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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPLA:
- LPL Financial: Edge Wealth Advisory Group joins broker-dealer, RIA platform
- LPL Financial Holdings Inc. (LPLA) Q3 Earnings Cheat Sheet
- LPL Financial: Gentle Family Wealth joins broker-dealer, RIA platform
- LPL Financial price target lowered to $438 from $463 at JPMorgan
- LPL Financial: Paddock and Pine Wealth joins Linsco by LPL Financial
