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LPL Financial reports Q3 adjusted EPS $5.20, consensus $4.49

Reports Q3 revenue $4.55B, consensus $4.31B. “Over the past quarter, we continued to make progress against our key priorities, while delivering strong business results and record adjusted earnings per share,” said Rich Steinmeier, CEO. “We continue to seek opportunities to improve our advisors’ efficacy in the market. As advisory services become more central to our clients, we’re lowering fees and streamlining pricing to make our platforms the most competitive in the industry. Ensuring that our pricing supports the value that we deliver, next year we will also make targeted fee adjustments that more closely align with industry standards.”

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