LPL Financial (LPLA) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

April 28, 2022 5:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon and thank you for joining the First Quarter 2022 Earnings Conference Call for LPL Financial Holdings Inc. Joining the call today are our President and Chief Executive Officer, Dan Arnold; and Chief Financial Officer, Matt Audette. Dan and Matt will offer introductory remarks, and then the call will be opened for questions. The company would appreciate if analyst would limit themselves to one question and one follow up each.

The company has posted its earnings press release and supplementary information on the Investor Relations section of the company's website, investor.lpl.com. Today's call will include forward-looking statements, including statements about LPA financials, future financial and operating results, outlook, business strategies and plans as well as other opportunities and potential risks that we management foresees. Such forward-looking statements reflect management's current estimates or beliefs and are subject to known and unknown risks and uncertainties that may cause actual results or the timing of events to differ materially from those expressed or implied in such forward-looking statements.

For more information about such risks and uncertainties, the company refers listeners to the disclosure set forth under the caption, forward-looking statements, in the earnings press release as well as the risk factors and other disclosures contained in the company's recent filings with the Securities and Exchange Commission. During the call, the company will also discuss certain non-GAAP financial measures. For a reconciliation of such non-GAAP financial measures to the comparable GAAP figures, please refer to the company's earnings release, which can be found at investor.lpl.com.

With that, I will now turn the call over to Mr. Arnold.

Dan Arnold

Thank you, Howard, and thanks to everyone for joining our call today. We entered 2022 with a continued focus on our mission, taking care of our advisers so they can take care of their clients. As we progressed through the first quarter, market volatility and geopolitical uncertainty increased. Conditions like these, the value our advisers provide to their clients is reinforced by helping them to navigate in times of uncertainty. They work to provide personalized financial guidance to millions of American when they need it most, highlights the importance of LPL's mission. It also shines the light on the pivotal work of our employees. We take care of these advisers every day.