LPL Financial LLC
A subsidiary of LPL Financial Holdings Inc.
75 State St.
Boston, MA 02109
Clearing firm: LPL Financial, Self-clearing, Other
No. advisers: 15,210
Year founded: 1968
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||15,210||14,377||14,054|
|No. of producing reps||15,210||14,377||14,054|
|No. of reps producing $100K-$499K /year||7,001||7,021||7,030|
|Total revenues: Other||$1,201,409,052||$1,022,266,794||$938,157,989|
|Total account assets||$615,135,061,884||$509,439,452,888||$475,145,891,555|
|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 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.|
October 18, 2018 - LPL Financial said on Thursday that a large, 14-person team in Cedar Rapids, Iowa, with $520 million in client assets recently left Cambridge Investment Research Inc. to join LPL. Premier Investments of Iowa is led by Jeff Johnston, president, and Brock...
October 16, 2018 - Raymond James has snagged a $285 million team from LPL Financial in Rochester, N.Y. The team, which operates as Legacy Financial Planning, includes financial advisers Tamar "Tammy" Mogilski and Brian Bedford. They have offices in Shelton, Conn., and Oswego,...
October 11, 2018 - Wednesday's market moves were enough to induce motion sickness, as the S&P 500 index fell 3.3%, the Dow down 832 points and the Nasdaq dropped more than 4.4%. But investment strategists note that this week's slide follows a very subdued third quarter....
October 11, 2018 - Another life insurance company is dumping its independent broker-dealer, with Allianz Life Insurance Co. of North America saying on Thursday it was leaving the retail broker-dealer and RIA businesses. Advisers with Allianz's Questar Capital Corp., the...
October 9, 2018 - LPL Financial said on Tuesday that it recently snagged a team of eight advisers based in Colorado with close to $275 million in brokerage and advisory assets from rival Securities America Inc., one of the broker-dealers in the Ladenburg Thalmann Financial...
October 8, 2018 - LPL Financial has selected Bryan Hodgens to head up its retirement plan adviser unit, marking the second time in a little over a year that the nation's largest independent broker-dealer has seen a shake-up in the executive ranks at LPL Retirement Partners....
October 3, 2018 - BMG Advisors, a Kansas City-based team, has joined LPL Financial from Waddell & Reed. BMG Advisors has served approximately $220 million in client assets. Formerly known as Buford-Malone Group, the team includes Jennifer Malone, Andrew Rogers, Adam Hawley...
- 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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