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
Tel: N/A
IR: See website
Key People
Dan H. Arnold
President, Chief Executive Officer, Director
Matthew J. Audette
Chief Financial Officer, Principal Accounting Officer
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
Richard Steinmeier
Managing Director, Divisional President - Business Development
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 three months ended 31 March 2024, LPL Financial Holdings Inc revenues increased 17% to $2.83B. Net income decreased 15% to $288.8M. Revenues reflect Advisory increase of 26% to $1.2B, Commission increase of 24% to $746.4M, Other increase of 59% to $52.7M. Net income was offset by Advisory and commission increase of 26% to $1.73B (expense), Compensation and benefits - Balancing increase of 16% to $270.5M (expense).
Employees: 8,400 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $21,374M as of Mar 31, 2024
Annual revenue (TTM): $10,468M as of Mar 31, 2024
EBITDA (TTM): $1,981M as of Mar 31, 2024
Net annual income (TTM): $1,016M as of Mar 31, 2024
Free cash flow (TTM): $630.36M as of Mar 31, 2024
Net Debt Last Fiscal Year: $1,246M as of Mar 31, 2024
Shares outstanding: 74,708,931 as of Apr 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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