Highest-materiality recent filing
LPL Financial adopts bylaw amendments and shareholders approve all proposals at 2026 annual meeting
Board amended bylaws to align with Delaware law, clarify meeting postponement authority, and revise stockholder nomination procedures.
LPL Financial Q1 EPS $4.43 (adj $5.60), assets up 30% to $2.3T; lowers Core G&A outlook
Net income $356M, diluted EPS $4.43 (+4% YoY); adjusted EPS $5.60 (+9% YoY).
LPL Financial Q4 adj EPS $5.23, up 23% YoY; assets reach $2.4T
Net income $301M, diluted EPS $3.74 (+4% YoY); adjusted EPS $5.23 (+23%).
Somesh Khanna elected to LPL Financial board as independent director
Khanna, effective Jan 5, 2026, is a senior advisor at McKinsey and executive co-chair of Apexon.
Net loss $30M (diluted EPS -$0.37) from $419M one-time acquisition costs for Commonwealth Financial Network.
LPL closed acquisition of Commonwealth, adding ~3,000 advisors and $305B in assets.
LPL Financial Q2 2025: Adjusted EPS $4.51 (+16% YoY), total assets $1.9T (+28%)
Net income $273M, diluted EPS $3.40 (+5% YoY); adjusted EPS $4.51 (+16% YoY).
Consulting period July 2 to September 20, 2025; supports transition of chief legal officer duties.
Chief Legal Officer Althea Brown resigns effective June 30, 2025 for personal career break
Althea Brown submitted resignation as Chief Legal Officer and Corporate Secretary, effective June 30, 2025.
All 10 director nominees elected; Anne M. Mulcahy received the lowest support with 63.4M for vs 3.1M against (94.9% of votes cast).
LPL Q1 earnings: EPS $4.24 (+11% YoY); adjusted EPS $5.15 (+22%)
Net income $319M; diluted EPS $4.24; adjusted EPS $5.15.
LPL Holdings issues $1.5B in three tranches of senior notes to fund Commonwealth acquisition
Issued $500M 4.900% notes due 2028, $500M 5.150% notes due 2030, $500M 5.750% notes due 2035.
LPL Financial closes public offering of 5.39M shares at $320, raising ~$1.73B
Underwriters exercised full option; total shares issued: 5,390,625 at $320 per share.
LPL Financial to acquire Commonwealth Financial Network for $2.7B cash
Purchase price $2.7B cash; LPL acquires 100% equity of Commonwealth holding company.
LPL Financial appoints Katharine Reeping as Chief Accounting Officer
Appointment effective February 28, 2025; Reeping previously SVP, Corporate Controller since August 2022.
LPL issues $1.25B in senior notes: $750M 5.200% due 2030, $500M 5.650% due 2035
Issued $750M 5.200% Senior Notes due March 15, 2030, and $500M 5.650% Senior Notes due March 15, 2035.
LPL Holdings issues $1.25B in senior notes (5.200% 2030, 5.650% 2035)
$750M 5.200% senior notes due 2030 issued at 99.856% of par.
LPL Financial Q4 EPS $3.59, up 26% YoY; adjusted EPS $4.25, up 21%; record recruited assets
Net income $271M, diluted EPS $3.59 (up 26% YoY); adjusted EPS $4.25 (up 21% YoY).
Refinanced $1.019B Term Loan B with new $1.02B Term Loan A due Dec 5, 2026.
LPL Financial settles with former CEO Dan Arnold; retains $12M in options
Arnold retains 47,994 options valued at $12.0M ($327.56/share); forfeits 98,432 options.
LPL refinances $1.02B Term Loan B into Term Loan A, saves ~$4M annual interest
Refinanced $1,019M Term Loan B with $1,020M Term Loan A at SOFR+137.5 bps vs prior +175 bps.
LPL Financial Q3 2024: Net income $255M, EPS $3.39 (+16% YoY), assets $1.6T (+29%)
Adjusted EPS $4.16 (+11% YoY); gross profit $1,128M (+12%); adjusted EBITDA $566M (+12%).
LPL Financial names Rich Steinmeier permanent CEO, Matt Audette President & CFO
Steinmeier, previously interim CEO since Oct 1, appointed CEO and elected to board effective Oct 17, 2024.
LPL Financial CEO Dan Arnold terminated for cause; Rich Steinmeier named interim CEO
Board terminated Dan Arnold for cause effective Oct 1 after outside counsel investigation found code-of-conduct violations regarding statements to employees.
LPL Financial Q2 net income $244M, EPS $3.23 down 12% YoY; adjusted EPS $3.88 down 2%
Net income of $244M, diluted EPS of $3.23, down 12% YoY; adjusted EPS of $3.88, down 2% YoY.
LPL issues $1B in senior notes and upsizes revolver to $2.25B for Atria acquisition
Issued $500M 5.700% senior notes due 2027 and $500M 6.000% senior notes due 2034.
LPL Holdings to issue $1B in senior notes: $500M at 5.700% due 2027, $500M at 6.000% due 2034
Aggregate $1B notes: $500M 5.700% senior notes due 2027, $500M 6.000% senior notes due 2034.
All ten director nominees elected with votes ranging from 62.9M to 66.8M; broker non-votes 3.7M.
LPL Financial Q1 net income $289M, EPS $3.83 down 10% YoY; adjusted EPS $4.21 down 6%
Net income $289M ($3.83 diluted EPS), down 10% YoY; adjusted EPS $4.21, down 6%.
