LPL Financial Posts Record Adjusted Earnings as Advisor Recruiting Pipeline Hits Two-Year High

NewsData.io · United States · Jul 31, 2026

LPL Financial reported record adjusted EPS of $5.84 for Q2 2026, up 29% year-over-year, alongside $25 billion in recruited assets — a 35% increase from a year ago and the strongest recruiting quarter in nearly two years. CEO Richard Steinmeier attributed the rebound to normalized advisor movement industrywide, while noting LPL captures a disproportionate share of advisors in motion. The firm also closed its acquisition of Mariner Advisor Network (367 advisors, $31B in assets) and is progressing on Commonwealth integration, with run-rate EBITDA from that deal now estimated at $435 million. Executives linked recruiting momentum partly to new technology offerings, including an AI agent and unified advisor platform.