LPL Financial steamrolled results in the first quarter, 2021, with largest-ever 'organic' growth and a surging share price to match
The Fort Mill, N.C., brokerage grew AUA 43% to near $1 trillion, and shares hit all-time high of $156 after hours today
Author Brooke Southall April 30, 2021 at 4:47 AM
Jeff Spears
April 30, 2021 — 8:28 AM
LPL has the best of both worlds for top advisors. Solutions that require big investment and a competitive advisor payout. I have to admit I didn’t see this coming. Warehouses and large RIA firms should take notice.
Related Moves
LPL Financial names Rich Steinmeier CEO, effective immediately -- after shares shot up under his stint as interim CEO
Wall Street analysts publicly endorsed the 50 year-old executive; LPL chief financial officer Matt Audette passed over for CEO, but he rises to president while maintaining his CFO title