LPL Financial Chief Product Officer Kabir Sethi to depart March 31, 2024
Kabir Sethi, Managing Director and Chief Product Officer of LPL Financial LLC, will leave the company effective March 31, 2024.
LPL Financial amends bylaws to align with SEC universal proxy rules and DGCL updates
Amended Section 1.2 to require stockholder nomination notices to include intent to solicit proxies per Rule 14a-19.
LPL Financial to acquire Atria Wealth Solutions with ~$100B in client assets
Acquisition adds ~2,400 advisors and 150 banks/credit unions with ~$100B in brokerage and advisory assets.
LPL Financial Q4 adjusted EPS falls 17% YoY to $3.51; full-year adjusted EPS up 36% to $15.72
Q4 net income $218M ($2.85 diluted EPS), down 28% YoY; adjusted EPS $3.51 (-17% YoY).
LPL Financial closes $750M 6.750% Senior Notes due 2028; proceeds to repay revolver
$750M aggregate principal of 6.750% Senior Notes due November 17, 2028.
LPL Holdings issues $750M 6.75% senior notes due 2028; proceeds to repay revolver
$750M aggregate principal of senior notes due 2028 issued at 99.929% of par, bearing 6.750% interest.
LPL Financial Q3 net income $224M; adj EPS $3.74 +19% YoY; total assets $1.24T +19%
Net income $224M ($2.91 diluted EPS); adjusted EPS $3.74, up 19% YoY. Gross profit $1,010M +21% YoY.
LPL will act as broker-dealer and RIA for Prudential Advisors, moving assets from current custodian to LPL.
LPL Financial Q2 net income $286M, EPS $3.65 up 85% YoY; assets $1.24T up 16%
Net income $286M, diluted EPS $3.65 (+85% YoY); adjusted EPS $3.94 (+76% YoY).
LPL appoints CFO Audette as principal accounting officer; Simonich named CRO
Matthew Audette (CFO & Head of Business Operations) added principal accounting officer role; Brent Simonich becomes Chief Risk Officer.
LPL Financial Q1 net income $339M; diluted EPS $4.24 (+159% YoY)
Adjusted EPS $4.49, up 130% YoY; gross profit $1,020M (+52%); EBITDA $564M (+111%).
LPL Financial realigns organization; Chief Customer Care Officer Dayton Semerjian to depart March 31
Dayton Semerjian (chief customer care officer) to depart effective March 31, 2023, due to organizational realignment.
LPL Financial Q4 net income $319M ($3.95 EPS), up 199% YoY; FY net income $846M
Q4 diluted EPS $3.95 vs $1.32 a year ago; adjusted EPS $4.21 (up 158% YoY).
Albert J. Ko elected to LPL Financial Board of Directors
Effective January 9, 2023, Albert J. Ko was elected as an independent director.
LPL Financial Q3 net income $232M, diluted EPS $2.86 (+127% YoY); adjusted EPS $3.13
Gross profit up 33% YoY to $838M; EBITDA up 84% to $414M.
LPL Financial Q2 net income $161M, EPS $1.97 (+35% YoY); adjusted EPS $2.24 (+21%)
Net income $161M, diluted EPS $1.97 (+35% YoY); adjusted EPS $2.24 (+21% YoY).
LPL Financial posts updated Q1 2022 investor presentation on website
Presentation titled 'Q1 2022 Investor Presentation' posted to investor.lpl.com.
LPL Financial declares $0.25 quarterly dividend; annual meeting elects directors
Board declared $0.25 per share cash dividend, payable June 24, 2022 to holders of record June 9, 2022.
LPL Financial Q1 2022 earnings release; no specific figures available in filing excerpt
Q1 2022 financial results for period ending March 31, 2022 announced on April 28, 2022.
LPL Financial adopts proxy access bylaw for 3% holders
New Section 1.12 allows stockholder or group of up to 20 stockholders owning at least 3% of common stock continuously for 3 years to nominate directors.
LPL Financial reports Q4/FY2021 earnings; press release text not included in filing
LPL Financial issued a press release on February 3, 2022 for Q4 and full year 2021 results.
Althea Brown submitted her resignation as the Chief Legal Officer and Corporate Secretary of LPL Financial Holdings Inc. (the “Company”) effective June 30, 2025, when she will depart the Company.
On February 28, 2025, the board of directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) appointed Katharine Reeping, age 48, as the Company’s Chief Accounting Officer.
appointed Matthew Audette, 50, as the Company’s President and Chief Financial Officer
the Board also elected Mr. Steinmeier as a member of the Board, effective immediately.
On October 17, 2024, the Board of Directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) appointed Rich Steinmeier, 50, as the Company’s Chief Executive Officer
Additionally, on October 1, 2024, the Board accepted Mr. Arnold’s resignation from the Board.
On October 1, 2024, the Board of Directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) terminated Dan H. Arnold, President and Chief Executive Officer of the Company, in the course of an investigation conducted by outside counsel that determined that Mr. Arnold made statements to employees that violated the Company’s Code of Conduct.
The Company also announced that Rich Steinmeier, currently the Managing Director, Chief Growth Officer of LPL Financial LLC, a subsidiary of the Company (“LPL Financial”), has been appointed as the Company’s Interim Chief Executive Officer, effective immediately.
Kabir Sethi will depart the Company effective March 31, 2024.
appointed Matthew Audette as the Company’s principal accounting officer.
Brent Simonich, the Company’s previous principal accounting officer, was appointed on May 11, 2023 to serve as the Company’s Chief Risk Officer.
Dayton Semerjian will depart the Company effective March 31, 2023.
Max materiality 0.90 · Median 0.65 · Most common event earnings