LPL Financial (LPLA): Evaluating Valuation After Record Asset Growth, Key Acquisitions, and Expanded Prudential Partnership

Simply Wall St.

Sep 25, 2025

Big moves from LPL Financial Holdings (LPLA) have been grabbing investor attention lately. The catalyst? The company just reported meaningful gains in both brokerage and advisory assets, thanks to a ...

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The catalyst? The company just reported meaningful gains in both brokerage and advisory assets, thanks to a ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/diversified-financials/nasdaq-lpla/lpl-financial-holdings/news/lpl-financial-lpla-evaluating-valuation-after-record-asset-g\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LPL Financial (LPLA): Evaluating Valuation After Record Asset Growth, Key Acquisitions, and Expanded Prudential Partnership</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLPL Financial (LPLA): Evaluating Valuation After Record Asset Growth, Key Acquisitions, and Expanded Prudential Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-25 01:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/diversified-financials/nasdaq-lpla/lpl-financial-holdings/news/lpl-financial-lpla-evaluating-valuation-after-record-asset-g><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Big moves from LPL Financial Holdings (LPLA) have been grabbing investor attention lately. The catalyst? The company just reported meaningful gains in both brokerage and advisory assets, thanks to a ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/diversified-financials/nasdaq-lpla/lpl-financial-holdings/news/lpl-financial-lpla-evaluating-valuation-after-record-asset-g\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DCF","symbol_name":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","start_time":0,"source_url":"https://simplywall.st/stocks/us/diversified-financials/nasdaq-lpla/lpl-financial-holdings/news/lpl-financial-lpla-evaluating-valuation-after-record-asset-g","article_id":"2570936087","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7132000-choice1-main-header/1585186724276"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/diversified-financials/nasdaq-lpla/lpl-financial-holdings/news/lpl-financial-lpla-evaluating-valuation-after-record-asset-g","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2570936087","pubTimestamp":1758733842,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Big moves from LPL Financial Holdings (LPLA) have been grabbing investor attention lately. The catalyst? The company just reported meaningful gains in both brokerage and advisory assets, thanks to a wave of new client signings, effective advisor recruiting, and folding in assets from its First Horizon Bank integration. Adding to this, LPL's broadened partnership with Prudential brings insurance-based retirement income offerings to its platform, highlighting why the stock’s recent activity is...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","LPL":"LG Display Co ADS","LPLA":"LPL Financial Holdings Inc","IE0009354923.USD":"JANUS HENDERSON US VENTURE \"A2\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0971096721.USD":"富达环球金融服务 A","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4561":"索罗斯持仓","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4518":"OLED概念","BK4148":"电子元件","BK4127":"投资银行业与经纪业","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC"},"translate_title":"LPL Financial(LPLA)：在创纪录的资产增长、关键收购和扩大审慎合作伙伴关系后评估估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCF":1,"LPLA":1.5,"LPL":1.5},"content_text":"Big moves from LPL Financial Holdings (LPLA) have been grabbing investor attention lately. The catalyst? The company just reported meaningful gains in both brokerage and advisory assets, thanks to a wave of new client signings, effective advisor recruiting, and folding in assets from its First Horizon Bank integration. Adding to this, LPL's broadened partnership with Prudential brings insurance-based retirement income offerings to its platform, highlighting why the stock’s recent activity is in the spotlight. These are not just incremental changes; they add another layer to the diversification strategy that has been building over the past year. In the bigger picture, LPL Financial has been on a clear growth path, not only with these headline asset boosts but also through a string of acquisitions like Commonwealth Financial and Atria Wealth. These efforts are showing up in the numbers: over the past year, LPLA has delivered a 54% total return, substantially outpacing many peers while also posting annual revenue growth of 14% and net income growth close to 18%. Momentum that started with advisor productivity gains and strategic deals has not faded, even as competition in financial services remains fierce. With that kind of performance already priced in by the market, the question is whether LPL Financial’s next chapter has been fully accounted for or if investors could still find untapped value at these levels. AdvertisementMost Popular Narrative: 24.9% Undervalued According to the most popular analyst narrative, LPL Financial is trading well below its calculated fair value, with a significant margin to consensus price target if projections pan out.  The continued industry movement from defined benefit to defined contribution and individual investment accounts is increasing the need for independent financial advice. This is fueling LPL's robust advisor recruitment, with $161 billion in recruited assets over the trailing 12 months, and contributing to higher fee-based revenue growth. Strategic investments in proprietary technology platforms and automation are driving ongoing operational efficiencies. This has led to improved operating leverage and sustainable gains in net margins, as reflected in enhanced margin guidance and cost discipline initiatives that are ahead of schedule.   Want to know what propels this bullish valuation? There is a bold set of assumptions about margin upgrades, ramped-up advisor growth, and aggressive future earnings. Which forecasts underpin this big upside? The details might surprise you. Dive into the full narrative for the key drivers and underlying rationale.\n Result: Fair Value of $453.42 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, slowing advisor recruitment and a decline in interest rate-sensitive revenues could quickly challenge the current optimistic outlook for LPL Financial. Find out about the key risks to this LPL Financial Holdings narrative. Another View: Discounted Cash Flow Perspective Looking at things through the lens of our DCF model gives a different perspective on LPL Financial Holdings' valuation. This method still suggests the stock is undervalued, but does it capture every risk and potential? Look into how the SWS DCF model arrives at its fair value. LPLA Discounted Cash Flow as at Sep 2025 Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out LPL Financial Holdings for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.\n Build Your Own LPL Financial Holdings Narrative If you have a different perspective or want to dig into the numbers on your own, you can build a complete narrative in under three minutes with Do it your way. A great starting point for your LPL Financial Holdings research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision. Looking for More Investment Ideas?  Take your next step toward smarter investing by exploring three powerful ways to uncover hidden market opportunities. These could be the advantage your portfolio needs right now.\n  Fuel your portfolio with steady income, and see which top-performing companies meet the mark in dividend stocks with yields > 3%. Spot undervalued gems before the crowd by using our insights in undervalued stocks based on cash flows. Tap into artificial intelligence breakthroughs and pinpoint tomorrow’s leaders through AI penny stocks.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}