LPL Financial (LPLA, Financial) has announced the addition of James "Jim" Verdi to its brokerage, Registered Investment Advisor, and custodial platforms. Bringing approximately $350 million in advisory, brokerage, and retirement plan assets under management, Verdi transitions from Osaic to his new role at LPL Financial.
Verdi operates out of Smithtown, New York, where he established Synergy Wealth Strategies in 2008. The firm is named to reflect the concept of synergy, where the collective power of a team surpasses the individual efforts of its members. Under his leadership, Verdi and his team employ a comprehensive wealth management approach aimed at enhancing the financial confidence of their clients and their families.
His move to LPL Financial underscores a commitment to providing clients with a secure and reliable environment for managing their investments. This strategic move aligns with Verdi's mission to offer a stable foundation for investors seeking to achieve their financial objectives.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for LPL Financial Holdings Inc (LPLA, Financial) is $390.17 with a high estimate of $441.00 and a low estimate of $330.00. The average target implies an upside of 29.97% from the current price of $300.20. More detailed estimate data can be found on the LPL Financial Holdings Inc (LPLA) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, LPL Financial Holdings Inc's (LPLA, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for LPL Financial Holdings Inc (LPLA, Financial) in one year is $381.23, suggesting a upside of 26.99% from the current price of $300.2. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the LPL Financial Holdings Inc (LPLA) Summary page.
