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: 16,109

AUM: $628,066,885,559

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 ContactRich Steinmeier
(888) 250-2420
Marketing ContactJeff Mochal
704-733-3589
E-mail

Recruitment & Staffing

2018 2017 2016
No. of reps16,10915,21014,377
No. of producing reps16,10915,21014,377
No. of reps producing $100K-$499K /year007,021

Payout grid is available to Data Center subscribers only.

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2018 2017 2016
Total revenues$5,188,399,897$4,281,481,086$4,049,382,532
Commission revenues$1,919,693,887$1,670,824,398$1,737,435,159
Fee revenues$1,793,492,641$1,409,247,637$1,289,680,578
Total revenues: Other$1,475,213,369$1,201,409,052$1,022,266,794
2018 2017 2016
Total account assets$628,066,885,559$615,135,061,884$509,439,452,888
Fee-based assets$282,035,669,207$272,997,026,488$211,609,444,629
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 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.

How a preacher's son won 51 LGBT clients

June 17, 2019 - I was settling the estate of a longtime client when his son shared life-changing news. He was transitioning to a woman and planning gender reassignment surgery. I grew up in church — the son of a preacher — and was taught to love. It made sense to...

How a preacher's son won 51 LGBT clients

June 17, 2019 - I was settling the estate of a longtime client when his son shared life-changing news. He was transitioning to a woman and planning gender reassignment surgery. I grew up in church — the son of a preacher — and was taught to love. It made sense to...

Protecting client data is an ongoing obligation

June 1, 2019 - Redtail Technology's recent data leak is a reminder of the weighty responsibilities financial advisory firms face when it comes to cybersecurity. Redtail's customer relationship management system contained data about clients of advisory firms that use...

LPL cuts ticket charge for some ETFs on key RIA platforms

May 30, 2019 - LPL Financial said on Thursday it was making another move to attract assets by cutting transaction charges on exchange-traded funds on two key advisory platforms for advisers from $9.00 to $4.95. The new pricing will go into effect in the second half...

Team managing $100 million at Merrill Lynch goes indie with LPL

May 23, 2019 - A father-and-son team managing $100 million at Merrill Lynch in Lufkin, Texas, has formed Brookshire & Brookshire Wealth Management, an independent hybrid. The firm has affiliated with the broker-dealer unit of LPL Financial and is using its corporate...

LPL expanding platform to include employee brokers

May 22, 2019 - LPL Financial, which has grown into one of the largest brokerage firms in the country by hiring advisers who act as independent contractors, is creating a new model which would employ brokers working directly for the firm. In a presentation to investors...

    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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