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Asset Management

LPL Financial Holdings Executive Compensation (FY25)

LPLA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Richard Steinmeier
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 15, 2026
14 filings cited on this page
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294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on LPL Financial Holdings

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Richard Steinmeier: $4,717,883 → $14,574,496 (208.9% higher)
Say-on-pay support: 96.7% → 98.5% (1.8 points higher)
CEO pay ratio: 131:1 → 156:1 (19.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is LPL Financial Holdings' chief executive and what were they paid?
Richard Steinmeier was paid $14,574,496 in total compensation as Chief Executive Officer for fiscal 2025. Steinmeier's total moved 208.9% higher from the $4,717,883 reported for fiscal 2024.
What was LPL Financial Holdings' say-on-pay result?
The say-on-pay proposal drew 98.5% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in LPL Financial Holdings' peer group?
The disclosed peer group includes Ameriprise Financial, Inc., Bank of New York Mellon Corporation, Broadridge Financial Solutions, Inc., Fidelity National Information Services, Inc. and Franklin Resources, Inc., among others.
What is LPL Financial Holdings' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 156:1, against median employee compensation of $93,417.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dan H. Arnold
Former President and Chief Executive Officer
◇—◇—◇—◇◇
Kabir Sethi
Managing Director, Chief Product Officer
◇—◇—◇—◇◇
Edward Fandrey
Former Managing Director, Divisional President
Departed during or after this year
◇—◇———◇◇
Matthew Audette
Chief Financial Officer
◇—◇—◇—◇◇
Richard Steinmeier
President and Chief Executive Officer
◇—◇—◇—◇◇
Dayton Semerjian
Managing Director, Chief Customer Care Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dan H. Arnold
Former President and Chief Executive Officer
◇—◇—◇—◇◇
Richard Steinmeier
President and Chief Executive Officer
◇—◇—◇—◇◇
Matthew Audette
Chief Financial Officer
◇—◇—◇—◇◇
Greg Gates
Chief Technology Officer
◇—◇—◇—◇◇
Matthew Enyedi
Chief Growth Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dan H. Arnold
Former President and Chief Executive Officer
Departed during or after this year
◇—◇◇——◇◇
Richard Steinmeier
President and Chief Executive Officer
◇—◇—◇—◇◇
Matthew Audette
Chief Financial Officer
◇—◇—◇—◇◇
Greg Gates
Chief Technology Officer
◇—◇—◇—◇◇
Althea Brown
Chief Legal Officer and General Counsel
◇—◇—◇—◇◇
Matthew Enyedi
Chief Growth Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard Steinmeier
Chief Executive Officer
◇—◇—◇—◇◇
Matthew Audette
President and Chief Financial Officer
◇—◇—◇—◇◇
Greg Gates
Group Managing Director, Chief Technology and Information Officer
◇—◇—◇—◇◇
Matthew Enyedi
Group Managing Director, Chief Client Officer
◇—◇—◇—◇◇
Aneri Jambusaria
Group Managing Director, Chief Wealth Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Aneri JambusariaRSU◇——◇——◇
Aneri JambusariaPSU◇◇◇—◇—◇
Greg GatesPSU◇◇◇—◇—◇
Greg GatesRSU◇——◇——◇
Matthew AudetteRSU◇——◇——◇
Matthew AudettePSU◇◇◇—◇—◇
Matthew EnyediPSU◇◇◇—◇—◇
Matthew EnyediRSU◇——◇——◇
Richard SteinmeierRSU◇——◇——◇
Richard SteinmeierPSU◇◇◇—◇—◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Richard SteinmeierRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Matthew AudetteRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Greg GatesRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Matthew EnyediRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Matthew Audette
President and Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Richard Steinmeier
Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James S. Putnam
Board chair
◇◇————◇
H. Paulett Eberhart
◇◇————◇
Edward C. Bernard
◇◇————◇
Allison H. Mnookin
◇◇————◇
Corey E. Thomas
◇◇————◇
William F. Glavin Jr
◇◇————◇
Anne M. Mulcahy
◇◇————◇
Albert J. Ko
◇◇————◇
Richard P. Schifter
◇◇————◇
Richard Steinmeier served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ameriprise Financial, Inc. AMP
  • Bank of New York Mellon Corporation BNY
  • Broadridge Financial Solutions, Inc. BR
  • Fidelity National Information Services, Inc. FIS
  • Franklin Resources, Inc. BEN
  • Interactive Brokers Group, Inc. IBKR
  • Invesco Ltd. IVZ
  • Nasdaq, Inc. NDAQ
  • Northern Trust Corp. NTRS
  • Raymond James Financial, Inc. RJF
  • SS&C Technologies Holdings, Inc. SSNC
  • State Street Corporation STT
  • Stifel Financial Corp. SF
  • T. Rowe Price Group, Inc. TROW
  • The Charles Schwab Corporation SCHW

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 18, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 6, 2020=◇◇◇
2018May 8, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 17, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Richard Steinmeier (Chief Executive Officer), FY2025 total compensation $14,574,496 (base salary $900,000) [exec_comp, SEC accession 0001193125-26-140066, filed 2026-04-02]

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What this page does not include

Everything above is a fact LPL Financial Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where LPL Financial Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints.
284 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001628280-26-035566
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-140066
    Board of Directors Compensation · CEO Pay Ratio · Compensation Discussion and Analysis · Grants of Plan-Based Awards
  3. 0001397911-25-000066
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-062585
    Summary Compensation Table
  5. 0001397911-24-000057
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-080802
    Summary Compensation Table
  7. 0001397911-23-000079
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-085635
  9. 0001397911-22-000074
  10. 0001193125-21-151891
  11. 0001397911-20-000102
  12. 0001397911-19-000091
  13. 0001397911-18-000110
  14. 0001397911-17-000118
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “LPL Financial Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LPLA (accessed 2026).
Short form: data: Velarion

The paid brief for LPL Financial Holdings

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers LPL Financial Holdings discloses

The companies named in LPLA's own disclosed peer group.

Ameriprise Financial, Inc.Bank of New York Mellon CorporationBroadridge Financial Solutions, Inc.Fidelity National Information Services, Inc.Franklin Resources, Inc.Interactive Brokers Group, Inc.Invesco Ltd.Nasdaq, Inc.Northern Trust Corp.Raymond James Financial, Inc.SS&C Technologies Holdings, Inc.State Street CorporationStifel Financial Corp.T. Rowe Price Group, Inc.The Charles Schwab Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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