Lpl Financial Stock Price, News & Analysis

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.

LPL Financial (Nasdaq: LPLA) announced that The Monteverde Group has joined its broker-dealer and investment platforms. The team of eight advisors manages approximately $440 million in assets. Founded by President and CEO Jim Monteverde, the firm specializes in wealth management, financial and retirement planning, and holistic estate tax strategies. The Monteverde Group chose LPL for its innovative technology solutions and commitment to enhancing the client experience. This partnership aims to provide better services and value to clients, highlighting LPL's role as a leader in the financial advisory market.