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LPL Financial Holdings, Inc. (LPLA)
Q2 2012 Earnings Conference Call
July 31, 2012, 08:00 a.m. ET
Trap Kloman - SVP, IR
Mark Casady - Chairman and CEO
Robert Moore - COO
Dan Arnold - CFO
Chris Harris - Wells Fargo Securities
[Alex Williston] - Goldman Sachs
Ken Worthington - JP Morgan
Thomas Allen - Morgan Stanley
Devin Ryan - Sandler O’Neill
Steve Fullerton - Citigroup
Joel Jeffrey - KBW
Alex Kramm - UBS
Chris Shutler - William Blair
Ed Ditmire - Macquarie Research
Good day, ladies and gentlemen and welcome to the LPL Financial Holdings Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference call is being recorded.
I’d now like to turn the conference over to Trap Kloman, Senior Vice President of Investor Relations. Sir, you may begin.
Thank you. Good morning and welcome to the LPL Financial second quarter earnings conference call. On the call today is Mark Casady, our Chairman and Chief Executive Officer, who will provide his perspective on our performance during the quarter. Following his remarks, Robert Moore, our Chief Operating Officer, will highlight drivers of our financial results. And lastly Dan Arnold, our Chief Financial Officer will speak to our capital deployment. We will then open the call for questions.