LPL Financial
LPL Financial is a leading firm in the retail financial advice space and one of the largest independent broker‑dealers in the United States. The firm supports independent financial advisors and financial institutions by providing technology, research, clearing and compliance services, and practice‑management programs designed to help advisors build and grow successful practices. Through its platform, LPL enables advisors to deliver personalized guidance to tens of millions of American families seeking wealth management, retirement planning, financial planning, and asset‑management solutions. The company offers comprehensive support for a wide range of financial professionals—from independent advisors and registered investment advisor (RIA) firms to large‑scale financial institutions. LPL Financial was founded in 1989 through the merger of two brokerage firms, Linsco (est. 1968) and Private Ledger (est. 1973), and has grown to manage hundreds of billions of client assets across its advisor network.
Associated People
2006 - present
2015 - present
2003 - present
2007 - 2014
ABOUT LPL FINANCIAL
LPL Financial is a leading provider of financial services, recognized as the largest independent broker‑dealer in the United States.
Founded in 1989 through the merger of two firms—Linsco (est. 1968) and Private Ledger (est. 1973)—LPL supports tens of thousands of financial professionals and manages over $1.9 trillion in brokerage and advisory client assets as of 2023.
With headquarters in San Diego, California, and additional major offices in Boston, Austin, and Fort Mill, LPL delivers a strong infrastructure to independent advisors, RIAs, and institutions across all 50 states.
SERVICES & FEATURES
Independent Broker‑Dealer Platform – LPL offers financial advisors and institutions a model that allows autonomy and independence, enabling them to personalize client relationships and business practices.
Technology & Infrastructure – The firm provides a robust technology stack, cybersecurity protections, trading and account‑opening platforms, and self‑clearing capabilities that streamline operations and reduce reliance on third‑party service providers.
Clearing, Compliance & Custody Services – LPL supports advisors with clearing and settlement operations, regulatory compliance oversight, custody of client assets, and operational back‑office functions, ensuring scalable and secure practice management.
Practice Management & Training Programs – The firm offers extensive practice consulting, business development programs, training modules, and advisor‑support services designed to help practices grow, scale, and navigate the evolving wealth‑management landscape.
Independent Research & Investment Solutions – LPL delivers objective market research, investment strategy tools, and access to a broad array of investment products (including wealth management solutions, retirement planning, and financial planning services) without the pressure of proprietary product‑selling.
Institution & RIA‑Custodian Services – Beyond independent advisors, LPL supports banks, credit unions, RIAs, and other institutions with customized platforms, advisory solutions, and institutional‑grade service models.