Richard  Steinmeier net worth and biography

Richard Steinmeier Biography and Net Worth

Director of LPL Financial

Mr. Steinmeier has served as managing director and divisional president, business development of LPL Financial since August 2018. In this role, he has responsibility for recruiting new financial advisors and institutions to LPL Financial and to existing advisor practices, as well as exploring new markets and merger and acquisition opportunities.

Prior to joining LPL Financial, Mr. Steinmeier served as managing director, head of digital strategy and platforms for UBS Wealth Management Americas from September 2017 to August 2018 and as managing director, head of the Emerging Affluent Segment and Wealth Advice Center from August 2012 to September 2017. Prior to UBS, Mr. Steinmeier held a variety of leadership roles at Merrill Lynch, most recently as managing director of the Merrill Edge Advisory Center from February 2009 to August 2012. Prior to joining Merrill Lynch, he served as an engagement manager at McKinsey & Company from 2002 to 2006.

Mr. Steinmeier earned a B.S. in economics from the Wharton School at the University of Pennsylvania and an M.B.A. from Stanford University.

What is Richard Steinmeier's net worth?

The estimated net worth of Richard Steinmeier is at least $3.79 million as of September 13th, 2023. Mr. Steinmeier owns 16,914 shares of LPL Financial stock worth more than $3,790,597 as of December 9th. This net worth approximation does not reflect any other investments that Mr. Steinmeier may own. Additionally, Mr. Steinmeier receives an annual salary of $1,870,000.00 as Director at LPL Financial. Learn More about Richard Steinmeier's net worth.

How old is Richard Steinmeier?

Mr. Steinmeier is currently 49 years old. There are 6 older executives and no younger executives at LPL Financial. The oldest executive at LPL Financial is Ms. Sallie R. Larsen B.A., M.A., MD & Chief Human Capital Officer, who is 69 years old. Learn More on Richard Steinmeier's age.

What is Richard Steinmeier's salary?

As the Director of LPL Financial Holdings Inc., Mr. Steinmeier earns $1,870,000.00 per year. There are 2 executives that earn more than Mr. Steinmeier. The highest earning executive at LPL Financial is Mr. Dan Hogan Arnold Jr., B.S., CPA, M.B.A., President, CEO & Director, who commands a salary of $4,840,000.00 per year. Learn More on Richard Steinmeier's salary.

How do I contact Richard Steinmeier?

The corporate mailing address for Mr. Steinmeier and other LPL Financial executives is 4707 EXECUTIVE DRIVE, SAN DIEGO CA, 92121. LPL Financial can also be reached via phone at (800) 877-7210 and via email at [email protected]. Learn More on Richard Steinmeier's contact information.

Has Richard Steinmeier been buying or selling shares of LPL Financial?

Richard Steinmeier has not been actively trading shares of LPL Financial within the last three months. Most recently, Richard Steinmeier sold 10,300 shares of the business's stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $242.68, for a transaction totalling $2,499,604.00. Following the completion of the sale, the director now directly owns 16,914 shares of the company's stock, valued at $4,104,689.52. Learn More on Richard Steinmeier's trading history.

Who are LPL Financial's active insiders?

LPL Financial's insider roster includes Dan Arnold (CEO), Matthew Audette (CFO), Matthew Enyedi (Director), Edward Fandrey (Director), William Glavin, Jr. (Director), Aneri Jambusaria (Director), Sallie Larsen (Director), Michelle Oroschakoff (Director), Scott Seese (Director), Brent Simonich (CAO), Richard Steinmeier (Director), and George White (Director). Learn More on LPL Financial's active insiders.

Are insiders buying or selling shares of LPL Financial?

In the last twelve months, LPL Financial insiders bought shares 1 times. They purchased a total of 557 shares worth more than $100,388.11. In the last twelve months, insiders at the financial services provider sold shares 9 times. They sold a total of 107,541 shares worth more than $26,112,251.84. The most recent insider tranaction occured on November, 2nd when Director Aneri Jambusaria sold 1,930 shares worth more than $429,174.10. Insiders at LPL Financial own 1.3% of the company. Learn More about insider trades at LPL Financial.

Information on this page was last updated on 11/2/2023.

Richard Steinmeier Insider Trading History at LPL Financial

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
9/13/2023Sell10,300$242.68$2,499,604.0016,914View SEC Filing Icon  
8/4/2022Sell7,355$216.64$1,593,387.2024,078View SEC Filing Icon  
3/8/2021Sell1,406$136.67$192,158.02View SEC Filing Icon  
6/9/2020Sell5,418$86.02$466,056.3657,175View SEC Filing Icon  
See Full Table

Richard Steinmeier Buying and Selling Activity at LPL Financial

This chart shows Richard Steinmeier's buying and selling at LPL Financial by year and by quarter.

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LPL Financial Company Overview

LPL Financial logo
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market products; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
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Today's Range

Now: $224.11
Low: $216.07
High: $225.17

50 Day Range

MA: $225.46
Low: $216.21
High: $239.77

2 Week Range

Now: $224.11
Low: $179.00
High: $257.64


794,470 shs

Average Volume

642,465 shs

Market Capitalization

$16.95 billion

P/E Ratio


Dividend Yield