LPL Financial
LPL Financial is a leading provider of financial services, including brokerage and advisory services, investment solutions, and technology platforms, supporting over 21,000 financial advisors across the U.S.
Services
LPL Financial offers a range of financial services including brokerage and advisory services, access to a broad range of investment solutions, and innovative technology and cybersecurity platforms. Additionally, the company provides operational support and compliance oversight to financial advisors, ensuring they can focus on their clients. LPL Financial also offers consulting, educational conferences, and training opportunities for financial advisors.
Market Research and Analysis
LPL Financial provides objective market research from a diverse team of analysts, economists, and investment strategists. This research aids financial advisors in making informed decisions for their clients, leveraging insights from experienced professionals in the market.
Support for Financial Advisors
LPL Financial supports more than 21,000 financial advisors, including those at approximately 1,100 institution-based investment programs and around 500 registered investment advisor (RIA) firms nationwide. The company offers transition support for advisors moving their practice to LPL Financial and invests in financial technology and resources to support their growth. Advisors benefit from competitive payouts and pricing structures.
Business Models for Advisors
LPL Financial provides a variety of business models for financial advisors. These include an employee model and RIA custody offerings, allowing advisors flexibility in how they operate their business within the LPL Financial network.
Industry Recognition
LPL Financial is ranked as the number one independent broker-dealer in the U.S. based on total revenues. The firm is also recognized as one of the largest RIA custodians in the country, highlighting its significant presence and influence in the financial services industry.