LPL Has ‘Reduced Pricing’ to Help Advisors: CEO

October 28, 2019 by Janet Levaux

LPL Financial executives laid out their tech-focused growth strategies after releasing strong earnings Thursday and also said the firm has “reduced pricing” in the context of the overall industry movement to zero fees.

The independent broker-dealer’s net income jumped 23% and earnings per share 32% year over year to $132 million, or $1.57 per share, in the third quarter of 2019, beating estimates; revenue grew 6% from last year to $1.42 billion. 

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Originally Posted at ThinkAdvisor on October 25, 2019 by Janet Levaux.