LPL Financial Holdings Inc

**Strong Financial Performance**: LPL Financial achieved a record total asset level of $1.6 trillion, with organic net new assets of $27 billion, reflecting a 7% annualized growth rate. Over the past 12 months, the firm has brought in nearly $100 billion in organic net new assets, equating to approximately 8% growth.

**Strategic Growth Initiatives**: The firm continues to focus on expanding its capabilities through strategic growth initiatives, including the recent acquisition of Atria Wealth Solutions, which is expected to add approximately $150 million in run-rate EBITDA. The onboarding of Prudential and Wintrust Financial is also anticipated to contribute a combined $76 billion of assets by early 2025.

**Operational Transformation and Advisor-Centric Focus**: Rich Steinmeier, the new CEO, emphasizes the importance of maintaining a client-centric approach while empowering employees to make decisions that enhance client success. This operational transformation aims to drive efficiency and improve the overall advisor experience, contributing to a competitive advantage in the advisor-mediated marketplace.