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.

SECURE Act 'frozen' by Trump impeachment inquiry

November 6, 2019 - A retirement bill many financial advisers have been eyeing with interest is being held up by impeachment proceedings in Washington, as President Donald J. Trump confronts allegations he abused the power of his office in his dealings with Ukrainian officials....

Unexpected ripples in Schwab aftershock

November 4, 2019 - It was a tough week for discount brokers after Charles Schwab Corp. announced on Oct. 1 that it was eliminating commissions on trades of stocks, exchange-traded funds and options. By that Friday, the share prices of Schwab and TD Ameritrade Corp. had...

SEC bars former LPL broker who pleaded guilty to $4.9 million Ponzi

November 4, 2019 - The Securities and Exchange Commission Friday barred from the securities industry a former LPL Financial broker who operated a Ponzi scheme that preyed on elderly clients. The agency's action came after James T. Booth pleaded guilty Oct. 22 in a New York...

What zero commissions mean for B-Ds

November 2, 2019 - Discount broker Charles Schwab Corp., the biggest adviser custodian, has been shaking up the securities and financial advice industries for decades. Its move last month to eliminate commissions for most online trades is only the latest in the company's...

Advisor Group, Cetera Financial seen as potential buyers of Ladenburg Thalmann

November 1, 2019 - Advisor Group and Cetera Financial Group, along with a private-equity investor, are the likely buyers of Ladenburg Thalmann Financial Services Inc., according to several industry sources, with the value of the brokerage network and its 4,400 financial...

LPL, Raymond James led gains in adviser headcount last quarter

October 29, 2019 - Two large independent broker-dealers racked up strong recruiting gains in the third quarter, while all four wirehouses lost advisers on a net basis in the period. LPL Financial, the nation's largest IBD, had a net gain of 94 advisers, while Raymond James...

This week marks beginning of a seasonal rally

October 28, 2019 - As seasonal stock market trends go, there's nothing quite like the end of October when it comes to bullish outlooks. And this year could be better than most, according to market analysts. "Investors have been bidding up stocks because they believe the...

LPL Financial cut trade, advisory costs by $15 million in 2019

October 25, 2019 - As the financial advice industry settles into its battle over pricing, LPL Financial's CEO Dan Arnold said on Thursday that the independent broker-dealer in 2019 cut costs on transactions and advisory platforms by $15 million. LPL expects to deliver a...

Barred former LPL rep pleads guilty to $5 million fraud

October 23, 2019 - Former LPL Financial broker James T. Booth pleaded guilty to one count of securities fraud in connection with his years-long scheme to defraud his customers of nearly $5 million. [More:​ Finra bars broker accused of stealing $1 million from clients]...

Is the 401(k) adviser M&A market about to cool down?

October 23, 2019 - Is this the end of the beginning or the beginning of the end? The retirement plan adviser mergers and acquisitions market is on fire, with some deals reaching 12 to 14 times earnings before interest, taxes, depreciation and amortization, known as EBITDA....

    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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