LPL Financial LLC

LPL Financial LLC

A subsidiary of LPL Financial Holdings Inc.

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75 State St.

Boston, MA 02109

(888) 250-2420

lpl.com

Clearing firm: LPL Financial, Self-clearing, Other

No. advisers: 14,377

AUM: $509,439,452,888

Year founded: 1968

Year end: Dec. 31

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEODan Arnold
Recruiting ContactBill Morrissey
888 250 2420
E-mail
Marketing ContactJeff Mochal
704-733-3589
E-mail
Technology Operations ContactChris Terhune
980-321-1882
E-mail

Recruitment & Staffing

2016 2015 2014
No. of reps14,37714,05414,036
No. of producing reps14,37714,05414,036
No. of reps producing $100K-$499K /year7,0217,0306,906

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2016 2015 2014
Total revenues$3,977,425,599$4,202,641,183$4,293,898,569
Commission revenues$1,681,757,024$1,920,822,108$2,065,525,109
Fee revenues$1,285,308,855$1,343,661,087$1,328,587,275
Total revenues: Other$1,010,359,720$938,157,989$899,786,185
2016 2015 2014
Total account assets$509,439,452,888$475,145,891,555$474,598,521,742
Fee-based assets$211,609,444,629$186,789,142,241$175,280,301,657
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 mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationLPL 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.

Custodians ranked by number of RIA custody clients

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...

Clearing firms ranked by broker-dealers served

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) brokerage.info@pershing.com...

Schorsch shows he's a major player in the independent broker-dealer industry

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...

Largest independent broker-dealer holding companies

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...

Primerica B-D winning arbitrations on public pension plans

December 12, 2013 - Despite a costly $570,000 arbitration loss this month, PFS Investments Inc. this year has batted away a handful of similar arbitrations stemming from brokers' alleged mismanagement of public pension plans in Florida. PFS Investments and some of its representatives...

How William Galvin has galvanized the broker-dealer industry

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...

Two independents join LPL affiliate in the Nutmeg State

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...

Tweets from the top: Small RIAs rule social media

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...

Three biggies add $1B teams to ranks

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...

LPL adds firm with $1B in assets

October 3, 2013 - LPL Financial LLC has added a firm that manages about $1 billion in corporate-retirement-plan and private-client investment assets to its network, the nation's largest, according to a statement released Thursday by San Diego-based broker-dealer. VisionPoint...

    Notes
  • 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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