LPL Financial Announces Fourth Quarter and Full Year 2021 Results

Fourth Quarter 2021 Key Financial Results

  • Net Income was $108 million, translating to diluted earnings per share (“EPS”) of $1.32.
  • EPS prior to amortization of intangible assets and acquisition costs* increased 7% year-over-year to $1.63.
    • Gross profit* increased 20% year-over-year to $643 million.
    • Core G&A* increased 19% year-over-year to $299 million. Prior to Waddell & Reed-related costs, Core G&A* increased 10% year-over-year.
    • EBITDA* increased 4% year-over-year to $225 million and EBITDA* as a percentage of Gross profit* was 35%.

Fourth Quarter 2021 Key Business Results

  • Total advisory and brokerage assets increased 34% year-over-year to $1.21 trillion.
    • Advisory assets increased 39% year-over-year to $643┬ábillion.
    • Advisory assets as a percentage of total assets increased to 53.3%, up from 51.1% a year ago.
  • Total organic net new assets were $26┬ábillion, translating to 9% annualized growth.
    • Total organic net new asset annualized growth rate was 8% in October, 7% in November and
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