Inflation adjustments this tax season mean that many Americans could get larger refunds than they expected, so what should they do with the extra money? LPL Financial has lured away a two-advisor team from Lincoln Financial that oversaw $860 million in client assets. The team, Strategic Wealth Partners, exits Lincoln just ahead of that company’s planned sale of its wealth unit to Osaic this summer.
LPL Financial is making strides with its program to buy retiring advisors’ practices, the company’s CEO, Dan Arnold said Tuesday. The wealth management company, which operates the nation’s largest independent broker-dealer, has bought out 27 practices so far, including its first non-LPL practice, Arnold said, while discussing the company’s first-quarter results on a conference call. The company said revenue rose 17% year over year to $2.8 billion and expenses increased 25% to $2.4 billion.
LPL Financial Holdings Inc. (NASDAQ:LPLA) Q1 2024 Earnings Call Transcript April 30, 2024 LPL Financial Holdings Inc. misses on earnings expectations. Reported EPS is $3.51 EPS, expectations were $3.77. LPL Financial Holdings Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). […]