Continued solid advisor productivity is expected to support LPL Financial's (LPLA) growth. However, elevated expenses might hurt the bottom line.
It's been a good week for LPL Financial Holdings Inc. (NASDAQ:LPLA) shareholders, because the company has just...
SAN DIEGO, May 18, 2020 -- Leading retail investment advisory firm and independent broker-dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc..
LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced that financial advisors Brian Wall and Joe Nastasi have joined LPL’s broker-dealer, corporate registered investment advisor (RIA) and custodian platforms. Wall is an industry veteran, his career spanning 44 years as an advisor, having spent 14 years as a producing branch manager before going independent in 2012. Nastasi, the son of Italian immigrants, worked at a grocery store in his youth to save money for college.
Given the sweeping uncertainty created by COVID-19, the name of the game these days on Wall Street is risk management. For now, LPL seems to be the most risk averse stock among the three wealth managers mentioned, yet its stock price performance year to date has not reflected that relatively favorable positioning.Wealth management stocks have gotten hammered so far in 2020, but one analyst said on Monday that all wealth managers are not created equal.The AnalystWells Fargo analyst Christopher Harris issued the following three ratings changes for wealth management stocks: * Stifel Financial Corp (NYSE: SF) downgraded from Market Weight to Underweight, price target cut from $43 to $40. * Raymond James Financial, Inc. (NYSE: RJF) downgraded from Market Weight to Underweight, price target cut from $64 to $61. * LPL Financial Holdings Inc (NASDAQ: LPLA) upgraded from Market Weight to Overweight, price target raised from $63 to $70.The ThesisHarris said the three stocks mentioned have all taken similar hits so far in 2020 despite the fact that the three businesses have dissimilar risk profiles. He said Raymond James and Stifel both face near-term quedit quality issues that skew risk to the downside, while LPL Financial does not."Low interest rates are a significant headwind for LPLA, but we believe the market is underappreciating the offsetting upside potential from organic growth," Harris wrote in a note.While Raymond James and Stifel face lower loss rates than the banking industry, Harris said consensus 2021 EPS estimates are too optimistic. At the same time, LPL's organic revenue growth rate has been accelerating, and COVID-19 could actually help with that trend if LPL gains advisors from over-leveraged peers.Given LPL does not operate a bank subsidiary, it is not facing the possibility of loan write-offs.Harris said Raymond James has one of the best management teams in the financial services group. In addition, he has a favorable long-term view on the company's focus on private clients. However, he said the one-two-punch of lower interest rates and potential loan losses simply create too much risk to recommend the stock right now.Do you agree with this take? Email feedback@benzinga.com with your thoughts.Related Links:Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios Why A 'Prolonged Recession' Might Not Be Terrible For InvestorsLatest Ratings for SF DateFirmActionFromTo May 2020Wells FargoDowngradesEqual-WeightUnderweight Apr 2020JMP SecuritiesMaintainsMarket Outperform Apr 2020Wells FargoMaintainsEqual-Weight View More Analyst Ratings for SF View the Latest Analyst Ratings See more from Benzinga * Here's How Much Investing ,000 In The 2015 Fitbit IPO Would Be Worth Today * Mark Cuban Channels Bernie Sanders: 'It's Time For Trickle Up Economics' * 7 Sin Stocks To Buy During The Coronavirus Shutdown(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced that father and son advisors Bruce Kelm CFP® and Duncan Kelm of the newly minted ArrowPoint Wealth Management have joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms, aligning with Gladstone Financial Resources Group, a large enterprise on LPL’s corporate RIA platform. After running one of America’s earliest brew pubs in the 1980s, Bruce Kelm, who has always had an entrepreneurial spirit, sold his business in 1992 to launch a new career as a financial advisor.
Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (LPLA) (together, “LPL”), today announced that it has signed an agreement to acquire the assets of E.K. Riley Investments, LLC, a broker-dealer and registered investment advisor (RIA) headquartered in Seattle. E.K. Riley Investments provides independent financial advice to individuals, affluent families, and business owners, with approximately 35 financial advisors and $2 billion of client assets under management.
LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced the firm is hiring for technology roles to be based at a new office location in Austin, Texas, a city recognized as a leading hub for technology and innovation. The Austin base, part of the firm’s existing 2020 technology plans, will enable greater access to a workforce that will further support the firm’s continuous delivery of innovative technology solutions powering its more than 16,000 financial professionals. “With its thriving startup environment, Austin is a great place to find talented, purpose-driven employees with advanced skills and innovative mindsets.”
LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced that industry veteran David B. Winston of Winston Wealth Advisors and his team have joined LPL’s broker-dealer and corporate registered investment advisor (RIA) platforms, which includes LPL custodial services. Winston founded the company 25 years ago with modest beginnings and has since purchased two practices from retiring advisors. With registered offices in Lubbock and Dallas, Texas, Winston Wealth Advisors has grown to include financial professionals Dianna Dunlap, Ashley Hougland, Tara Kincaid and Jacob Winston, David’s son.
LPLA earnings call for the period ending March 31, 2020.
Innovative Solution Makes Money Management Easier for LPL Advisors Growing Part of LPL’s $50B+ AUM Centrally Managed Platforms SAN DIEGO, May 14, 2020 -- LPL Financial LLC, a.
LPL Financial (LPLA) witnesses growth in revenues along with higher expenses in the first quarter of 2020.
A rise in brokerage and advisory assets is likely to support LPL Financial Holdings' (LPLA) revenues going forward.
LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, today announced that financial advisors Brian Lynn CFP®, John Fessler and Jim Pacheco have teamed up to launch Claritas Financial Partners in Marlton, N.J., with support from LPL Strategic Wealth Services, a new affiliation model designed to support the unique needs of established wirehouse- or employee channel-based advisors seeking independence. The team will leverage LPL’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms, while also receiving ongoing business management services and support from the firm.
Q1 2020 LPL Financial Holdings Inc Earnings Call
LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, today announced that LPL advisors now have access to AdvicePay, a leading fee-payment-processing platform designed specifically for financial advisors. Advisors using the platform will be able to invoice clients directly for financial planning services, as well as accept online payments, to make it easier for advisors and their clients.
LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, today announced that the firm and its charitable foundation, the LPL Financial Foundation have extended a combined $1 million in financial support to national and local organizations serving those in need during the COVID-19 crisis. “LPL Financial has been such a wonderful supporter of the Food Bank in San Diego, and we miss your team in our warehouse,” said Sandy Rabourne, San Diego Food Bank Director of Corporate & Community Partnerships.
LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, today announced that approximately 100 financial professionals affiliated with JFC Financial Services, including its founder Jack Connealy, have joined LPL’s broker-dealer, corporate registered investment advisor (RIA) and custodian platforms. Connealy launched his independent practice in 1992, gradually building the JFC business by developing a network of financial institutions throughout Nebraska. Over the years, the firm morphed into a large enterprise that includes independent financial professionals as well as financial institutions.
Those holding LPL Financial Holdings (NASDAQ:LPLA) shares must be pleased that the share price has rebounded 32% in...
CHARLOTTE, N.C., May 20, 2020 -- LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, announced today that LPL and Simmons.