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.|
June 18, 2018 - LPL Financial has rolled out a new blockchain strategy separately managed account that LPL's advisers can offer their clients or use to build client portfolios. Blockchain is the driving force behind bitcoin and many other cryptocurrencies, but there...
June 14, 2018 - Flood Financial services, a hybrid firm managing $330 million in assets in South Burlington, Vt., has switched its broker-dealer and registered investment adviser platforms from Lincoln Financial Services to LPL Financial Services. Richard Flood, a partner...
June 13, 2018 - Secretary of the Commonwealth William F. Galvin announced Wednesday that his office had reached a settlement with LPL Financial that allow Massachusetts investors who were improperly sold securities by the firm over a 12-year period to get their money...
June 12, 2018 - LPL Financial is in talks to sell Worksite Financial Solutions, a platform that helps advisers service 401(k) rollovers, to Global Retirement Partners, the largest retirement-focused advisory firm in LPL's network. LPL, the largest independent broker-dealer...
June 4, 2018 - RFG Advisory, a hybrid firm based in Birmingham, Ala., whose RIA arm manages $915 million, has switched its broker-dealer affiliation from LPL Financial to Private Client Services. According to its website, the hybrid has $817 million in brokerage and...
June 2, 2018 - Even as the Labor Department'sâ€‹ fiduciary rule teeters on the edge of demise, its legacy will continue to profoundly influence how investment advice is delivered. The regulation's likely obituary will not be as heart-wrenching for its supporters as...
May 31, 2018 - Pinnacle Private Wealth, a hybrid firm managing more than $750 million in assets, has switched its broker-dealer and hybrid RIA custodial platforms from LPL Financial to Triad Advisors. Pinnacle makes its headquarters in Woburn, Mass., outside Boston,...
- 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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