LPLA
LPL Financial Holdings (NASDAQ: LPLA) completed its $15 billion acquisition of Good Life Advisors,...
Article Summary
HOLD- LPL Financial Holdings (NASDAQ: LPLA) completed its $15 billion acquisition of Good Life Advisors, expanding its long-term strategy of acquiring affiliates with affiliated advisors through full or partial acquisitions.
- Analysts see the move as a continuation of LPL's strategy of taking minority or majority stakes in OSJ affiliates, often with them working as office of supervisory jurisdiction, and bringing them in through full acquisitions when the time is right.
- LPL first acquired branch offices in 2022, Financial Advocates in 2023, and Mariner's advisor network in April, bringing in 367 advisors and $31 billion in assets, while 144 advisors joined Private Advisor Group's hybrid RIA last year.
- The move allows Good Life advisors to gain broader access to LPL's wealth platform and services, while full acquisition of such groups can work for advisors as well since they are already on LPL platform and custody with them.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 38.1% | 25% | 85.0 ptsExcellent (38.1%) - Strong growth |
| EPS Growth Next 5Y ? | 20.9% | 25% | 70.0 ptsGood (20.9%) - Solid outlook |
| Target Price Upside ? | 21.2% | 20% | 70.0 ptsGood Upside (21.2%) - Target: $397.57 vs Current: $327.96 |
| Gross Margin % ? | 28.8% | 15% | 40.0 ptsModerate (28.8%) - Adequate margins |
| Drawdown from 52-Wk High ? | -18.7% | 15% | 40.0 ptsMild Pullback (-18.7%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About LPLA
- LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States.
- The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account.
- It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities.
- In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors.
- Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, including proposal generation, investment analytics, and portfolio modeling.
- The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012.
- LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.