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 (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.
LPL Financial LLC announced that The Fox Alliance has joined its broker-dealer and RIA platforms, bringing approximately $260 million in advisory, brokerage, and retirement plan assets. Founded in 1986 by Bill Fox, The Fox Alliance has expanded into a team providing financial planning and investment advice. They chose LPL for its integrated technology and lower fees, citing enhancements in service and client transparency. LPL's executive vice president highlighted the partnership as a commitment to elevating client experiences, with comprehensive business solutions.
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.
FAQ
What is the current stock price of Lpl Financial (LPLA)?
What is the market cap of Lpl Financial (LPLA)?
