secwatch.observer — SEC 8-K summary
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Issuer:     LPL Financial Holdings Inc. (LPLA)
CIK:        0001397911
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001397911-22-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LPL Financial Q2 net income $161M, EPS $1.97 (+35% YoY); adjusted EPS $2.24 (+21%)
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- Net income $161M, diluted EPS $1.97 (+35% YoY); adjusted EPS $2.24 (+21% YoY).
- Gross profit $711M (+18% YoY), EBITDA $311M (+28% YoY).
- Total advisory and brokerage assets $1.06T (-4% YoY); organic net new assets $37B (13% annualized growth).
- Advisor count 20,871 (+780 sequentially, +1,757 YoY); recruited assets $44B in Q2.
- Client cash balances $70B (+$8B sequentially); corporate cash $241M, leverage ratio 2.09x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397911/000139791122000117/0001397911-22-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397911/000139791122000117/lpla-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001397911-22-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer