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: 15,210
Year founded: 1968
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||15,210||14,377||14,054|
|No. of producing reps||15,210||14,377||14,054|
|No. of reps producing $100K-$499K /year||7,001||7,021||7,030|
|Total revenues: Other||$1,201,409,052||$1,022,266,794||$938,157,989|
|Total account assets||$615,135,061,884||$509,439,452,888||$475,145,891,555|
|Total account assets: Other||$342,138,035,396||$297,830,008,259||$288,356,749,314|
|Average assets per rep||$40,442,805||$35,434,336||$33,808,588|
|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.|
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
July 30, 2018 - LPL Financial's Focus 2018 kicked off in Boston Monday with CEO Dan Arnold acknowledging some "missteps" in the firm's rollout of its new technology platform for advisers, ClientWorks. According to advisers attending the event, Mr. Arnold and his team...
July 27, 2018 - LPL Financial will not sell its Worksite Financial Solutions 401(k) platform, a decision that follows an expression of interest to buy the program by Global Retirement Partners, the largest retirement-focused advisory firm in LPL's network. LPL, the nation's...
July 27, 2018 - Two recent strategic decisions to boost assets advisers hold at LPL Financial appear to be paying off. First, in an attempt to drive more assets to the company's in-house, corporate advisory and managed-money platform, LPL almost a year ago announced...
July 26, 2018 - LPL Financial continues to deepen the bench of third-party technology available to its financial advisers this week. The nation's largest independent broker-dealer announced Thursday that SS&C Advent's Black Diamond Wealth Platform, a portfolio management...
July 26, 2018 - Focus Financial Partners' initial offering price of $33 was bid up by investors when the stock started trading Thursday afternoon. Despite the below-target offering price, the stock closed its first day of trading at $37.55, representing a 13.8% gain....
July 19, 2018 - Cetera Financial Group has no plans to give extra pay to its 8,000 brokers and financial adviser in the form of "stay bonuses" after the company said on Tuesday it had sold a majority stake to Genstar Capital, a private equity firm. Stay bonuses payments...
- 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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