lpl financial’s chief legal officer to resign at end of june

LPL Financial Holdings Inc. (NASDAQ:LPLA) announced Monday that Althea Brown, its Chief Legal Officer and Corporate Secretary, has submitted her resignation. Brown will officially leave the company on June 30, 2025, after deciding to take a career break following more than 28 years in executive roles. The announcement comes as LPL Financial maintains a strong market position, trading near its 52-week high with a market capitalization of $30.8 billion and demonstrating robust financial health according to InvestingPro analysis.

Brown communicated her decision to LPL Financial’s leadership, stating her intention to step back from her professional duties. During the transition period, she will assist in developing a succession plan as the company begins the search for her successor. The company appears well-positioned to manage this transition, with InvestingPro data showing strong revenue growth of 25.7% and maintaining dividend payments for 14 consecutive years. For deeper insights into LPL Financial’s performance and outlook, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

Brown was listed as a named executive officer in LPL Financial’s most recent proxy filing with the Securities and Exchange Commission. This announcement was disclosed in a recent 8-K filing with the SEC. The company maintains strong fundamentals with a current ratio of 2.15, indicating healthy liquidity to meet its short-term obligations.

In other recent news, LPL Financial Holdings has reported strong financial results for the first quarter of 2025, achieving a record adjusted earnings per share (EPS) of $5.15, surpassing the forecasted $4.75. The company’s revenues reached $3.67 billion, with significant growth attributed to a 58% year-over-year increase in sales-based commissions. Analysts at Morgan Stanley (NYSE:MS) have responded positively, raising their price target for LPL Financial to $450, while maintaining an Overweight rating, reflecting a bullish outlook on the company’s earnings potential. Keefe, Bruyette & Woods also adjusted their price target to $405, citing an earnings beat and anticipated increases in commission and advisory revenues.

JMP Securities increased their price target to $440, maintaining a Market Outperform rating, following LPL Financial’s robust first-quarter performance. The firm’s EBITDA margin stood at 52.2%, highlighting strong profitability. LPL Financial’s strategic acquisitions, including the Investment Center and Commonwealth Financial Network, have further bolstered its financial position, with total advisory and brokerage assets reaching $1.8 trillion, a 3% increase from the previous quarter. The company has also lowered its full-year core General and Administrative (G&A) guidance, indicating improvements in operational efficiency.

These recent developments reflect LPL Financial’s ongoing financial momentum and strategic growth initiatives, as analysts continue to monitor the company’s performance and its alignment with revised price targets and outlooks.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.