LPL Financial LLC
A subsidiary of LPL Financial Holdings Inc.
4707 Executive Drive
San Diego, CA 92121-3091
Clearing firm: LPL Financial, Self-clearing, Other
No. advisers: 16,109
Year founded: 1968
Year end: Dec. 31
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|Recruiting Contact||Rich Steinmeier |
|Marketing Contact||Jeff Mochal|
Recruitment & Staffing
|No. of reps||16,109||15,210||14,377|
|No. of producing reps||16,109||15,210||14,377|
|No. of reps producing $100K-$499K /year||0||0||7,021|
|Total revenues: Other||$1,475,213,369||$1,201,409,052||$1,022,266,794|
|Total account assets||$628,066,885,559||$615,135,061,884||$509,439,452,888|
|Total account assets: Other||$346,031,216,352||$342,138,035,396||$297,830,008,259|
|Average assets per rep||$38,988,571||$40,442,805||$35,434,336|
|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.|
December 10, 2019 - HMC Partners, a Greensboro, N.C.-based hybrid managing $270 million, has changed its broker-dealer and registered investment adviser affiliations from LPL Financial to Cetera Advisor Networks. [More: See more adviser moves in InvestmentNews' Advisers...
December 9, 2019 - Recognizing the trend toward lower trading fees, Bank of America has made that final step in a steady migration to commission-free trades on its Merrill Edge Self-Directed platform. Less than two months after expanding free-trading access for certain...
December 5, 2019 - Fiserv is selling 60% of its investment services business, which builds technology for the wealth and asset management industry, to private-equity firm Motive Partners for $510 million. Founded in 1979 as Security APL, the investment services division...
December 5, 2019 - Wading into the pricing war over the cost of trades, LPL Financial said Thursday it is eliminating the $9 ticket charge for transactions on a handful of exchange-traded funds for certain advisory platforms available to its 16,000 advisers. Advisers can...
November 26, 2019 - Canal View Financial Advisors, a seven-professional team managing $350 million, has switched its broker-dealer and registered investment adviser affiliations to LPL Financial from Amerprise Financial. [More: See more adviser moves in InvestmentNews' Advisers...
- 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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