$LPLA

Investment banking & brokerage stocks reported Q2 earnings, with Piper Sandler (PIPR) revenues up 21.2% YoY, beating estimates. Perella Weinberg (PWP) revenues flat but beat estimates, while Houlihan Lokey (HLI) revenues down 15.6% YoY, missing estimates. LPL Financial (LPLA) revenues up 35.2% YoY, beating estimates. Stifel (SF) revenues up 13.2% YoY, beating estimates. Sector revenues beat consensus by 4.5%, with guidance 1.1% below.

LPL Financial and Raymond James Financial Services added advisor teams managing $470M in assets. Preferred Financial Group, with $230M in assets, joined LPL from Harbour Investments. Stillwell Financial Advisors, with $240M in assets, moved to Raymond James from Ameriprise.

LPL Financial Holdings reported July 2026 results, highlighting lower Model Wealth Portfolios minimums to US$1,000 and expanded access to 110 alternative strategies. The company aims to attract more clients and advisors, but faces risks from fee compression and interest rate sensitivity. Analysts project revenue and earnings growth by 2029, with varying expectations.

Gates Greg (Group Managing Director) sold 4,119 shares of LPL Financial Holdings Inc. (LPLA) at $355.38 ($1.46M total) on 2026-08-20.

Cetera Financial Group said it hired advisors Jim Tucker and Patrick Bria and their Tucker Bria Wealth Strategies team, managing about $420M in assets under administration, from Commonwealth Financial Network, which is owned by LPL Financial. The article also covers Hightower Signature Wealth acquiring Valley Financial Group ($275M AUM), Independent Financial Partners adding two former Commonwealth teams (> $400M), LPL adding a $350M team to Frontline Investment Advisors, and UBS adding a $300M

CNBC’s “Final Trades” highlighted LPL Financial Holdings, Roundhill Memory ETF (DRAM), iShares U.S. Healthcare ETF (IYH), and J.B. Hunt Transport (JBHT). LPL reported Q2 EPS of $5.60 vs $5.40 expected and sales of $5.186B vs $4.995B. JBHT reported EPS $1.91 vs $1.71 and revenue $3.5B vs $3.24B. Shares and ETFs rose in Wednesday trading.

LPL Financial’s Private Advisor Group hired the Paxel Financial Consulting team from Cetera, with the practice reporting about $300M in advisory, brokerage and retirement plan assets. LPL said the move fits its recruiting push. Kestra added Kathryn McGough to expand in Chicago, and Oxford Financial named Jason Gust in Grand Rapids. Howard Bailey hired Jake Boyer in Fort Wayne.

Raymond James Financial Services added advisors John Chaulklin and Brian Clayton, plus office manager Faith Rodriguez and associate Johnny Campbell, from LPL Financial. They managed about $540 million in client assets. LPL also said Don A. Harrell’s WestKai Private Wealth joined LPL Strategic Wealth with about $400 million in assets, after coming from Morgan Stanley.

LPL Financial’s Q2 results beat estimates, with revenue of $5.19B vs $5.04B and adjusted EPS of $5.84 vs $5.38, as management cited organic growth, operating leverage, and progress integrating Commonwealth Financial Network. On the call, executives discussed adviser movement normalization, a pricing review, G&A efficiency, and the Latitude AI platform, including concerns about fee pressure.

LPL Financial’s LPL Research launched 17 new model portfolios within its Building Block Model Portfolios suite, expanding the platform to 70 variants and surpassing $100 billion in AUM. The models target single asset classes or outcomes and can be used alone or combined in a unified managed account, using SMAs, ETFs, and mutual funds. Broadridge projects model portfolio AUM could reach $18.6T by 2030.