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.|
July 16, 2019 - After almost three years of bleeding brokers, Wells Fargo Advisors appears to have stanched the flow of advisers leaving the firm. Its parent bank, Wells Fargo & Co. has struggled with myriad problems and scandals since September 2016, resulting in a...
July 12, 2019 - LPL Financial has just concluded a pilot program with record keeper Nationwide to train LPL financial advisers in banks and credit unions to do retirement plan business, with the hope of ultimately capturing more small-market 401(k) clients. Nationwide...
July 11, 2019 - Insurance brokerage Hub International is in talks to buy Global Retirement Partners, the largest retirement-focused branch of LPL Financial with $40.1 billion in assets, according to two sources with knowledge of the discussions. GRP, a registered investment...
July 3, 2019 - The Securities and Exchange Commission on Monday charged former LPL Financial broker Kerry L. Hoffman with fraudulently selling $3.3 million of unregistered securities with the help of a childhood friend who had previously been convicted of stealing money...
July 2, 2019 - Finra has barred a former LPL Financial broker for taking at least $1 million from clients for his personal use. The broker, James Thomas Booth, took the funds from several customers over a five-year period through May 2019, according to a Finra letter...
July 1, 2019 - A broker of LPL Financial Inc. has won an important round of legal sparring with Ohio National Life Insurance Co., with a judge ruling that the broker's class-action lawsuit over variable annuity trail commissions should move forward. U.S. magistrate...
June 25, 2019 - At a time when broker-dealers are increasingly trying to come up with business models for advisers who want to act as registered investment advisers, recent moves by LPL Financial left some wondering if the firm was taking a step back in time. LPL Financial,...
June 17, 2019 - I was settling the estate of a longtime client when his son shared life-changing news. He was transitioning to a woman and planning gender reassignment surgery. I grew up in church â€” the son of a preacher â€” and was taught to love. It made sense to...
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.