Raymond James vs LPL Financial

This page compares business models, financial performance, and market context for Raymond James and LPL Financial in a neutral, accessible way. It presents plain information to help readers understand how each firm operates within the wealth management and advisory sector. Educational content, not financial advice.

This page compares business models, financial performance, and market context for Raymond James and LPL Financial in a neutral, accessible way. It presents plain information to help readers understand...

Comparison Snapshot

Key Financial Metrics

RJF

Metric

LPLA

$33.10B

Market Cap

$29.37B

5.90%

Potential Profit

19.76%

Hold

Analyst Rating

Buy

Why It's Moving

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

Acquisition targets Clark Capital's $46B AUM, enhancing Raymond James' scale in asset management.
TD Cowen lifted its price target to $187 from $180 on January 14, signaling analyst optimism for growth.
Recent stock momentum shows gains in 7 of last 10 days, reflecting positive market reception to strategic developments.

Sentiment:

🐃Bullish

LPL Financial Bolsters Board with Independent Director Amid Institutional Buying Surge

Dynasty Wealth Management added 3,313 shares, increasing its LPL position to 8,748 shares valued at $2.91 million, underscoring bullish institutional momentum.
Somesh Khanna joins as independent director under Nasdaq standards, with equity awards set for February 1 vesting May 13, enhancing governance expertise.
LPL released its 2026 Market Outlook, spotlighting policy impacts, AI expansion, and diversification to guide advisors through anticipated volatility.

Sentiment:

🐃Bullish

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

Acquisition targets Clark Capital's $46B AUM, enhancing Raymond James' scale in asset management.
TD Cowen lifted its price target to $187 from $180 on January 14, signaling analyst optimism for growth.
Recent stock momentum shows gains in 7 of last 10 days, reflecting positive market reception to strategic developments.

Sentiment:

🐃Bullish

LPL Financial Bolsters Board with Independent Director Amid Institutional Buying Surge

Dynasty Wealth Management added 3,313 shares, increasing its LPL position to 8,748 shares valued at $2.91 million, underscoring bullish institutional momentum.
Somesh Khanna joins as independent director under Nasdaq standards, with equity awards set for February 1 vesting May 13, enhancing governance expertise.
LPL released its 2026 Market Outlook, spotlighting policy impacts, AI expansion, and diversification to guide advisors through anticipated volatility.

Sentiment:

🐃Bullish

Investment Analysis

Raymond James

RJF

Pros

Raymond James has demonstrated solid revenue growth, with a 9.6% increase in the past year driven by strong brokerage and investment banking performance.
The company maintains a healthy net profit margin of around 15% and a robust return on equity, indicating efficient management and profitability.
Raymond James operates with a diversified business model across private client, capital markets, and asset management, reducing reliance on any single revenue stream.

Considerations

Asset management revenue has declined recently, offsetting gains in other segments and raising concerns about diversification effectiveness.
The stock trades at a higher P/E ratio than some peers, which may limit upside if earnings growth slows or market sentiment shifts.
Operating expenses have risen, pressuring margins despite strong top-line growth and increased interest income.

LPL Financial

LPLA

Pros

LPL Financial has delivered strong risk-adjusted returns, outperforming many peers in recent years with a higher Sharpe ratio.
The company benefits from a scalable business model focused on independent advisors, supporting consistent revenue and margin expansion.
LPL maintains a relatively low debt-to-equity ratio, providing financial flexibility and resilience during market downturns.

Considerations

LPL's revenue growth has lagged behind Raymond James, with a smaller increase in top-line performance over the past year.
The company is more exposed to market volatility due to its heavy reliance on brokerage and advisory fees, which can fluctuate with equity markets.
LPL has experienced higher drawdowns in previous market corrections, indicating greater downside risk during periods of economic stress.

About The Companies

Raymond James (RJF)

Raymond James Financial, Inc. (RJF) is a diversified US financial services firm best known for its wealth management and investment banking operations. The company combines a large network of financial advisers with capital markets, institutional services and asset management offerings, creating a mix of fee-based and transactional revenue. Investors often watch RJF for its relatively stable recurring revenue from advisory and asset-based fees, which can help smooth volatility from trading and underwriting cycles. That said, results remain sensitive to market conditions, interest rates and investor sentiment, and earnings can fluctuate with market activity. The firm has a history of reinvesting in its advice network and technology to expand client relationships, but faces regulatory oversight and competitive pressures. This summary is educational only, not personalised advice; potential investors should consider risk tolerance, time horizon and seek independent advice when evaluating RJF.

LPL Financial (LPLA)

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.

Raymond James (RJF) Next Earnings Date

Raymond James Financial (RJF) is expected to report its next earnings on January 28, 2026. This release will cover Q1 2026 results, following the Q4 2025 report issued on October 22, 2025. Note that the date remains an estimate, as the company has not yet officially confirmed it.

LPL Financial (LPLA) Next Earnings Date

LPL Financial (LPLA) is expected to report its next earnings on January 29, 2026, covering the Q4 2025 period. This date aligns with the company's historical pattern of late-January releases for year-end results, following the Q3 2025 report on October 30, 2025. Investors should monitor for official confirmation as the date approaches.

Raymond James (RJF) Next Earnings Date

Raymond James Financial (RJF) is expected to report its next earnings on January 28, 2026. This release will cover Q1 2026 results, following the Q4 2025 report issued on October 22, 2025. Note that the date remains an estimate, as the company has not yet officially confirmed it.

LPL Financial (LPLA) Next Earnings Date

LPL Financial (LPLA) is expected to report its next earnings on January 29, 2026, covering the Q4 2025 period. This date aligns with the company's historical pattern of late-January releases for year-end results, following the Q3 2025 report on October 30, 2025. Investors should monitor for official confirmation as the date approaches.

Which Baskets Do They Appear In?

Anti-Fragile Systems

Companies that don't just survive market chaos—they thrive on it. These carefully selected stocks are designed to become more profitable during volatility, offering you a unique way to potentially benefit from uncertain times.

Published: June 17, 2025

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Which Baskets Do They Appear In?

Anti-Fragile Systems

Companies that don't just survive market chaos—they thrive on it. These carefully selected stocks are designed to become more profitable during volatility, offering you a unique way to potentially benefit from uncertain times.

Published: June 17, 2025

Explore Basket

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Comparison Snapshot

Why It's Moving

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

LPL Financial Bolsters Board with Independent Director Amid Institutional Buying Surge

Raymond James Strikes $46B Deal to Acquire Clark Capital, Fueling Expansion Push

LPL Financial Bolsters Board with Independent Director Amid Institutional Buying Surge