v3.25.2
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The Company accounted for the acquisition under the acquisition method of accounting for business combinations. The following table summarizes the total consideration for the transaction at the acquisition date (dollars in thousands):
Total ConsiderationOctober 1, 2024
Cash$853,429 
Fair value of contingent consideration19,545 
Total consideration$872,974 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the Company's provisional purchase price allocation at the acquisition date (dollars in thousands):

Provisional Purchase Price Allocation
October 1, 2024
Fair value of consideration transferred
$872,974 
Assets
Cash and equivalents$76,259 
Restricted cash15,866
Receivables from brokers, dealers and clearing organizations13,734
Other receivables37,163
Other intangibles620,100
Other assets25,273
Total identifiable assets acquired$788,395 
Liabilities
Accrued advisory and commission expenses payable
32,756
Accounts payable and accrued liabilities54,500
Deferred tax liabilities
112,320
Other liabilities17,649
Total liabilities assumed$217,225 
Net assets acquired
571,170 
Goodwill$301,804 
Business Acquisition, Pro Forma Information
The following table presents unaudited pro forma results as if the acquisition of Atria had occurred on January 1, 2024 (dollars in thousands):
Three Months Ended June 30,Six Months Ended June 30,
LPL Financial and Atria Pro Forma Combined Financial Information (unaudited)20242024
Total revenue$3,137,194 $6,175,212 
Net income$219,703 $484,089