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Higher revenues and growth in brokerage and advisory assets support LPLA's Q1 earnings.» Mehr auf zacks.com

Key Financial Results: Net Income was $319 million , translating to diluted earnings per share ("EPS") of $4.24 , up 11% from a year ago Adjusted EPS* increased 22% year-over-year to $5.15 Gross profit* increased 19% year-over-year to $1,273 million Core G&A* increased 14% year-over-year to $413 million Adjusted pre-tax income* increased 23% year-over-year to $509 million Key Business Results: Total advisory and brokerage assets increased 25% year-over-year to $1.8 trillion Advisory assets increased 23% year-over-year to $977 billion Advisory assets as a percentage of total assets decreased to 54.5%, down from 55.0% a year ago Total organic net new assets were $71 billion, representing 16% annualized growth This included $27 billion of assets from Prudential Advisors ("Prudential") and $16 billion of assets from Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC (collectively, "Wintrust") that onboarded during the first quarter, as well as $0.7 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs. Prior to these impacts, organic net new assets were $29 billion, translating to a 7% annualized growth rate Recruited assets ( 1 ) were $39 billion, up 91% from a year ago Recruited assets over the trailing twelve months were a record of $167 billion Total client cash balances were $53 billion, a decrease of $2 billion sequentially and an increase of $7 billion year-over-year Client cash balances as a percentage of total assets were 3.0%, down from 3.2% in the prior quarter and prior year Key Capital and Liquidity Results: Corporate cash ( 2 ) was $621 million Leverage ratio ( 3 ) was 1.82x Share repurchases were $100 million and dividends paid were $22.4 million *See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures Key Updates Large Institutions: Prudential: Completed the onboarding of Prudential, with $67 billion of brokerage and advisory assets, of which $27 billion transitioned onto our platform in Q1 Wintrust: Onboarded Wintrust, with $16 billion of brokerage and advisory assets transitioning onto our platform in Q1 First Horizon Bank ("First Horizon"): In April 2025, announced a strategic relationship agreement with First Horizon to transition support of the broker-dealer and investment advisory services of First Horizon Advisors, Inc., to LPL's Institution Services platform, expected to be completed in the second half of 2025.» Mehr auf globenewswire.com

SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Stephanie Stewart, Debra Hedgcoth, CFP®, RICP®, and Madison Wentland, CPA, of West Texas Investments have joined LPL Financial's broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $170 million in advisory, brokerage and retirement plan assets* and join LPL from B. Riley Wealth Advisors, Inc.» Mehr auf globenewswire.com