[8-K] LPL Financial Holdings Inc. Reports Material Event

Rhea-AI Filing Summary

LPL Financial Holdings Inc. (Nasdaq: LPLA) filed an 8-K on 1 Aug 2025 to disclose that, through wholly-owned subsidiary LPL Holdings, it completed the previously announced acquisition of CFN Holding Company, LLC ("Commonwealth"). The closing was simultaneously announced in a press release furnished as Exhibit 99.1; the exhibit is provided for informational purposes only and is not deemed filed for Exchange Act liability or incorporated into other SEC filings.

No purchase price, financing terms, or pro-forma financial information were included in this report. Other than the consummation of the transaction, there are no additional financial statements, earnings figures, or guidance updates provided.

Positive

• Acquisition completed: On 1 Aug 2025 LPL Financial closed its purchase of Commonwealth, removing execution risk and enabling integration.

Negative

• None.

Insights

M&A Specialist

TL;DR: Deal closed; strengthens platform, limited quantitative detail—overall positive signal.

The 8-K confirms legal completion of the Commonwealth acquisition, eliminating closing risk and allowing integration to begin. While the filing lacks purchase price or expected synergies, closing certifies regulatory approvals and board consent, generally viewed as accretive to LPL’s franchise breadth. Investors often treat consummation of a strategic acquisition as a modest catalyst because uncertainty is removed. Absence of financial metrics tempers impact assessment, but directionally positive.

Securities Analyst

TL;DR: Neutral to modestly positive—transaction finalised, but no numbers to gauge impact.

The filing is purely procedural, offering no revenue, AUM, or EPS guidance. As such, it neither upgrades nor downgrades the earnings outlook. Market reaction will hinge on separate disclosures (e.g., Exhibit 99.1 or future 10-Q) that quantify Commonwealth’s contribution. Until then, the news is chiefly a formality confirming prior expectations.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 1, 2025

LPL Financial Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-34963		20-3717839
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

4707 Executive Drive, San Diego, California		92121
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code:

(800) 877-7210

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of class		Trading symbol		Name of exchange on which registered
Common stock, par value $0.001 per share		LPLA		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

On August 1, 2025, LPL Financial Holdings Inc. (the “Company”) issued a press release announcing the acquisition of CFN Holding Company, LLC, a Massachusetts limited liability company (“Commonwealth”). A copy of the press release is furnished with this Form 8-K and attached hereto as Exhibit 99.1.

Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item 8.01. Other Events.

On August 1, 2025, the Company, acting through its wholly owned subsidiary, LPL Holdings, Inc., a Massachusetts corporation, completed its previously announced acquisition of Commonwealth.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
99.1		Press release dated August 1, 2025 (“LPL Financial Closes its Acquisition of Commonwealth Financial Network”)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				LPL FINANCIAL HOLDINGS INC.
Dated: August 1, 2025				By:		/s/ Robert S. Hatfield III
				Name:		Robert S. Hatfield III
				Title:		Secretary

FAQ

What material event did LPLA report in its 8-K filed on August 1 2025?

LPL Financial completed its previously announced acquisition of CFN Holding Company, LLC (Commonwealth) on August 1 2025.

Is the press release about the Commonwealth acquisition part of the filed record?

The press release is furnished as Exhibit 99.1 but is not deemed "filed" for Exchange Act liability or incorporated by reference.

Were financial terms of the Commonwealth deal disclosed in this filing?

No. The 8-K does not provide purchase price, financing structure, or pro-forma financials.

Does the 8-K include updated guidance or earnings figures for LPLA?

No. The report solely addresses the transaction closing and contains no earnings or guidance updates.

Which subsidiary executed the Commonwealth acquisition for LPLA?

The transaction was carried out through LPL Holdings, Inc., a wholly-owned Massachusetts subsidiary of LPL Financial.