secwatch.observer — SEC 8-K summary
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Issuer:     LPL Financial Holdings Inc. (LPLA)
CIK:        0001397911
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001397911-24-000103
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LPL Financial Q2 net income $244M, EPS $3.23 down 12% YoY; adjusted EPS $3.88 down 2%
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- Net income of $244M, diluted EPS of $3.23, down 12% YoY; adjusted EPS of $3.88, down 2% YoY.
- Total advisory and brokerage assets hit $1.5T (+21% YoY); advisory assets $829B (+25% YoY), representing 55.4% of total.
- Organic net new assets of $29B (8% annualized); organic net new advisory assets of $27B (13% annualized).
- Recruited assets $24B in quarter, trailing twelve months $93B (+55% YoY); advisor count 23,462, up 578 sequentially.
- Client cash balances of $44B, down $2B sequentially and $6B YoY; as % of assets 2.9%, down from 4.0% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397911/000139791124000103/0001397911-24-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397911/000139791124000103/lpla-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001397911-24-000103

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