LPL Financial LLC

LPL Financial LLC

A subsidiary of LPL Financial Holdings Inc.


75 State St.

Boston, MA 02109

(888) 250-2420

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

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

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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
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 fired Mark Lamkin. Now he's fighting back

September 10, 2019 - LPL Financial fired Mark Lamkin last year. Now the Louisville, Ken.-based adviser is fighting for his professional life. After Mr. Lamkin faced allegations in August 2018 that he received loans from clients, failed to disclose outside business activity...

Hybrid firm managing $700 million at MML Investors switches to LPL

August 29, 2019 - A hybrid firm of six advisers managing $700 million has switched its broker-dealer and registered investment adviser affiliations to LPL Financial from MML Investors Services. [More:​ See more adviser moves in InvestmentNews' Advisers on the Move database.]...

Hybrid firm managing $225 million switches to LPL from Ameriprise

August 26, 2019 - Barry A. Rucks & Associates, a Philadelphia, Pa.-based hybrid managing $225 million, has switched its broker-dealer affiliation and registered investment adviser platform to LPL Financial from Ameriprise Financial Services. [More: See more adviser moves...

LPL expects its tech improvements to give advisers back an hour or more a day

August 20, 2019 - LPL Financial president and CEO Dan Arnold says time is one of the biggest challenges facing financial advisers today. More specifically, a lack of time. Advisers spend 40% of their time on average on administrative and office tasks rather than high priority...

Top clearing and custody firms for financial advisers

August 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 625 -4.40% Michael Row Chief relationship...

Long Island hybrid managing $160 million switches to LPL

August 15, 2019 - Blue Line Wealth Management, a Brentwood, N.Y.-based hybrid managing $160 million in assets, has switched broker-dealer and advisory affiliations, joining LPL Financial and leaving PlanMember Securities Corporation. [More:​ See more adviser moves in...

Six-adviser firm managing $240 million switches to LPL

August 14, 2019 - Highlander Financial Group, a six-adviser hybrid managing $240 million in Rockville, Md., has switched its broker-dealer and RIA affiliations to LPL Financial from MML Investors Services. (More:​ See more adviser moves in InvestmentNews' Advisers on...

  • 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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