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• This article examines whether LPL Financial Holdings stock is starting to look attractive or still pricing in plenty of optimism, by exploring what the current share price might be implying about value.

• The stock last closed at US$288.49, with a mixed return profile: up 5.4% over the past week but down 11.2% over the past month, down 20.2% year to date, and down 25.6% over the last year, while still showing a 42.9% gain over three years and 112.5% over five years.

• Recent headlines around LPL Financial Holdings have focused on its role as a large US wealth management and brokerage platform and how it fits into the…