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About LPL Financial

LPL Financial is one of the leading financial services companies and the largest independent broker/dealer in the nation*. For more than four decades, the firm has served as an enabling partner, supporting financial advisors in their goals of protecting and growing their clients’ wealth. A chief objective of LPL Financial is to reduce the complexity of running a financial services practice so advisors can focus on what they do best – help clients attain their financial goals and fulfill their dreams.

With headquarters on both coasts, LPL Financial supports advisors in helping their clients by offering a robust mix of services and tools such as:

  • Enabling technology
  • Comprehensive clearing and compliance services
  • Practice management programs and training
  • Independent research

LPL Financial understands that providing Americans with unbiased investment advice is critical to their financial security. Because the firm has no proprietary products to sell, LPL Financial advisors can provide truly unbiased, conflict-free advice and investment recommendations.

Thousands of advisors nationwide rely on LPL Financial to help meet their clients’ financial needs. They do so by using the firm’s tools and resources that help them discover client priorities, dreams, and passions; analyze and develop financial strategies that support every stage of their clients’ lives; and make recommendations that help and keep clients on the path to pursuing their goals.

For more information about LPL Financial, visit www.lpl.com.

* As reported in Financial Planning magazine 1996-2011, based on total revenues.

 

UnbiasedThe Investorside Research Association certifies its members have no investment banking conflicts. LPL Financial is a Certified Member of the Investorside Research Association.

In 2008, LPL Financial celebrates its fortieth year of helping financial advisors deliver quality investment advice. LPL Financial has risen to prominence driven by a commitment to independence, excellence, and four key tenets it believes are essential to achieving client financial goals:

  • Solid, unbiased advice
  • Meaningful, timely information and research
  • Easy access to value-added investments and services
  • Unparalleled client service

 

Key Information:

As of 3/31/2012

  • Advisory & Brokerage assets ($ billions) $354.1
  • Advisory assets ($ billions) $110.8
  • Net revenue ($ millions) $901.8
  • 2011 Annual net revenue ($ millions) $3,479.4
  • Financial advisors 12,962
  • Employees 2,720
  • Funded accounts (millions) 4.2
  • Institutional clearing & technology subscribers 4,465
  • Financial institution partners 679
  • Excess net capital, LPL Financial LLC ($ millions) $102.3
  • Industry ranking by number of advisors 4*

 

LPL History

Through the 1989 merger of two brokerage firms, Linsco (established in 1968) and Private Ledger (founded in 1973), the founders of LPL Financial sought to create a formidable alternative to Wall Street firms, one where financial advisors could build highly competitive businesses while always doing what was right for their clients. Today, LPL Financial is the largest independent broker/dealer in the country. Its success has been driven by a commitment to enable its financial advisor customers to reduce the complexity of running and managing a successful business.

In 2005, LPL Financial sold a 60 percent ownership stake to two private equity partners, Hellman & Friedman LLC and Texas Pacific Group. LPL Financial and its equity partners are strongly committed to maintaining the independence of the firm, with a shared vision of future success.

* Based on total revenues as reported by Financial Planning magazine, June 1996-2012

** The LPL Financial SIPC membership provides account protection up to a maximum of $500,000 per customer, of which $100,000 may be in cash. For an explanatory brochure visit www.sipc.org.. Additionally, through Lloyds of London, LPL Financial accounts have additional securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $750,000,000 subject to conditions and limitations. The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments. This extensive coverage reflects a strong commitment to servicing your investment needs.

Through the LPL Financial multi-bank Insured Cash Account Program, deposits are eligible up to $1 million of deposit insurance for individual accounts, and up to $2 million of deposit insurance for joint accounts through the FDIC. At each bank, your Insured Cash Account deposits are insured by the FDIC to a maximum amount of $100,000 (including principal and accrued interest) when aggregated with all other deposits held by you in the same recognized legal capacity (e.g., individual, joint, IRA, etc.) at the same bank. For example, if you have an individual brokerage account, you would be eligible for up to $100,000 of FDIC deposit insurance per bank. If you and your spouse have a joint account, your account would be eligible for up to $200,000 of FDIC deposit insurance per bank. If you have any questions about FDIC insurance coverage, visit www.fdic.gov.

Please see LPL Financial’s Capabilities Brochure for further information.