LPL Financial is an advisor-mediated marketplace which provides advisors with front-, middle- and back-office support. They service approximately 30 000 advisors, representing ~$1.8 trillion in assets, which continue to grow as they take market share from larger banks which provide less flexibility and financial opportunities to advisors. The business trades on 17x forward earnings but should deliver high teens earnings growth supported by structural growth tailwinds.


Insights Disclaimer


More articles about:


Related articles

Investing in a quality business during times of economic uncertainty.

How Interactive Brokers, LPL Financial and Charles Schwab are capitalising on emerging trends

"The Fed’s actions reverberate across every corner of the global financial system."— Ben Bernanke, Former Chairman of the Federal Reserve