secwatch.observer — SEC 8-K summary
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Issuer:     LPL Financial Holdings Inc. (LPLA)
CIK:        0001397911
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001628280-25-047543
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LPL Financial Q3 2025: Adjusted EPS $5.20 (+25% YoY); total assets hit $2.3T with Commonwealth integration
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- Net loss $30M (diluted EPS -$0.37) from $419M one-time acquisition costs for Commonwealth Financial Network.
- Adjusted EPS $5.20 (+25% YoY); gross profit $1,479M (+31%); adjusted pre-tax income $569M (+35%).
- Total advisory & brokerage assets +45% to $2.3T; advisory assets +51% to $1.3T.
- Total net new assets $308B, incl. $275B from Commonwealth; organic net new assets $33B (7% annualized).
- Client cash balances $56B (+$5B sequentially); corporate cash $568M; leverage 2.04x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397911/000162828025047543/0001628280-25-047543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397911/000162828025047543/lpla-20251030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-047543

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