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.|
February 12, 2019 - LPL Financial expects to spend $135 million on technology in 2019, more than double the $60 million it spent four years ago, according to a presentation Tuesday at a Credit Suisse financial services conference in Miami. The company has recorded a compound...
February 6, 2019 - Financial advisers should accept the fact that technology is both a friend and a potential competitor, Ron Carson told the audience at TD Ameritrade's annual conference Wednesday in San Diego. "Look around the room. Are you viewing each other as competition?"...
February 5, 2019 - Seeking either to build on or create momentum with potential recruits, three large brokerage networks â€” Wells Fargo Advisors, LPL Financial and Cetera Financial Group â€” are beginning 2019 with substantial offers to lure brokers and financial advisers...
February 4, 2019 - Voya Financial Advisors Inc. on Friday told its brokers and financial advisers that a glitch on a biography webpage for its brokers put their Social Security numbers at risk of exposure. According to a memo, Voya Financial Advisors' information technology...
- 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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