LPL Financial LLC

LPL Financial LLC

A subsidiary of LPL Financial Holdings Inc.

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4707 Executive Drive

San Diego, CA 92121-3091

(866) 794-0185

lpl.com

Clearing firm: Self-clearing, Other

No. advisers: 16,464

AUM: $764,409,615,795

Year founded: 1968

Year end: Dec. 31

For More Information

CEODan Arnold
Recruiting ContactRich Steinmeier
(866) 794-0185
Marketing ContactJeff Mochal
(704) 733-3589
E-mail

Recruitment & Staffing

2019 2018 2017
No. of reps16,46416,10915,210
No. of reps, male
No. of reps, female
No. of producing reps16,46416,10915,210
No. of producing reps, male
No. of producing reps, female
No. of reps producing $100K-$499K /year000
No. of reps producing $500K+ /year000
No. of CFPs3,6453,5610
No. of full-time employees4,3434,2293,736
No. of fee-based advisers served000
Average payout per rep, per year$184,629
Avg. annual production of top 20% reps000
Total payout, per year$2,669,598,923
Cost of E&O insurance per rep, per year3,650$3,650 3,650
Affiliation fees charged per rep, per year2,100$2,100 2,100
Affiliation fee coverageN/D N/D
$0-$249,999 $250K-$499,999 $500K-$749,999 $750K-$999,999 $1,000,000+
Mutual funds 90%-92% 90%-92% 90%-93% 90%-94% 90%-98%
Insurance 90%-92% 90%-92% 90%-93% 90%-94% 90%-94%
Variable annuities 90%-92% 90%-92% 90%-93% 90%-94% 90%-94%
Limited parterships 90%-92% 90%-92% 90%-93% 90%-94% 90%-94%
Securities 77%-79% 82%-84% 83%-86% 83%-87% 83%-91%
2019 2018 2017
Total revenues$5,624,856,000$5,188,400,000$4,281,481,086
Commission revenues$1,892,407,000$1,919,694,000$1,670,824,398
Securities revenues$205,572,592$207,391,065$183,216,449
Securities revenues: Stocks$79,446,268$84,822,194$79,179,777
Securities revenues: Bonds$126,126,324$122,568,870$104,036,672
Securities revenues: ETFs
Securities revenues: Other
Mutual fund revenues$589,411,293$616,445,365$534,639,060
Annuities revenues$1,000,807,051$999,690,150$853,963,322
Annuities revenues: Fixed$178,096,320$141,290,326
Annuities revenues: Variable$786,051,703$672,236,077
Annuities revenues: Other$35,542,127$40,436,920
Insurance revenue$71,224,162$71,352,050
Insurance revenues: Life
Insurance revenues: Disabilities
Insurance revenues: LTC
Insurance revenues: Other
Alternative revenues$24,015,963$27,111,958
Alternative revenues: Hedge funds
Alternative revenues: Managed futures
Alternative revenues: Private placements
Alternative revenues: REITs
Alternative revenues: Other$24,015,963$27,111,958
Other commission revenues$927,181$541,559
Fee revenues$3,148,848,000$2,766,008,000$1,409,247,637
Fee revenues: Rep-managed accounts0
Fee revenues: Firm-managed accounts
Fee revenues: Outside-managed accounts
Fee revenues: Other
Total revenues: Other$583,601,000$502,698,000$1,201,409,052
2019 2018 2017
Total account assets$764,409,615,795$628,066,885,559$615,135,061,884
Fee-based assets$365,765,472,815$282,035,669,207$272,997,026,488
Fee-based assets: Clearing firm
Fee-based assets: Advisory firm platforms
Fee-based assets: Third-party money managers
Fee-based assets: Other$272,997,026,488
Total account assets: Other$398,644,142,980$346,031,216,352$342,138,035,396
Average assets per rep$46,429,155$38,988,571$40,442,805
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.
Software Offered
Account aggregation software Albridge Wealth Reporting (Albridge, an affiliate of Pershing)
Built in house/Proprietary
Orion
Black Diamond
Morningstar Office
Compliance software NRS ComplianceMAX (National Regulatory Services)
Built in house/Proprietary
Other
CRM Redtail CRM (Redtail Technology)
Salesforce CRM (Salesforce.com)
Other
Document management Built in house/Proprietary
Other
Financial planning eMoney360 (eMoney Advisor)
Built in-house/Proprietary
Other
Portfolio management Albridge Wealth Reporting (Albridge, and affiliate of Pershing)
Black Diamond (Advent Software Inc.)
Morningstar Office (Morningstar Inc.)
Orion Solutions (Orion Advisor Services LLC)
Built in house/Proprietary
Other
Portfolio rebalancing FolioDynamix (FolioDynamix)
Other
Robo-advice
Offers robo-advisory platform?Y
If not, when plans to offer a robo-platform
Robo-advice services offered
How robo-platform developedBy a third-party developer
Charge for robo-advisory services?
    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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