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 and outlook, including forecasts and statements relating to the Company's future advisory and brokerage asset levels and
mix, organic asset growth, deposit betas, core G&A expenses (including outlook for 2022), promotional, share-based compensation and depreciation and
amortization expenses, Gross Profit* benefits, EBITDA* benefits, target leverage ratio, client cash balances and yields, service and fee revenue, transaction
revenue, investments, capital returns, planned share repurchases, and the amount and timing of the onboarding of brokerage and advisory assets from
People's United Bank ("People's"), Boenning & Scattergood and CUNA Mutual Group ("CUNA"), 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
October 27, 2022 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 the expressed or
implied expectations of the forward-looking statements. Important factors that could cause or contribute to such differences include: difficulties and delays in
onboarding the assets of People's, Boenning & Scattergood or CUNA advisors; disruptions in the businesses of the Company, People's, Boenning &
Scattergood or CUNA that could make it more difficult to maintain relationships with their respective advisors and their clients; the choice by clients of People's,
Boenning & Scattergood or CUNA advisors not to open brokerage and/or advisory accounts at the Company; 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 institutions; 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 results from
its initiatives, acquisitions and programs; the effect of the COVID-19 pandemic, including efforts to contain it; 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 October 27, 2022 and you should not rely on statements contained herein as representing the Company's view as of any date
subsequent to October 27, 2022.
THIS PRESENTATION INCLUDES DATA AS OF SEPTEMBER 30, 2022, UNLESS OTHERWISE INDICATED.
L
LPL Financial Member FINRA/SIPC
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