Welcome to our dedicated page for Lpl Financial news (Ticker: LPLA), a resource for investors and traders seeking the latest updates and insights on Lpl Financial stock.
LPL Financial Holdings Inc. (Nasdaq: LPLA) provides essential technology and support services to over 22,000 financial advisors nationwide. This page serves as the definitive source for official company announcements, financial results, and strategic developments.
Access real-time updates including quarterly earnings disclosures, regulatory filings, and technology initiatives that shape the advisor-mediated wealth management landscape. Our curated collection ensures investors and professionals stay informed about operational milestones, partnership agreements, and compliance updates critical to understanding LPLA's market position.
Explore press releases covering advisor recruitment trends, platform enhancements, and industry thought leadership. All content is sourced directly from LPL Financial's corporate communications, maintaining factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to LPLA's financial narrative. For historical context, combine these updates with our detailed company profile analyzing LPLA's broker-dealer business model and competitive differentiators.
LPL Financial announced the addition of Woods Financial Group to its platforms. Based in Fort Worth, Texas, Woods Financial Group manages approximately $130 million in advisory, brokerage, and retirement plan assets. Founded in 1986 by Joel Woods, the firm aims to enhance its business continuity by leveraging LPL’s extensive network and resources. The team is focused on expanding their client base while ensuring a smooth transition for clients as Woods approaches retirement. LPL’s innovative technology and support will enable better client engagement and service.
LPL Financial announces that CR Davis & Company has joined its broker-dealer and RIA platforms, bringing approximately $110 million in assets. The firm, with a history dating back to the 1920s, aims to enhance its client services by leveraging LPL's technology and operational support. Partners Jeffrey Gibbs and Brad Welker emphasize the importance of client education and personalized financial planning. LPL's senior vice president, Ken Hullings, welcomes the firm, highlighting its commitment to supporting advisors in enhancing client experiences.
LPL Financial Holdings Inc. (Nasdaq: LPLA) will report its first quarter financial results after market close on April 29, 2021. A conference call to discuss the results is scheduled for 5 p.m. ET on the same day, accessible via phone or webcast. LPL Financial serves over 17,000 financial advisors and is a top provider in the independent broker-dealer space, emphasizing support for advisor independence. The investor relations information is available on their website.
LPL Financial (Nasdaq: LPLA) announced that 19 of its affiliated advisors have been recognized in Forbes' list of Top Women Wealth Advisors. The list highlights top-performing women wealth management professionals, evaluated based on industry experience, assets under management, and compliance records. Angela Xavier, LPL's EVP, praised the honorees for their commitment to client service amidst market volatility. LPL Financial supports over 17,000 advisors, emphasizing an advisor-centered approach aimed at fostering independence and client relationships.
LPL Financial (Nasdaq: LPLA) announced the addition of advisors Steven Allison, Jonathan Cummings, and Raymond Empkey to its platforms, coming from Securities America. The trio brings approximately $215 million in advisory, brokerage, and retirement plan assets. Specializing in employee stock ownership plans and 401(k) retirement plans, they seek improved client experiences and operational efficiency at LPL. LPL's executive vice president, Scott Posner, emphasized the firm's commitment to supporting advisors with advanced technology and resources to enhance client service.
LPL Financial (Nasdaq:LPLA) announced the addition of Progressive Financial Concepts, which has about $450 million in assets, to its platforms. The team, based in Scottsdale, includes seasoned advisors who have provided wealth management and retirement planning for over 20 years. They chose LPL for superior technology and integrated capabilities, enhancing their service delivery. LPL's executive expressed commitment to supporting advisory teams through continuous investments in technology and service excellence, reinforcing its position as a leading broker-dealer.
LPL Financial has announced that financial advisor Tim Vanderloo has joined its broker-dealer and advisory platforms, aligning with Silverleaf Wealth Management. Vanderloo brings 21 years of experience and has approximately $200 million in advisory and brokerage assets. His partnership is expected to push Silverleaf's assets under management to nearly $1 billion. Vanderloo's focus is on high-net-worth financial planning, enhanced by LPL's extensive resources. Justin Gibson of Silverleaf emphasized the alignment of Vanderloo's values with their firm’s client-first approach.
LPL Financial (Nasdaq: LPLA) has recognized 17 affiliated advisors ranked among the Top 1,200 Financial Advisors in America by Barron’s. This recognition highlights the advisors' commitment to personalized financial advice and exceptional wealth management services. Angela Xavier, LPL's executive VP, praised the advisors for their resilience during unprecedented times. The annual list evaluates advisors based on practice quality and community involvement, with approximately 4,000 top financial advisors contributing data. LPL continues to support over 17,000 advisors across the nation, emphasizing the independence model.
LPL Financial (Nasdaq: LPLA) reported a positive monthly activity for February 2021, with total advisory and brokerage assets reaching approximately $925 billion, a 2.0% increase from January. The firm saw a net inflow of $5.9 billion in new assets, yielding a strong 7.9% annualized growth rate, driven by $6.0 billion in net new advisory assets, equating to a 15.4% annualized growth. However, total client cash balances decreased by $0.5 billion to $48.3 billion. Overall, LPL continues to demonstrate robust growth despite the slight downturn in cash balances.
LPL Financial Holdings Inc. (Nasdaq: LPLA) announced the completion of an amendment to its revolving credit facility and a senior unsecured notes offering. The net proceeds from the $900 million senior notes will be used to redeem existing debt and cover related expenses. The new notes, maturing in 2029, bear a 4.000% interest rate, with interest payments starting in September 2021. The revolving credit facility was increased to $1.0 billion, extending its maturity to 2026. The company anticipates approximately $13 million in annual interest expense savings from this refinancing.
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