|
|
Lpl Financial Holdings Inc (LPLA) |
|
|
|
|
|
Lpl Financial Holdings Inc 's ROE per quarter
Return on Equity, Quarterly Results, Trends, Rankings, Statistics
What is ROE for Lpl Financial Holdings Inc in the third quarter 2024?
Lpl Financial Holdings Inc achieved a return on average equity (ROE) of 55.44 % in its third quarter 2024, this is above LPLA's average return on equity of 33.83%. Lpl Financial Holdings Inc s equity during the 12 months ending in the third quarter 2024 are valued at $2 billion ROE fell compared to the second quarter 2024, despite the net income growth of 4.72% from the second quarter 2024.
Within the Investment Services industry only one company had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 59, from total ROE ranking in the second quarter 2024 at 109.
What is ROE?
|
Select the Comparisons :
|
|
Select the Ratio:
|
|
| Return On Equity |
(Sep 30 2024)
III. Quarter |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
| Y / Y Equity Change |
32.58 % |
36.4 % |
30.83 % |
28.62 % |
- |
| Y / Y Net Income Change |
13.83 % |
51.86 % |
115.91 % |
431.39 % |
88.32 % |
| Net Income (TTM) in Millions |
1,336 |
1,305 |
1,221 |
1,066 |
622 |
| Return On Equity (TTM) |
55.44 % |
58.27 % |
58.97 % |
55.04 % |
34.13 % |
| LPLA's Total
Ranking |
# 59 |
# 109 |
# 102 |
# 89 |
# 309 |
| Equity (TTM) in Millions |
2,772 |
2,515 |
2,270 |
2,079 |
2,091 |
| Seq. Equity Change |
10.19 % |
10.81 % |
9.18 % |
-0.56 % |
13.37 % |
| Seq. Net Income Change |
4.72 % |
-15.57 % |
-47.27 % |
144.18 % |
39.71 % |
| Return
On Equity Company Ranking |
| Within: |
No. |
| Industry |
# 2 |
| Sector |
# 11 |
| Overall |
# 59 |
| Return On Equity Statistics |
| High |
Average |
Low |
58.97 % |
33.83 % |
15.92 % |
| (Mar 31 2024) |
|
(Dec 31 2013) |
News about Lpl Financial Holdings Inc |
|
LPL Financial s Strategic Moves Highlight a Growing Trend in Wealth Management IndependenceIn a significant move reflecting an evolving landscape in wealth management, LPL Financial LLC has incorporated not one, but two teams of financial advisors within the span of weeks. This strategic expansion not only strengthens LPL s position in the financial services sphere but also underlines a broader trend towards advisor independence that is reshaping the industry.On December 4, 2024, LPL Financial announced that Amanda Miller, Devin Richard, and Jonathan Vila of Frontline Investment Advisors would be joining the firm. Collectively managing approximately $550 million in advisory, brokerage, and retirement plan assets, their transition from VALIC Financial Advisors marks a notable shift, as these seasoned advisors seek greater autonomy in a market increasingly defined by independent practices.
|
|
In a robust demonstration of strategic growth and market positioning, LPL Financial LLC has made
|
|
In a series of strategic moves aimed at strengthening its position in the highly competitive financial services landscape, LPL Financial LLC recently announced the addition of two prominent financial advisors, Ryan Kirby and Michael Alvarez, as well as the partnership with SandG Wealth Partners. These developments underscore LPL Financial s commitment to expanding its network of financial advisors and enhancing its array of service offerings within the financial advisory market.Growth Through Strategic PartnershipsLPL Financial, known for its extensive broker-dealer, Registered Investment Advisor (RIA), and custodial platforms, is not a newcomer to strategic growth initiatives. The recent onboarding of Ryan Kirby, a CERTIFIED FINANCIAL PLANNER? (CFP), and Michael Alvarez marks a significant expansion as they join the existing firm Seapoint Wealth Advisors.
