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: 15,210

AUM: $615,135,061,884

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 ContactBill Morrissey
888 250 2420
E-mail
Marketing ContactJeff Mochal
704-733-3589
E-mail

Recruitment & Staffing

2017 2016 2015
No. of reps15,21014,37714,054
No. of producing reps15,21014,37714,054
No. of reps producing $100K-$499K /year7,0017,0217,030

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$4,281,481,086$4,049,382,532$4,202,641,183
Commission revenues$1,670,824,398$1,737,435,159$1,920,822,108
Fee revenues$1,409,247,637$1,289,680,578$1,343,661,087
Total revenues: Other$1,201,409,052$1,022,266,794$938,157,989
2017 2016 2015
Total account assets$615,135,061,884$509,439,452,888$475,145,891,555
Fee-based assets$272,997,026,488$211,609,444,629$186,789,142,241
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 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.

LPL reels in $520 million team from rival Cambridge

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...

Raymond James snags $285 million team from LPL in Rochester, N.Y.

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,...

Market forecasters dissect the sell-off

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....

Allianz dumps its IBD

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...

LPL reels in $275 million team from Securities America

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...

LPL Retirement Partners hires new chief

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....

LPL recruits $220 million Missouri team from Waddell & Reed

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...

    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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