Lpl Financial Stock Price, News & Analysis

LPL Financial (Nasdaq: LPLA) announced that two of its attorneys, Erin Ogburn and Michael Wang, have been selected for the Leadership Council on Legal Diversity’s 2021 Fellows Program. This initiative aims to promote diversity and inclusivity within the legal profession. Ogburn, a graduate of UNC and Brooklyn Law, emphasizes the importance of these values in enhancing talent development and improving business outcomes. Wang, a Pepperdine and Boston University Law graduate, echoes similar sentiments regarding personal and professional growth through diversity efforts. LPL’s commitment to employee training and development is highlighted.

LPL Financial Holdings Inc. (Nasdaq: LPLA) announced its wholly owned subsidiary, LPL Holdings, priced a $900 million offering of senior unsecured notes. The notes will have a 4.00% interest rate, maturing on March 15, 2029. Additionally, LPL Holdings increased its revolving credit facility from $750 million to $1 billion, extending its maturity to 2026. The proceeds will be used to redeem existing notes due in 2025 and cover related fees. This transaction is subject to customary closing conditions and emphasizes LPL's strategy for financial management and capital structure enhancement.

LPL Financial Holdings Inc. (Nasdaq: LPLA) announced plans to refinance $900 million in senior unsecured notes due 2025 and increase its revolving credit facility from $750 million to $1 billion. The company intends to offer approximately $900 million in new senior unsecured notes, using the proceeds to redeem the existing notes and cover related costs. The overall indebtedness will remain largely unchanged. The completion of these transactions is subject to market conditions, with an expected execution date by mid-March 2021.

LPL Financial, a leading retail investment advisory firm, announced that CFO Matt Audette will present at the Wolfe Virtual FinTech Forum 2021 on March 10 at 1:40 p.m. ET. Investors can access a live audio webcast on the company's investor site, with a replay available for viewing until March 31.

Founded on advisor-centric principles, LPL Financial supports over 17,000 financial advisors. The firm is recognized as the top independent broker-dealer in the U.S. and a leading provider of third-party brokerage services.

LPL Financial (LPLA) has partnered with Pennsylvania State Employees Credit Union (PSECU) to deliver wealth management services to its members via LPL’s Institution Services platform. The collaboration allows financial advisors at PSECU to manage approximately $700 million in brokerage and advisory assets. This new relationship aims to enhance financial planning, retirement income planning, and investment strategies tailored to PSECU members' needs. The partnership highlights LPL's commitment to client support and innovative solutions in financial services.

LPL Financial Foundation has contributed to support central Texas residents affected by recent winter storms. The foundation provided funds to help local organizations, including the Austin Area Urban League and Central Texas Food Bank, assisting those in need during recovery. LPL emphasizes community support, particularly for essential items like food and shelter. Additionally, the foundation features a Matching Gifts program, allowing donations to be doubled, increasing overall impact.

LPL Financial (LPLA) has welcomed WWK Investments to its broker-dealer and RIA platforms. WWK Investments manages approximately $675 million in client assets, specializing in corporate retirement plans and personalized portfolio management.

Founded by Tom Welch in 1974, the firm emphasizes client-first integrity. The partnership with LPL offers WWK greater compliance support and innovative technology, allowing them to focus on client interests without proprietary product limitations. This collaboration is expected to support WWK's growth and enhance services for their clients.

LPL Financial (Nasdaq:LPLA) announced that 92 of its affiliated advisors were ranked among the top advisors in their states by Forbes in the 2021 Best-in-State Wealth Advisors report, an increase from 68 last year. This recognition highlights LPL advisors' commitment to delivering personalized financial advice to clients during uncertain times. The selection process involved evaluations based on methodology created by SHOOK Research, taking into account various performance metrics and client support initiatives.

LPL Financial (LPLA) has announced that Richard Pakes, a seasoned financial advisor with 24 years of experience and approximately $315 million in advisory and brokerage assets, has joined their firm. He will launch CVG Wealth Management in Santa Barbara, CA, offering comprehensive investment advice. Pakes will benefit from LPL's broker-dealer platform and innovative technology, enabling greater flexibility and efficiency in serving clients. LPL's support is expected to enhance Pakes’ practice and attract more advisors, marking a significant step in his independent career.