- LPL Financial Holdings is the largest independent broker-dealer in the United States
LPL Financial Net worth 2024 (estimated)
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LPL Financial facts
- The company has more than 14,000 financial advisors, over $500 billion in advisory & brokerage assets, and generated approximately $4
- 3 billion in annual revenue for the 2015 fiscal year
- LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco (established in 1968) and Private Ledger (established in 1973)—and has since expanded its number of independent financial advisors both organically and through acquisitions
- LPL Financial has main offices in Boston, Charlotte, and San Diego
- Approximately 3,384 employees support financial advisors, financial institutions, and technology, custody, and clearing service subscribers with enabling technology, comprehensive clearing and compliance services, practice management programs and training, and independent research
- LPL Financial advisors help clients with a number of financial services, including equities, bonds, mutual funds, annuities, insurance, and fee-based programs
- LPL Financial does not develop its own investment products, enabling the firm’s investment professionals to offer financial advice free from broker/dealer-inspired conflicts of interest
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