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 | 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: | $21,251M 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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