Macquarie to acquire Waddell & Reed Financial, Inc. and upon closing sell Waddell & Reed ’s w ealth m anagement business to LPL Financial for $ 300 million Long-term partnership between LPL Financial and Macquarie will provide existing Waddell & Reed advisors and clients with continuity, as well
SAN DIEGO, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker-dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. ( Nasdaq: LPLA ) (the “Company”), today released its monthly activity report for October 2020.
Key Financial Results Earnings per share ("EPS") was $1.29, and Net Income was $104 million. Gross Profit** was $506 million. Core G&A** was $227 million. EBITDA** was $205 million and EBITDA** as a percentage of Gross Profit** was 41%. EPS Prior to Amortization of Intangible Assets** was $1.44.