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: 16,109
Year founded: 1968
Year end: Dec. 31
For More Information
|Recruiting Contact||Rich Steinmeier |
|Marketing Contact||Jeff Mochal|
Recruitment & Staffing
|No. of reps||16,109||15,210||14,377|
|No. of producing reps||16,109||15,210||14,377|
|No. of reps producing $100K-$499K /year||0||0||7,021|
|Total revenues: Other||$1,475,213,369||$1,201,409,052||$1,022,266,794|
|Total account assets||$628,066,885,559||$615,135,061,884||$509,439,452,888|
|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 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.|
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....
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...
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...
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...
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...
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...
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...
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...
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:â€‹ Finra bars broker accused of stealing $1 million from clients]...
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....
- 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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