LPL Financial Holdings Inc. recently released its quarterly 10-Q report. The company says it provides brokerage and investment advisory services to independent financial advisors and advisors at institutions in the United States, with products that include annuities, mutual funds, equities, fixed income, alternative investments, retirement and education savings plans, insurance, cash sweep vehicles, and fee-based platforms for trading, portfolio construction, and retirement-plan services. It also offers trust, custodial, insurance brokerage, and technology tools for advisors, and is based in San Diego after being founded in 1989.
In Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” LPL says the filing contains forward-looking statements about future financial and operating results, outlook, growth, business strategy, liquidity, share repurchases, dividends, revenue, expenses, affiliation models, and the resolution and cost of regulatory matters and legal proceedings. It also points to expectations around advisor, institution, and asset conversions tied to acquisition and recruitment activity, including the Commonwealth Financial Network acquisition, as well as the effects of inflation, interest rates, market conditions, and the company’s investments, initiatives, and technology programs. The company says these statements are based on expectations and objectives as of May 4, 2026, and may differ materially from actual results.
LPL’s business overview says it serves more than 32,000 financial advisors and about 1,100 financial institutions, with approximately $2.3 trillion in advisory and brokerage assets served at March 31, 2026. For the first quarter, the company reported net income of $356.4 million, or $4.43 per diluted share, versus $318.6 million, or $4.24 per diluted share, a year earlier. Gross profit rose to $1.6 billion from $1.3 billion, while total net new assets fell to $21.4 billion from $78.8 billion, including net new advisory assets of $25.8 billion and a brokerage outflow of $4.4 billion. Advisory assets reached $1.4 trillion, or 59% of total advisory and brokerage assets served, while brokerage assets were $945.9 billion. During the quarter, LPL paid $24.1 million in cash dividends. The market has reacted to these announcements by moving the company's shares -0.15% to a price of $320.51. For more information, read the company's full 10-Q submission here.