|
|
LPL Financial LLC, a major player in the financial services industry, recently announced the onboarding of SandG Wealth Partners to its broker-dealer, RIA, and custodial platforms. This strategic move highlights LPL?s commitment to expanding its network of financial advisors and enhancing its service offerings.SandG Wealth Partners, which brings an impressive portfolio of approximately $165 million in advisory, brokerage, and retirement plan assets, joins LPL after transitioning from Osaic. This partnership not only signals growth for SandG Wealth Partners but also underscores LPL Financial?s robust recruitment strategy aimed at bolstering its reach and capabilities in the competitive financial advisory market.
|
|
LPL Financial Sees Surge in Advisor Activity: A Look at New Trends and Strategies in Wealth ManagementIn recent weeks, LPL Financial LLC has become the center of attention in the financial advisory landscape, boasting a remarkable influx of talent and assets. The firm announced the addition of Ashton Medina, a financial advisor with around $155 million in advisory, brokerage, and retirement plan assets, to its ranks. Medina steps into this role from Synovus Securities, joining the established GradePoint Financial Group as part of LPL s broker-dealer and corporate registered investment advisor (RIA) platforms.Medina s move aligns with market trends that highlight a significant shift toward independence among financial advisors. In a landscape historically dominated by large institutions, more advisors are opting to break away, driven by a heightened desire for autonomy, personalized client service, and fiduciary responsibility. The surge in independent advisory services is not only a local phenomenon; it reflects a broader national trend. With LPL s report of a staggering return on equity (ROE) of 58.27% in Q2 2024?outstripping its average ROE of 33.26%?the firm?s financial health appears attractive, making it a desirable platform for seasoned advisors seeking growth opportunities while serving clients with exceptional care.
|
|
ArticleLPL Financial LLC, a prominent player in the financial services sector, continues its aggressive expansion strategy by announcing the onboarding of Morristown Wealth Management, along with several other notable advisory firms. The firm?s latest integrations reflect its commitment to broadening its advisory reach while simultaneously enhancing its offerings through a diverse range of expert financial advisory services.Integration of Morristown Wealth ManagementOn October 7, 2024, LPL Financial welcomed financial advisors Don Giovanello, Jr., and Gian Paolella, CFP, to its broker-dealer, Registered Investment Advisor (RIA), and custodial platforms. The duo, previously affiliated with Raymond James Financial Services, brings approximately $340 million in advisory and retirement plan assets. Their expertise adds to LPL?s growing roster of advisors and enhances the firm?s capacity to serve its clients across the nation.
|
|
Transformation and Growth at LPL Financial: Cheri Belski Joins as Head of Investment Management Solutions Amid Expanding Market FootprintIn a significant development that underscores its commitment to enhancing investment management capabilities, LPL Financial has announced the recent appointment of Cheri Belski as the new executive vice president and head of investment management solutions. Belski, a seasoned veteran in the financial services industry, brings a wealth of experience that will drive innovation and contribute to LPL?s ongoing growth strategy. Her extensive background positions her to play a pivotal role at a time when LPL is focused on bolstering its asset management offerings against the backdrop of a competitive financial landscape.LPL Financial Holdings Inc., which recently traded at 23.3% above its 52-week low, has been on an upward trajectory, yet faces challenges reflected in its recent financial metrics. In its second quarter of 2024, LPL reported a return on equity (ROE) of 58.27%, significantly higher than its historical average of 33.26%. This impressive ROE demonstrates LPL?s ability to generate profit from its equity investments and strengthens its positioning in the investment services sector. However, the company faced a decline relative to the preceding quarter, primarily attributed to reduced net income, which raises questions about sustainability and future performance amidst market fluctuations.
