LPLA

• Net income was $379 million, diluted EPS $4.74, up 39% from a year ago; adjusted EPS $5.84, up 29% YoY.
• Total organic net new assets were $23 billion (4% annualized growth); recruited assets $25 billion, up 35% YoY.
• Closed Mariner Advisor Network acquisition; Commonwealth conversion on track for Q4 2026 with run-rate EBITDA estimate raised to $435 million.
• 2026 Core G&A outlook lowered to $2,140-2,165 million; Board approved $2.5 billion increase to share repurchase authorization.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Stockholders elected all 11 director nominees, each receiving over 69 million votes for, with broker non-votes of 3,118,380 on each election.
• Stockholders ratified Deloitte & Touche LLP as independent auditor for fiscal year 2026 (74,181,254 for, 2,709,657 against).
• Advisory say-on-pay proposal passed with 72,623,489 votes for, 1,117,499 against, and 3,118,380 broker non-votes.
• Stockholders approved charter amendments to remove supermajority voting requirements, add officer exculpation, and remove the corporate opportunities provision.

5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• Net income was $356 million, diluted EPS $4.43, up 4% from a year ago; adjusted EPS $5.60, up 9% YoY.
• Total organic net new assets were $21 billion (4% annualized growth); recruited assets $17 billion, down 55% YoY.
• Commonwealth conversion on track for Q4 2026; estimated run-rate EBITDA lowered from $425M to $410M.
• 2026 Core G&A outlook range lowered by $20M to $2,155-2,190 million; ~$125M share repurchases planned in Q2.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q4 2025 net income was $301 million, diluted EPS $3.74, up 4% from Q4 2024.
• Total advisory and brokerage assets reached $2.4 trillion, up 36% year-over-year.
• Full year 2025 net income was $863 million, diluted EPS $10.92, down 22% from 2024.
• 2026 Core G&A outlook range is $1,775-1,820 million prior to Commonwealth, or $2,155-2,210 million including Commonwealth.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Somesh Khanna was elected to the LPL Financial Holdings Inc. board of directors on January 5, 2026, effective immediately.
• He will receive a pro-rated annual service retainer under the company's non-employee director compensation policy, with cash and restricted shares awarded on February 1, 2026; restricted shares vest fully on May 13, 2026.
• Khanna is a senior advisor at McKinsey & Company and executive co-chair of Apexon, with prior roles including co-leading McKinsey's global banking and securities practice.
• A press release dated January 8, 2026 was furnished as Exhibit 99.1.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Adjusted EPS increased 25% year-over-year to $5.20; gross profit rose 31% to $1,479 million and adjusted pre-tax income rose 35% to $569 million.
• Total advisory and brokerage assets grew 45% year-over-year to $2.3 trillion; advisory assets reached $1.3 trillion, 58.2% of total assets.
• Total net new assets were $308 billion, including $275 billion from the Commonwealth acquisition; organic net new assets were $33 billion (7% annualized growth).
• Company lowered 2025 Core G&A outlook to $1,860-1,880 million, including $165-170 million for Prudential/Atria and $160-165 million for Commonwealth.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Commonwealth supports approximately 3,000 advisors managing $305 billion in assets, based on data provided to LPL as of June 30, 2025.
• Commonwealth CEO Wayne Bloom joins LPL's management committee as a managing director and retains his role as CEO of Commonwealth.
• Commonwealth will operate as a wholly-owned portfolio company until its advisors are onboarded to LPL's platform, expected to be completed in the fourth quarter of 2026.
• The acquisition was originally announced on March 31, 2025; LPL remains on track to achieve its 90% advisor retention target.

7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Net income was $273 million, or $3.40 diluted EPS, up 5% from $244 million, or $3.23, a year ago.
• Total advisory and brokerage assets grew 28% year-over-year to $1.9 trillion; organic net new assets were $21 billion (5% annualized).
• Company expects to close Commonwealth acquisition on August 1, 2025 and onboard First Horizon in Q3 2025.
• 2025 Core G&A outlook lowered to $1,880-1,920 million, including Commonwealth-related costs.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits