Capital Services Group

LPL Financial Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023

Prudential supports ~2,600 financial advisors who collectively serve ~$50 billion** of brokerage and advisory assets.

Key Points: 
  • Prudential supports ~2,600 financial advisors who collectively serve ~$50 billion** of brokerage and advisory assets.
  • This compares with $232 million, or $2.86 per share, in the third quarter of 2022 and $286 million, or $3.65 per share, in the prior quarter.
  • "We delivered solid business and financial results in Q3," said Matt Audette, CFO.
  • The Company's Board of Directors declared a $0.30 per share dividend to be paid on November 27, 2023 to all stockholders of record as of November 9, 2023.

LPL Financial Announces Second Quarter 2023 Results  

Retrieved on: 
Thursday, July 27, 2023

Prior to large enterprises, recruited assets over the trailing twelve months were $55 billion, up approximately 4% from a year ago.

Key Points: 
  • Prior to large enterprises, recruited assets over the trailing twelve months were $55 billion, up approximately 4% from a year ago.
  • This compares with $161 million, or $1.97 per share, in the second quarter of 2022 and $339 million, or $4.24 per share, in the prior quarter.
  • “This focus lead to another quarter of solid recruiting, retention, and business growth.
  • The Company will hold a conference call to discuss its results at 5:00 p.m.

4M Expands Midwest Presence through Strategic Investment in Capital Services

Retrieved on: 
Tuesday, May 30, 2023

O2 Investment Partners ( www.o2investment.com ) is pleased to announce that through 4M Building Solutions (“4M”), it has made an investment in and partnered with Columbus, Ohio based Capital Services ( www.capitalservicesinc.com ) to grow its janitorial and cleaning services business in the central Ohio region.

Key Points: 
  • O2 Investment Partners ( www.o2investment.com ) is pleased to announce that through 4M Building Solutions (“4M”), it has made an investment in and partnered with Columbus, Ohio based Capital Services ( www.capitalservicesinc.com ) to grow its janitorial and cleaning services business in the central Ohio region.
  • Headquartered in Columbus, Ohio, Capital Services is a provider of a full range of cleaning services for healthcare, municipal, and other corporate and industrial facilities, along with niche construction cleanup, in central Ohio.
  • “We are extremely proud of the business and culture our family has built over the last 41 years at Capital Services” said Christine Mitchell, former co-owner at Capital Services.
  • We believe Capital is a very complementary addition to the 4M platform and we look forward to the collaboration between the Capital Services and 4M teams.”

LPL Financial Announces First Quarter 2023 Results

Retrieved on: 
Thursday, April 27, 2023

Debt Rating: S&P upgraded LPL to a rating of BBB- on April 5, 2023, establishing us as an investment grade credit with both of our rating agencies.

Key Points: 
  • Debt Rating: S&P upgraded LPL to a rating of BBB- on April 5, 2023, establishing us as an investment grade credit with both of our rating agencies.
  • *See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures.
  • **Estimates are based on prior business reported by BWIS, which has not been independently and fully verified by LPL Financial.
  • SAN DIEGO, April 27, 2023 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today announced results for its first quarter ended March 31, 2023, reporting net income of $339 million, or $4.24 per share.

LPL Financial Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Thursday, February 2, 2023

Accordingly, we plan to grow 2023 Core G&A* at a similar rate to 2022.

Key Points: 
  • Accordingly, we plan to grow 2023 Core G&A* at a similar rate to 2022.
  • Our 2023 Core G&A* outlook range is ~12% to ~15% year-over-year growth, or $1,335 million to $1,370 million
    SAN DIEGO, Feb. 02, 2023 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today announced results for its fourth quarter ended December 31, 2022, reporting net income of $319 million, or $3.95 per share.
  • This compares with $108 million, or $1.32 per share, in the fourth quarter of 2021 and $232 million, or $2.86 per share, in the prior quarter.
  • **Estimates are based on prior business reported by Commerce, which has not been independently and fully verified by LPL Financial.

