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.|
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...
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:â€‹ See more adviser moves in InvestmentNews' Advisers on the Move database.]...
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...
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...
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 pershing.com 625 -4.40% Michael Row Chief relationship...
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:â€‹ See more adviser moves in...
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:â€‹ 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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