LPL Financial Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 31, 2019 at 04:05 pm
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LPL Financial Holdings Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company announced total revenues of $1,317,042,000 compared to $1,116,442,000 a year ago. Net income was $120,298,000 compared to $64,098,000 a year ago. Basic earnings per share was $1.40 compared to $0.71 a year ago. Diluted earnings per share was $1.36 compared to $0.69 a year ago.
For the year, the company announced total revenues of $5,188,400,000 compared to $4,281,481,000 a year ago. Net income was $439,459,000 compared to $238,863,000 a year ago. Basic earnings per share was $4.99 compared to $2.65 a year ago. Diluted earnings per share was $4.85 compared to $2.59 a year ago.
LPL Financial Holdings Inc. is an independent broker-dealer and an investment advisory firm company. The Company offers an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises (collectively, advisors) in the United States. Through its comprehensive platform, it offers integrated technology solutions; brokerage and advisory platforms; clearing, compliance, business and planning and advice services; consultative practice management programs and training, and in-house research. Through its custody and clearing platform, using both proprietary and third-party technology, the Company offers access to diversified financial products and services, enabling its advisors to offer personalized financial advice and brokerage services to retail investors. Its products include alternative investments, annuities, exchange-traded products, insurance-based products, mutual funds, and retirement plan products.
LPL FINANCIAL HOLDINGS INC. 
