan products. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, LPL Financial Holdings Inc revenues increased 17% to $10.05B. Net income increased 26% to $1.07B. Revenues reflect Total asset increase of 35% to $2.38B, Advisory increase of 7% to $4.14B, Commission increase of 10% to $2.55B. Net income benefited from Acquisition Cost of Group Companies decrease of 70% to $6.1M (expense), Acquisition Cost of Group Companies decrease of 17% to $10M (expense). |
| Employees: | 8,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $20,722M as of Dec 31, 2023 |
| Annual revenue (TTM): | $10,053M as of Dec 31, 2023 |
| EBITDA (TTM): | $2,007M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,066M as of Dec 31, 2023 |
| Free cash flow (TTM): | $17.14M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,367M as of Dec 31, 2023 |
| Shares outstanding: | 74,700,729 as of Mar 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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