LPL Financial LLC
A subsidiary of LPL Financial Holdings Inc.
75 State St.
Boston, MA 02109
Clearing firm: Other
No. advisers: 14,054
Year founded: 1968
Year end: Dec. 31
For More Information
|Recruiting Contact||Bill Morrissey|
888 250 2420
Recruitment & Staffing
|No. of reps||14,185||14,054||14,036|
|No. of producing reps||—||14,054||14,036|
|No. of reps producing $100K-$499K /year||—||7,030||6,906|
|Total revenues: Other||$938,157,989||$899,786,185||$848,700,000|
|Total account assets||$475,145,891,555||$474,598,521,742||$437,906,700,000|
|Total account assets: Other||$288,356,749,314||$298,835,418,710||$286,809,000,000|
|Average assets per rep||$33,808,588||$33,812,947||$32,027,112|
|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 11, 2016 - Clearing Firms listed by number of broker-dealer clients Firm Website # of clients % change vs. 2015 Contact Phone Email Pershing LLC www.pershing.com/who-we-serve/broker-dealers 743 -3.80% Michael Row (800) 445-4467 pershing.com/contact/ RBC Correspondent...
August 13, 2014 - Firm Address City, State Zip Phone Website Head of RIA custody business 2014 # of clients % change vs. 2013 2014 assets under custody % change Minimum assets of advisers Schwab Advisor Services 211 Main St. San Francisco, CA 94105 (877) 687-4085 www.advisorservices.schwab.com...
August 13, 2014 - Firm Address City, State Zip Phone Website # of clients % change Primary contact for B-Ds Phone/ e-mail Pershing LLC 1 Pershing Plaza Jersey City, NJ 07399 (201) 413-2000 pershing.com 811 -3.3% Michael B. Row (Managing director) email@example.com...
January 18, 2014 - Nicholas Schorsch, who over the past five years grew to dominate the once-clubby and fraternal nontraded real estate investment trust business, this week put the independent broker-dealer industry on notice that he is a force to be reckoned with in that...
January 17, 2014 - Holding company IBD subsidiary 2013 2012 % change LPL Financial Holdings Inc. LPL Financial LLC 13,553 13,155 3.0% Ameriprise Financial Ameriprise Financial Services Inc. 7,526 7,449 1.0% Cetera Financial Group Cetera Advisor Networks, Cetera Financial...
November 6, 2013 - Rounding out a series of fee increase announcements, LPL Financial LLC has informed its registered representatives and financial advisers that it is increasing the cost of errors and omissions insurance per rep next year by $200, for an annual charge...
October 20, 2013 - William Galvin is a securities regulator for only one state, but you would never know it by the volume of the fines he imposes on the brokerage industry. Indeed, when it comes to inflicting monetary pain on broker-dealers, the Massachsuetts Securities...
October 10, 2013 - Two independent advisers managing nearly $800 million in assets have joined an LPL Financial LLC affiliate in Connecticut, according to an executive at the firm. Check out LPL's other recent adviser additions. Romaine A. Macomb and Theresa V. Donatelli...
October 6, 2013 - Last week was a busy one for broker-dealer moves. Wells Fargo Advisors LLC, Bank of America Merrill Lynch and LPL Financial LLC each announced adding teams that managed $1 billion in client assets. Wells Fargo Advisors LLC last month landed The Alpert...
October 6, 2013 - A look at the landscape for adviser social media makes it clear that the active early adopters have disproportionately come from the independent (and usually small-firm) RIA environment, and not the broker-dealer community. Although some have suggested...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2015 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.