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 LPLA
 LPLA 
LPL Financial Holdings Inc (LPLA)


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Upturn Advisory Summary
10/30/2025: LPLA (4-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $420.93
1 Year Target Price $420.93
| 7 | Strong Buy | 
| 5 | Buy | 
| 2 | Hold | 
| 1 | Sell | 
| 0 | Strong Sell | 
Analysis of Past Performance
|  Type  Stock |  Historic Profit  62.82% |  Avg. Invested days  59 |  Today’s Advisory  PASS  | 
|  Upturn Star Rating   |  Upturn Advisory Performance   4.0 |  Stock Returns Performance   3.0 | 
|  Profits based on simulation |  Last Close 10/30/2025 | 
Key Highlights
|  Company Size  Large-Cap Stock  |  Market Capitalization  27.49B  USD  |  Price to earnings Ratio  23.54  |  1Y Target Price  420.93  | 
|  Price to earnings Ratio  23.54  |  1Y Target Price  420.93  | ||
|  Volume (30-day avg)  15  |  Beta  0.61  |  52 Weeks Range  262.41 - 403.23  |  Updated Date  10/30/2025  | 
|  52 Weeks Range  262.41 - 403.23  |  Updated Date  10/30/2025  | ||
|  Dividends yield (FY)  0.35%  |  Basic EPS (TTM)  14.6  | 
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
|  Report Date  2025-11-06  |  When  After Market  |  Estimate  4.6  |  Actual  -  | 
Profitability
|  Profit Margin  8.13%  |  Operating Margin (TTM)  11.81%  | 
Management Effectiveness
|  Return on Assets (TTM)  7.72%  |  Return on Equity (TTM)  29.46%  | 
Valuation
|  Trailing PE  23.54  |  Forward PE  21.79  |  Enterprise Value  28060904787  |  Price to Sales(TTM)  2  | 
|  Enterprise Value  28060904787  |  Price to Sales(TTM)  2  | ||
|  Enterprise Value to Revenue  1.99  |  Enterprise Value to EBITDA  11.99  |  Shares Outstanding  80004103  |  Shares Floating  79456479  | 
|  Shares Outstanding  80004103  |  Shares Floating  79456479  | ||
|  Percent Insiders  0.53  |  Percent Institutions  101  | 
 Upturn AI SWOT
 Upturn AI SWOT 
LPL Financial Holdings Inc

Company Overview
 History and Background
 History and Background 
LPL Financial was founded in 1968 as Linsco/Private Ledger (LPL). It has evolved into one of the largest independent broker-dealer networks in the United States, supporting financial advisors with technology, clearing services, and research.
 Core Business Areas
 Core Business Areas 
- Independent Broker-Dealer: LPL provides a platform for independent financial advisors to offer brokerage and advisory services to their clients. This includes access to investment products, technology, and compliance support.
- Registered Investment Advisor (RIA) Custody: LPL offers custody services for RIAs, allowing them to manage client assets while leveraging LPL's platform and resources.
- Financial Planning: LPL provides financial planning tools and resources to advisors, enabling them to create comprehensive financial plans for their clients.
 Leadership and Structure
 Leadership and Structure 
LPL is led by a CEO and a board of directors. The company is organized into various departments, including business development, technology, compliance, and finance.
Top Products and Market Share
 Key Offerings
 Key Offerings 
- Brokerage Services: LPL's core offering, facilitating trading in stocks, bonds, mutual funds, and other securities. Market share data is difficult to pinpoint exactly, but LPL is a major player in the independent broker-dealer space. Competitors include Raymond James, Ameriprise Financial, and Cetera Financial Group. Revenue generated in 2023 was ~$10.5B
- Advisory Platforms: Fee-based advisory platforms that offer managed accounts and financial planning services. This segment is growing rapidly. Competitors include Envestnet and SEI Investments.
- Retirement Plans: LPL provides retirement plan solutions to businesses and individuals, including 401(k) plans and IRAs. Competitors include Fidelity Investments and Vanguard.
Market Dynamics
 Industry Overview
 Industry Overview 
The financial advisory industry is characterized by increasing demand for personalized financial advice, technological innovation, and regulatory complexity.
Positioning
LPL is positioned as a leading independent broker-dealer and RIA custodian, offering a comprehensive platform for financial advisors.
Total Addressable Market (TAM)
The TAM for wealth management and financial advisory services is estimated to be in the trillions of dollars. LPL is positioned to capture a significant share of this market by supporting independent advisors.
Upturn SWOT Analysis
Strengths
- Large network of independent financial advisors
- Comprehensive technology platform
- Strong brand recognition
- Scalable business model
Weaknesses
- Reliance on independent advisors can create compliance risks
- Susceptible to market fluctuations
- Dependence on commission and fee-based revenue
- Complex regulatory environment
Opportunities
- Increasing demand for financial advice
- Consolidation in the independent broker-dealer space
- Expansion into new markets
- Development of new technology solutions
Threats
- Competition from other broker-dealers and RIAs
- Regulatory changes
- Economic downturns
- Cybersecurity threats
Competitors and Market Share
 Key Competitors
 Key Competitors 
- RJF
- AMP
- MODV
Competitive Landscape
LPL competes with other independent broker-dealers, RIAs, and wirehouse firms. LPL's strengths include its large network of advisors, comprehensive technology platform, and strong brand.
Major Acquisitions
Atria Wealth Solutions
- Year: 2024
- Acquisition Price (USD millions): 800
- Strategic Rationale: Enhances LPLu2019s scale and adds experienced advisors to its network, accelerating growth and broadening its market presence.
Allen & Company
- Year: 2024
- Acquisition Price (USD millions): 0
- Strategic Rationale: Allen & Companyu2019s experienced team will enhance and expand LPLu2019s capabilities and better support clients.
Crown Capital Securities, L.P.
- Year: 2024
- Acquisition Price (USD millions): 0
- Strategic Rationale: Allows the firm to expand and grow its financial planning resources and expertise.
Growth Trajectory and Initiatives
Historical Growth: LPL has experienced significant growth in assets under management and advisor headcount over the past decade.
Future Projections: Analysts project continued growth for LPL, driven by organic growth and acquisitions.
Recent Initiatives: Recent initiatives include investments in technology, advisor recruiting, and strategic acquisitions.
Summary
LPL Financial is a strong company in a growing industry. Its large network of advisors and comprehensive platform are key strengths. Regulatory complexity and market volatility are potential challenges, but LPL is well-positioned for future growth due to an increase in acquisitions of small businesses.
Similar Stocks
Sources and Disclaimers
Data Sources:
- LPL Financial Investor Relations
- SEC Filings
- Analyst Reports
- Company Press Releases
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market data and financial information are subject to change.
 AI Summarization is directionally correct and might not be accurate.
 AI Summarization is directionally correct and might not be accurate. 
 Summarized information shown could be a few years old and not current.
 Summarized information shown could be a few years old and not current. 
 Fundamental Rating based on AI could be based on old data.
 Fundamental Rating based on AI could be based on old data. 
 AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
 AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action. 
About LPL Financial Holdings Inc
|  Exchange  NASDAQ  |  Headquaters  San Diego, CA, United States  | ||
|  IPO Launch date  2010-11-18  |  CEO & Director  Mr. Richard  Steinmeier  | ||
|  Sector  Financial Services  |  Industry  Capital Markets  |  Full time employees  9389  |  Website  https://www.lpl.com  | 
|  Full time employees  9389  |  Website  https://www.lpl.com  | ||
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account. It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.


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