Investor Presentaiton
Notice to Investors: Safe Harbor Statement
Statements in this presentation regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, the "Company") future financial and operating
results, growth, priorities, business strategies, capabilities, and outlook, including forecasts and statements relating to the Company's future advisory
and brokerage asset levels and mix, organic asset growth, market share, deposit betas, core G&A* expenses (including outlook for 2023), service
offerings, operating margin, Gross Profit* benefits, EBITDA* benefits, target leverage ratio, client cash balances and yields, service and fee revenue,
investments, acquisitions (including Liquidity & Succession transactions), capital returns, planned share repurchases, and the amount and timing of the
onboarding of acquired or recruited brokerage and advisory assets, as well as any other statements that are not related to present facts or current
conditions or that are not purely historical, constitute forward-looking statements. They reflect the Company's expectations and objectives as of April
27, 2023 and are not guarantees that the expectations or objectives expressed or implied will be achieved. The achievement of such expectations and
objectives involves risks and uncertainties that may cause actual results, levels of activity or the timing of events to differ materially from those
expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include: difficulties and delays
in onboarding acquired or recruited assets; changes in general economic and financial market conditions, including retail investor sentiment; changes
in interest rates and fees payable by banks participating in the Company's client cash programs, including the Company's strategy and success in
managing client cash program fees; changes in the growth and profitability of the Company's fee-based offerings; fluctuations in the levels of advisory
and brokerage assets, including net new assets, and the related impact on revenues; effects of competition in the financial services industry and the
success of the Company in attracting and retaining financial advisors and enterprises; whether the retail investors served by newly-recruited advisors
choose to move their respective assets to new accounts at the Company; the effect of current, pending and future legislation, regulation and regulatory
actions, including disciplinary actions imposed by federal and state regulators and self-regulatory organizations; the costs of settling and remediating
issues related to regulatory matters or legal proceedings, including actual costs of reimbursing customers for losses in excess of our reserves; changes
made to the Company's services and pricing, and the effect that such changes may have on the Company's Gross Profit* streams and costs; the
execution of the Company's plans and its success in realizing the synergies, expense savings, service improvements and efficiencies expected to
result from its initiatives, acquisitions and programs; and the other factors set forth in the Company's most recent Annual Report on Form 10-K, as may
be amended or updated in the Company's Quarterly Reports on Form 10-Q or other filings with the Securities and Exchange Commission. Except as
required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring
after April 27, 2023 and you should not rely on statements contained herein as representing the Company's view as of any date subsequent to April 27,
2023.
THIS PRESENTATION INCLUDES DATA AS OF MARCH 31, 2023, UNLESS OTHERWISE INDICATED.
LPL Financial Member FINRA/SIPC
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