LPL Financial
LPL Financial is a leader in the retail financial advice market and one of the nation's largest independent broker-dealers. The firm serves independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables clients to provide personalized guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. The firm offers comprehensive support for financial professionals across the spectrum of the industry—from independent financial advisors to financial institutions to large-scale RIA firms. LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco (established in 1968) and Private Ledger (established in 1973).
LPL IN NUMBERS
$1+ Trillion brokerage and advisory client assets, serviced or custodied
$7+ Million client accounts serviced
#1 Independent Broker/Dealer in the United States
#1 Market Share Among 3rd Party Providers
#3 RIA Custodian in the United States
Numbers as of Aug. 2, 2022
LPL SERVICES
LPL provides financial advisors with tools and resources to offer personalized investment management and planning services to their clients.
Brokerage Services.
They offer a range of brokerage services, including trading and investment account management. This allows clients to buy and sell securities such as stocks, bonds, and mutual funds.
Advisory Services.
They support financial advisors in delivering investment advisory services. This includes fee-based advisory services, where advisors are compensated through fees rather than commissions.
Retirement Solutions.
They offer retirement planning services, including individual retirement accounts (IRAs), 401(k) plans, and other retirement investment options.
LPL provides access to various insurance products, including life insurance and annuities, through their network of financial advisors.
Advisors using LPL’s platform can offer comprehensive financial planning services, including budgeting, debt management, and investment planning.
KEY FEATURES
Integrated Technology.
LPL's integrated, web-based technology platform allows customers to manage critical aspects of their business while remaining highly efficient and responsive to their clients’ needs.
Independent Research.
Their research team provides objective research on mutual funds, separate accounts, annuities, alternative investments, equities, fixed-income securities, and more.
Practice Management Programs and Training.
LPL constantly seeks ways to help customers increase their service to their clients, helping them build and manage their business and client relationships.
Comprehensive Clearing and Compliance Services.
LPL custodies and clears the majority of our customers’ transactions, providing an enhanced customer experience and expedited processing capabilities.