LPL Financial Holdings Inc.
LPL Financial Holdings Inc. (LPLA) is a US-focused independent broker‑dealer and custodian that serves independent financial advisers, registered investment advisers (RIAs) and small institutions. The company generates revenue from transaction fees, asset‑based fees, advisory platforms and services such as technology and clearing. With a market cap of about $27.06 billion, LPL benefits from scale, a broad distribution network and trends towards adviser independence and RIA growth. Investors should note revenue and margins are linked to assets under administration, market volatility and advisor activity. Regulatory scrutiny, compliance costs, competition from wirehouses and custody platforms, plus integration risks from acquisitions, can affect performance. LPL’s capital returns and strategic investments support growth, but like all equities its share price can fall as well as rise. This is general information only and not personalised investment advice; suitability depends on individual circumstances.
Why It's Moving
LPL Financial's Assets Hit $2.36 Trillion Milestone as Advisors Flock to Platform
LPL Financial kicked off 2026 with robust November metrics, reporting total advisory and brokerage assets at a record $2.36 trillion, up 0.5% month-over-month and 34.3% year-over-year, fueled by strong organic growth. This momentum underscores the firm's appeal to advisors amid a competitive wealth management landscape, even as client cash balances dipped slightly.[1][2]
- Organic net new assets reached $6.7 billion in November, equating to a 3.4% annualized growth rate, signaling sustained client inflows and platform stickiness.[2]
- Brokerages maintain a 'Moderate Buy' consensus on LPLA, reflecting optimism around its high return on equity of 36.8% and recent advisor hires like Melissa Mirabile launching Forest Lake Wealth Partners.[1][3]
- November net buying surged to $12.9 billion, highlighting investor confidence despite money market sweep balances dropping 41.5% after conversions.[2]
LPL Financial's Assets Hit $2.36 Trillion Milestone as Advisors Flock to Platform
LPL Financial kicked off 2026 with robust November metrics, reporting total advisory and brokerage assets at a record $2.36 trillion, up 0.5% month-over-month and 34.3% year-over-year, fueled by strong organic growth. This momentum underscores the firm's appeal to advisors amid a competitive wealth management landscape, even as client cash balances dipped slightly.[1][2]
- Organic net new assets reached $6.7 billion in November, equating to a 3.4% annualized growth rate, signaling sustained client inflows and platform stickiness.[2]
- Brokerages maintain a 'Moderate Buy' consensus on LPLA, reflecting optimism around its high return on equity of 36.8% and recent advisor hires like Melissa Mirabile launching Forest Lake Wealth Partners.[1][3]
- November net buying surged to $12.9 billion, highlighting investor confidence despite money market sweep balances dropping 41.5% after conversions.[2]
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying LPL Financial's stock, which has the potential to reach a higher price.
Financial Health
LPL Financial is performing strongly with high revenue, cash flow, and profitability margins.
Dividend
LPL Financial's low dividend yield of 0.32% means it pays a small dividend. If you invested $1000 you would be paid $3.20 a year in dividends (based on the last 12 months).
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Explore BasketWhy You’ll Want to Watch This Stock
Adviser network growth
LPL benefits from the shift to independence and rising RIA numbers, which can lift fee income — though revenue depends on market performance and adviser retention.
Scale and platform
Scale gives LPL cost and service advantages across custody and clearing, aiding competition, but large firms also face regulatory scrutiny and integration risks.
Sensitivity to markets
Assets under administration and transaction volumes drive revenue, so market volatility and client behaviour can materially affect results.
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