Exabeam Names Mark Jensen to Board of Directors and Chair of the Audit Committee

Retrieved on: 
Wednesday, March 9, 2022

Exabeam , the leader in Next-gen SIEM and XDR, today announced the appointment of Mark Jensen to the Exabeam Board of Directors and Chair of the Audit Committee.

Key Points: 
  • Exabeam , the leader in Next-gen SIEM and XDR, today announced the appointment of Mark Jensen to the Exabeam Board of Directors and Chair of the Audit Committee.
  • Overall, he brings more than 40 years of public accounting experience to the Exabeam board.
  • He is also a member of the Board of Directors and Audit Committee Chair of Lattice Semiconductor Corporation (NASDAQ: LSCC).
  • Im delighted to join the Board of Directors of this exceptional and fast-growing cybersecurity company, said Jensen.

KBRA Releases Research – CMBS Loan Performance Trends: July 2021

Retrieved on: 
Friday, July 30, 2021

Kroll Bond Rating Agency (KBRA) releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the July 2021 servicer reporting period.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the July 2021 servicer reporting period.
  • This month, KBRA also analyzed the special servicing and modification activity of CMBS 2.0 loans outstanding at the start of the pandemic.
  • From April 2020 to June 2021, 1,383 (7.1%) loans transferred to special servicing, totaling $49.5 billion (11.1%).
  • Of these, 28.6% by loan count and 34.6% by balance have transferred back to the master servicer.

Fitch Upgrades Rushmore Loan Management’s Servicer Ratings

Retrieved on: 
Tuesday, February 23, 2021

Rushmore Loan Management Services (Rushmore or the Company) today announced that Fitch Ratings has upgraded the Companys US RMBS Servicer Ratings in three categories: U.S. primary prime servicer (RPS1- up from RPS2), U.S. primary prime subservicer (RPS1- up from RPS2), and U.S. special servicer (RSS1- up from RSS2), all with stable outlooks.

Key Points: 
  • Rushmore Loan Management Services (Rushmore or the Company) today announced that Fitch Ratings has upgraded the Companys US RMBS Servicer Ratings in three categories: U.S. primary prime servicer (RPS1- up from RPS2), U.S. primary prime subservicer (RPS1- up from RPS2), and U.S. special servicer (RSS1- up from RSS2), all with stable outlooks.
  • Additionally, Fitch noted that Rushmore promotes a continuous improvement culture across the business, investing in significant technology enhancements and operational improvements.
  • These upgraded ratings speak to the quality of our servicing platform and the strength of our processes, operations, and technology, said Rushmore Chief Executive Officer Terry L. Smith.
  • Rushmore Loan Management Services LLC is a residential mortgage servicer and originator with services that include special servicing and prime sub-servicing, correspondent lending, and property disposition.

BSI Financial Services Residential Mortgage Servicing Ratings Upgraded by Fitch Ratings

Retrieved on: 
Monday, January 20, 2020

IRVING, Texas, Jan. 20, 2020 /PRNewswire-PRWeb/ --Fitch Ratings has announced that it has upgraded BSI Financial Services' U.S. residential primary servicer rating for Prime Product to RPS3 and its U.S. residential special servicer rating to RSS3, citing the firm's experienced management team, risk control environment and integrated servicing technology.

Key Points: 
  • IRVING, Texas, Jan. 20, 2020 /PRNewswire-PRWeb/ --Fitch Ratings has announced that it has upgraded BSI Financial Services' U.S. residential primary servicer rating for Prime Product to RPS3 and its U.S. residential special servicer rating to RSS3, citing the firm's experienced management team, risk control environment and integrated servicing technology.
  • BSI has added several high-profile business leaders with experience in servicing, compliance, technology and sales to its management team.
  • In 2017 BSI initiated a Data Integrity Program that each day scores every loan in BSI Financial's servicing portfolio for data anomalies.
  • Led by a seasoned team of financial industry professionals, BSI Financial Services provides mortgage servicing and special servicing, loan quality control, REO and asset management services, and life-of-loan performance reporting using advanced data analytics tools.