How Advisor Additions And Organic Asset Growth At LPL Financial (LPLA) Have Changed Its Investment Story

• LPL Financial LLC recently reported that veteran advisor Melissa Mirabile joined its Linsco by LPL Financial employee channel to launch Forest Lake Wealth Partners in Albany, N.Y., bringing about US$280 million in advisory, brokerage and retirement plan assets and a nationwide client base.
• A separate November 2025 activity update showed total advisory and brokerage assets at about US$2.36 trillion with continued organic net new asset inflows, underscoring LPL’s ability to grow assets even while off-boarding some large offices.
• We’ll now examine how LPL’s resilient organic asset growth, alongside continued advisor recruitment momentum, shapes the company’s broader investment narrative.

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LPL Financial Holdings Investment Narrative Recap

To own LPL, you need to believe its advisor-centric model can keep attracting assets and advisors faster than competitive and regulatory pressures bite. The latest November update, showing US$2.36 trillion in assets and positive organic inflows despite off-boarding large offices, supports the near term growth catalyst of resilient asset gathering. These data points do not materially change the biggest current risk, which remains earnings sensitivity to interest rate driven cash sweep revenues.

The Melissa Mirabile move into Linsco by LPL underscores that recruitment momentum is not just about scale, but also about higher quality, experienced advisors bringing sizable client relationships, such as the roughly US$280 million she reported. This kind of addition aligns directly with LPL’s core catalyst of building fee based, advice led assets that are less exposed to pricing pressure and interest rate cycles.

Yet while asset and advisor growth look encouraging, investors should also be aware that...

Read the full narrative on LPL Financial Holdings (it's free!)

LPL Financial Holdings' narrative projects $23.0 billion revenue and $1.9 billion earnings by 2028. This requires 18.7% yearly revenue growth and about an $0.8 billion earnings increase from $1.1 billion today.

Uncover how LPL Financial Holdings' forecasts yield a $448.33 fair value, a 24% upside to its current price.

Exploring Other Perspectives

Three members of the Simply Wall St Community currently place LPL’s fair value between US$361.62 and US$483.69, reflecting a wide spread of expectations. When you weigh that against LPL’s reliance on interest rate sensitive cash sweep revenue, it underlines why many investors choose to compare several different viewpoints before forming an opinion.

Explore 3 other fair value estimates on LPL Financial Holdings - why the stock might be worth as much as 33% more than the current price!

Build Your Own LPL Financial Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your LPL Financial Holdings research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
• Our free LPL Financial Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate LPL Financial Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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