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: Other

No. advisers: 14,054

AUM: $475,145,891,555

Year founded: 1968

Year end: Dec. 31

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  • 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

Recruitment & Staffing

2016 2015 2014
No. of reps14,18514,05414,036
No. of producing reps14,05414,036
No. of reps producing $100K-$499K /year7,0306,906

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2015 2014 2013
Total revenues$4,202,641,183$4,293,898,569$4,051,700,000
Commission revenues$1,920,822,108$2,065,525,109$2,023,900,000
Fee revenues$1,343,661,087$1,328,587,275$1,179,100,000
Total revenues: Other$938,157,989$899,786,185$848,700,000
2015 2014 2013
Total account assets$475,145,891,555$474,598,521,742$437,906,700,000
Fee-based assets$186,789,142,241$175,280,301,657$151,097,700,000
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 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.

2016 custodians and clearing firms ranking

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...

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...

LPL Financial is hiking the cost of E&O insurance per rep by $200 in 2014

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...

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...

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...

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...

    Notes
  • 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.

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