LPL Financial Holdings Inc. (NASDAQ:LPLA) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET

Company Participants

Rich Steinmeier – Chief Executive Officer
Matt Audette – President and Chief Financial Officer

Conference Call Participants

Alex Blostein – Goldman Sachs
Steven Chubak – Wolfe Research
Michael Cyprys – Morgan Stanley
Craig Siegenthaler – Bank of America
Mike Brown – Wells Fargo Securities

Operator

Good afternoon and thank you for joining the Third Quarter 2024 Earnings Conference Call for LPL Financial Holdings Inc. Joining the call today are our Chief Executive Officer, Rich Steinmeier; and President and Chief Financial Officer, Matt Audette. Rich and Matt will offer introductory remarks, and then the call will be open for questions. The company would like – would appreciate if analysts 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 LPL Financial’s future financial and operating results, outlook, business strategy and plans as well as other opportunities and potential risks that 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 disclosures 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. Steinmeier.

Rich Steinmeier

Thank you so much, operator. As a long-time listener and first-time caller, it’s great to speak to everyone on today’s call.

For those that haven’t met me, I’m Rich Steinmeier, and it’s my privilege to serve as LPL’s Chief Executive Officer. I joined the firm in 2018, following roughly a decade working in wealth management at a couple wirehouses, after having started my career in management consulting.

I joined LPL with the mandate to accelerate our growth, and for the past six years, have worked closely with Matt and the rest of our leadership team, to set our strategic vision, and to build and execute on the plan to achieve that vision.