LPL Financial Holdings Inc
Company Overview
LPL Financial Holdings Inc. is one of the largest independent broker-dealers in the United States. The company provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial institutions. They offer technology, clearing and compliance services, practice management programs and training, and various other resources to support their network of financial advisors.
The company primarily generates revenue through commissions and fees from investment products and advisory services, as well as other transaction-based and asset-based fees.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $3.04b | $67.78m | $-67779000.0 | $67.78m | 2.23% | 100.00% |
| June 30, 2024 | $2.87b | $64.34m | $-64341000.0 | $64.34m | 2.24% | 100.00% |
| March 31, 2024 | $2.77b | $60.08m | $-60082000.0 | $60.08m | 2.17% | 100.00% |
Company Impact
Help us evaluate LPL Financial Holdings Inc's impact from a halal perspective. Vote on the most significant aspect and submit any considerations that we may have missed.