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: 15,210
Year founded: 1968
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||15,210||14,377||14,054|
|No. of producing reps||15,210||14,377||14,054|
|No. of reps producing $100K-$499K /year||7,001||7,021||7,030|
|Total revenues: Other||$1,201,409,052||$1,022,266,794||$938,157,989|
|Total account assets||$615,135,061,884||$509,439,452,888||$475,145,891,555|
|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 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.|
December 6, 2018 - LPL Financial has recruited a five advisers managing $225 million in client assets from PNC Investments. The advisers will align with Bedminster, N.J.-based Gladstone Advisors, and LPL's broker-dealer and corporate registered investment adviser platforms....
December 3, 2018 - LPL Financial has acquired AdvisoryWorld, a 31-year-old adviser technology firm, for $28 million in cash. AdvisoryWorld produces a suite of digital tools for investment analytics, portfolio construction and proposal generation. More than 30,000 advisers...
November 30, 2018 - I am angry and appalled by Ohio National Financial Services' announcement that it will terminate the trailing commissions on existing variable annuity contracts with guaranteed income benefits. Talk about changing the rules in the middle of the game!...
November 28, 2018 - LPL Financial has recruited a team managing $300 million from Cetera Advisor Networks, one of six independent broker-dealers under Cetera Financial Group. Founders Investment Services, an advisory unit of Founders Federal Credit Union in Lancaster, S.C.,...
November 27, 2018 - The world's largest asset manager is buying a piece of one of the largest adviser technology providers. BlackRock plans to invest $122.8 million to acquire a 4.9% equity stake in Envestnet in an effort to integrate BlackRock's technology, including a...
November 21, 2018 - This story has been updated to include additional information not available when originally published. The six broker-dealers in the Cetera Financial Group network have filed arbitration claims against Ohio National Life Insurance Co. and affiliates,...
November 20, 2018 - The Financial Industry Regulatory Authority Inc. barred a former LPL Financial broker Monday who controlled two customers' bank accounts, bypassed LPL's supervision by not disclosing she was named as power of attorney for a firm customer, and was named...
November 20, 2018 - Ohio National Financial Services Inc. laid off its chief distribution officer, H. Douglas Cooke, at the same time that president and chief operating officer Christopher Carlson has decided to retire, three months after being promoted. The executive changes...
- 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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