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 | ||
| Richard Steinmeier Interim Chief Executive Officer | Matthew J. Audette Chief Financial Officer, Head of Business Operations | Sara Dadyar Chief Human Resource Officer, Managing Director |
| Greg Gates Managing Director, Chief Technology and Information Officer | Althea Brown Managing Director, Chief Legal Officer | Matthew Enyedi Managing Director - Client Success | Aneri Jambusaria Managing Director of LPL Services Group |
| 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 six months ended 30 June 2024, LPL Financial Holdings Inc revenues increased 18% to $5.76B. Net income decreased 15% to $532.6M. Revenues reflect Advisory increase of 26% to $2.49B, Commission increase of 25% to $1.53B, Service and fee increase of 10% to $267.2M. Net income was offset by Advisory and commission increase of 26% to $3.55B (expense), Compensation and benefits - Balancing increase of 16% to $537.7M (expense). |
| Employees: | 8,873 as of Jun 30, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $19,331M as of Jun 30, 2024 |
| Annual revenue (TTM): | $10,931M as of Jun 30, 2024 |
| EBITDA (TTM): | $1,915M as of Jun 30, 2024 |
| Net annual income (TTM): | $974.41M as of Jun 30, 2024 |
| Free cash flow (TTM): | $21.61M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $1,699M as of Jun 30, 2024 |
| Shares outstanding: | 74,762,890 as of Jul 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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