LPL Financial is a leader in the retail financial advice market and one of the nation's largest independent broker-dealers. The company 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. LPL offers comprehensive support for financial professionals across the spectrum of the industry — from independent financial advisors to financial institutions, from local advisor teams to large-scale RIA firms, from fully autonomous business owners to advisors employed by LPL. LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco (established in 1968) and Private Ledger (established in 1973).
LPL FINANCIAL IN NUMBERS
$1Trillion+ in brokerage and advisory client assets, serviced or custodied
19,000+ financial professionals serviced by LPL
800+ financial institutions partner with LPL
#466 rank on the Fortune 500 list in 2021
LPL AS AN INDUSTRY LEADER
#1 Independent Broker/Dealer in the U.S.
#3 RIA Custodian in the U.S.
#1 Provider of 3rd Party Investment Services to Banks and Credit Unions