LPL Financial appoints new Chief Accounting Officer

SAN DIEGO – LPL Financial Holdings Inc. (NASDAQ:LPLA), a leader in the financial advisory market with a market capitalization of $25.7 billion and impressive revenue growth of 22.5% over the last twelve months, has announced the appointment of Katharine Reeping as its new Chief Accounting Officer, effective February 28, 2025. Reeping, 48, brings over two decades of finance and accounting experience to her new role at LPL Financial.

Reeping, who has been with the company since August 2022 as Senior Vice President, Corporate Controller, will now oversee principal accounting functions, reporting directly to Matthew Audette, the company’s President and CFO. Audette previously held the role of principal accounting officer.

Before her tenure at LPL Financial, Reeping served at PNC as Senior Vice President of Financial Reporting & Analysis and Vice President of Financial Reporting. Her career also includes a decade at ETRADE Financial and an early start at Deloitte. Reeping is a Penn State University graduate, a certified public accountant, and holds a Series 99 designation.

Along with her appointment, LPL Financial disclosed the compensatory arrangements for Reeping. As of March 3, 2025, her total target annual compensation is set at $874,000. This package includes a base salary of $380,000, a target annual cash bonus of $228,000, and long-term incentive compensation with a grant date value of $266,000. The company’s stock has shown remarkable strength, gaining over 63% in the past six months, trading at $345.08. According to InvestingPro analysis, which offers comprehensive insights on over 1,400 US stocks, LPL Financial maintains a "GOOD" financial health rating and is currently trading slightly below its Fair Value.

The company’s decision to elevate Reeping to this critical role reflects its commitment to maintaining robust financial oversight and reporting standards. The information regarding this executive change is based on a press release statement filed with the SEC on March 6, 2025. For detailed analysis and additional insights about LPL Financial’s performance metrics and growth potential, investors can access the full Pro Research Report available on InvestingPro.

In other recent news, LPL Financial Holdings Inc. reported strong financial results for the fourth quarter of 2024, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $4.25, exceeding the forecasted $3.96, and reported revenue of $3.51 billion, which also beat the anticipated $3.27 billion. LPL Financial demonstrated significant growth in its advisory and brokerage assets, which increased to $1.7 trillion, marking a 9% rise from the previous quarter. Additionally, LPL Holdings, a subsidiary of LPL Financial, successfully issued $1.25 billion in senior unsecured notes, aiming to strengthen its financial position by repaying existing debts.

In other developments, LPL Financial welcomed Carmen M. Lex Jr. and Chris Lex, who manage approximately $630 million in assets, to its platforms. This move underscores the company’s strategy to expand its reach and enhance its service offerings. Furthermore, analyst firms have been closely monitoring LPL Financial’s performance, with Wolfe Research and TD Cowen engaging in discussions about the company’s growth and strategic priorities during the earnings call.

LPL Financial continues to focus on expanding its capabilities, including banking and lending, to enhance its service offerings for advisors and clients. The company has outlined plans to integrate additional financial solutions, such as cash management accounts and securities-based lending, into its platform. These strategic initiatives are part of LPL Financial’s broader efforts to maintain its competitive edge and drive long-term growth.

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