LPL Financial Holdings Inc

LPLA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$561.00	Mfdjbj	Bzzssll

Wealth Management Firms and Investment Banks Meaningfully Differ From Silicon Valley Bank

Michael Wong

Mar 15, 2023

Most of the issues that affected Silicon Valley Bank don’t apply to the wealth management firms and investment banks that we cover, so we don’t plan to make material changes to our fair value estimates or Morningstar Economic Moat Ratings for Morgan Stanley, Goldman Sachs, Ameriprise Financial, Raymond James Financial, LPL Financial, Stifel Financial, Evercore Group, or Lazard.

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