LPL Financial discussed Q2 2026 results on a July 30 earnings call with CEO Richard Steinmeier and President/CFO Matthew Audette.
Client assets reached $2.6 trillion, up 10% from Q1; organic net new assets were $23 billion, a 4% annualized growth rate.
Adjusted EPS was a record $5.84; adjusted pretax margin was about 39.3%.
Management kept its plan to onboard Commonwealth Financial Network advisors in Q4; asset retention stood in the mid-80s, targeting 90%.
Audette cut the full-year core G&A outlook to $2.14 billion-$2.17 billion; Q2 share repurchases rose to $309 million, with a new $2.5 billion authorization.
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