|
|
LPL Financial Expands Market Footprint with Strategic Acquisitions: Welcoming GreenPoint Wealth Management and 57th Street Wealth AdvisorsIn an aggressive bid to consolidate its status in the increasingly competitive financial services landscape, LPL Financial LLC has recently made significant strides by welcoming two substantial advisory firms: GreenPoint Wealth Management and 57th Street Wealth Advisors. This strategic expansion not only enhances LPL?s asset management offerings but also reflects its commitment to providing robust financial services across diverse markets.On September 26, 2024, LPL Financial announced that esteemed financial advisors Jeff Minucci, CFP, and David Ryzman, CFP, have joined its broker-dealer, Registered Investment Adviser (RIA), and custodial platforms from Osaic. Together, they bring approximately $150 million in advisory, brokerage, and retirement plan assets, marking a promising addition to LPL?s growing portfolio.
|
|
LPL Financial?s Bold Move: Expanding Reach Amidst a Competitive LandscapeIn a bid to fortify its position within the crowded financial services sector, LPL Financial LLC has recently made strategic strides with the onboarding of notable financial advisory groups. The latest addition, 57th Street Wealth Advisors, founded by veteran advisors Ken Hutkin and Ron Winkler, marks both a significant expansion into New York City and an increase of approximately $400 million in assets under management (AUM).The announcement on September 24, 2024, comes amidst a wave of similar acquisitions by LPL, designed to enhance its service offerings, broaden its advisor network, and significantly elevate its AUM. Over the past month alone, LPL has integrated Bury Financial Group and Apex Private Wealth Advisors, adding over $1.3 billion in combined assets from Osaic and Ameriprise Financial, respectively. This momentum positions LPL Financial as a formidable player in the financial advisory space, allowing it to better compete against other established firms.
|
|
LPL Financial Welcomes SoundWay Financial, Bringing $180 Million in Assets Under Management
SAN DIEGO, Aug. 05, 2024 - LPL Financial LLC has announced the successful integration of SoundWay Financial into its broker-dealer, RIA, and custodial platforms. SoundWay Financial, previously with Cetera, has joined forces with LPL Financial in collaboration with Balmville Wealth Group (BWG). The addition of SoundWay Financial brings approximately $180 million in advisory, brokerage, and retirement plan assets to LPL Financial.
LPL Financial, a leading retail investment advisory firm and independent broker-dealer, aims to provide unparalleled support and resources to financial advisors across the country. With the inclusion of SoundWay Financial, they strengthen their reach and expand their clientele.
The decision by SoundWay Financial to join forces with LPL Financial and its existing partner BWG signifies an exciting strategic move for all parties involved. LPL Financial, known for its comprehensive lineup of investment and insurance solutions, will now be able to offer their impressive portfolio of financial products to SoundWay Financial s extensive client base. This broader range of options will empower SoundWay Financial advisors to better meet the diverse needs of their clients.
LPL Financial prides itself on its ability to deliver value to its advisors and their clients in a rapidly evolving market. By combining their expertise with SoundWay Financial, LPL Financial can offer a unique value proposition, positioning itself as a front runner in the fiercely competitive financial services industry. This move will allow SoundWay Financial advisors to tap into LPL Financial s expansive resources, including advanced technology, comprehensive research, and innovative practice management solutions.
|
| LPLA Annual Return On Equity |
(Dec 31 2023)
2023 |
(Dec 31 2020)
2020 |
(Dec 31 2019)
2019 |
(Dec 31 2018)
2018 |
(Dec 31 2017)
2017 |
| Total Equity in Millions |
2,079 |
1,315 |
1,024 |
974 |
965 |
| Y / Y Equity Change |
58.11 % |
28.42 % |
5.11 % |
0.94 % |
17.54 % |
| Net Income in Millions |
1,066 |
473 |
560 |
439 |
239 |
| Y / Y Net Income Change |
125.59 % |
-15.58 % |
27.4 % |
83.98 % |
24.45 % |
| Return On Equity |
51.29 % |
35.95 % |
54.68 % |
45.12 % |
24.75 % |
| Annual Roe Comment |
|
In 2023 ROE improved to 51.29 % compared to the previous year, due to net income growth.
|
|
