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: 15,210

AUM: $615,135,061,884

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

Recruitment & Staffing

2017 2016 2015
No. of reps15,21014,37714,054
No. of producing reps15,21014,37714,054
No. of reps producing $100K-$499K /year7,0017,0217,030

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$4,281,481,086$4,049,382,532$4,202,641,183
Commission revenues$1,670,824,398$1,737,435,159$1,920,822,108
Fee revenues$1,409,247,637$1,289,680,578$1,343,661,087
Total revenues: Other$1,201,409,052$1,022,266,794$938,157,989
2017 2016 2015
Total account assets$615,135,061,884$509,439,452,888$475,145,891,555
Fee-based assets$272,997,026,488$211,609,444,629$186,789,142,241
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 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.

LPL rolls out blockchain separately managed account

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...

Vermont hybrid managing $330 million moves from Lincoln to LPL

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...

Galvin announces settlement with LPL allowing investors to get their money back

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...

LPL in talks to sell 401(k) rollover platform to Global Retirement Partners

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...

LPL loses broker-dealer business of $915 million hybrid to Private Client Services

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...

The legacy of the DOL fiduciary rule: Almost gone, but never forgotten

June 2, 2018 - Even as the Labor Department's​ 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...

LPL loses hybrid group managing $750 million to Triad

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,...

    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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