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LPL Financial Holdings Inc - Stock Quote LPLA

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Morningstar's LPL Financial Holdings Inc Stock Analysis

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Is it the right time to buy or sell?

1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Decreasing our Fair Value Estimate for LPL Financial due to Market Depreciation and Cash Shift

Michael Wong, CFA, CPA Sector Director

Business Strategy and Outlook

| Michael Wong, CFA, CPA |

LPL Financial provides an advisory and brokerage platform for advisors, broker/dealer services for financial institutions, and resources for practice management. At the end of 2021, advisors on LPL's platform served over $1 trillion of wealth management assets in the United States. LPL aims to offer services to all advisors regardless of business model. For example, advisors can be licensed with LPL Financial, giving LPL responsibility for managing risk and compliance, or they can operate as a hybrid Registered Investment Advisor using LPL Financial for custody, trading, and administrative support. LPL has also launched a new employee model that allows advisors to fully outsource practice management. Apart from independent advisors, LPL provides services to more than 2,500 advisors at banks and credit unions and more than 3,500 advisors licensed with insurance companies.

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LPL Financial Holdings Inc's Company Profile

Business Description

LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2021, the company had nearly 20,000 advisors on its platform managing over $1 trillion of client assets.

Contact
4707 Executive Drive
San Diego, CA, 92121
T +1 800 877-7210
Sector Financial Services
Industry Capital Markets
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 6,051