LPL Financial LLC
A subsidiary of LPL Financial Holdings Inc.
75 State St.
Boston, MA 02109
Clearing firm: LPL Financial, Self-clearing, Other
No. advisers: 14,253
Year founded: 1968
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||14,253||14,377||14,054|
|No. of producing reps||—||14,377||14,054|
|No. of reps producing $100K-$499K /year||—||7,021||7,030|
|Total revenues: Other||$1,010,359,720||$938,157,989||$899,786,185|
|Total account assets||$509,439,452,888||$475,145,891,555||$474,598,521,742|
|Total account assets: Other||$297,830,008,259||$288,356,749,314||$298,835,418,710|
|Average assets per rep||$35,434,336||$33,808,588||$33,812,947|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||LPL Financial Mobile, exclusively for LPL Financial advisors, is a fast, secure service that allows our advisers to stay connected to their clients and monitor accounts from their mobile device.|
February 16, 2018 - Ameriprise Financial Inc. is exploring the idea of getting back into the banking business, which could boost the firm's profitability. The brokerage and insurance giant had its own bank prior to the credit crisis but wound down that operation in 2012...
February 13, 2018 - Regional banks are now looking at offering robo-advice to expand their presence in the financial advice market. Webster Bank, a $26.4 billion financial institution with branches in Connecticut, Rhode Island, Massachusetts and New York, announced that...
February 9, 2018 - The Financial Industry Regulatory Authority Inc. has censured LPL Financial and fined it $375,000 for having inadequate procedures in place to fully disclose all material risks and features of brokered certificates of deposit that it sold to customers....
February 8, 2018 - The more broker-dealers LPL Financial buys, the better it is, not only for LPL itself, but also for the rest of the independent broker-dealer industry. An acquisition means disruption, and that turns into lots of advisers looking to move to the firm that...
February 5, 2018 - Neil Bailey, who managed $186 million in assets while a rep at LPL Financial in Cincinnati, has joined the employee channel of Ameriprise. Joining as well are his team: adviser Molly Grimm and two client service associates. Mr. Bailey began his securities...
February 1, 2018 - LPL Financial Holdings Inc. reported Thursday that it was on track to hit its target of bringing over 70% of the revenue of National Planning Holdings, a company it acquired last year. In its fourth-quarter earnings report, LPL did not report how much...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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