LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC. LPL Financial joined the Fortune 500 list at number 466 in 2021.
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LPL Financial.
| Type | Public |
|---|---|
| Founded | 1989 |
| Headquarters | San Diego, California, United States |
Correspondingly, Is my money safe with LPL Financial? SIPC Coverage
LPL Financial has the highest annual revenues* of any independent broker/dealer and is a member firm of the Securities Investor Protection Corporation (SIPC). This SIPC membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash.
How many people work at LPL Financial? As of December 31, 2021
| Total advisory & brokerage assets ($ billions) | $1,206 |
|---|---|
| Gross profit* ($ billions) | $2.5 |
| EBITDA* ($ billions) | $0.9 |
| Financial professionals | 19,876 |
| Employees | 5,919 |
Furthermore, Is LPL Financial a real company?
LPL is a financial brokerage firm with offices in California, Massachusetts, and South Carolina. It is a huge company. Their network includes over 14,000 financial advisors and roughly 700 financial institutions.
What does the LPL in LPL Financial stand for?
THE HISTORY OF LPL FINANCIAL
Formed in 1989 through the merger of two small brokerage firms, Linsco and Private Ledger, LPL was designed as an alternative to traditional Wall Street firms.
Is LPL Financial a legitimate company? LPL Financial is one of the largest financial services companies in the United States. LPL Financial has more than $500 billion in assets under its management and has around 14,000 financial advisors. Based in Boston, Massachusetts, LPL Financial is licensed to operate in all 50 states and in several U.S. territories.
Is LPL Financial FDIC insured? LPL Financial’s Insured Cash Account program allows for all of your available cash balance to be FDIC insured up to $1.5 million for individual accounts and up to $3 million for joint accounts. Description 1. Convenience of a Cash Sweep 2. Benefits of the Insured Cash Account Program 3.
Is LPL Financial a good company to work for? LPL is a great place to work, especially if it’s your first job out of college. Unfortunately, it’s medium-to-large company with thousands of employees, which means you will be questioning management decisions regularly. However, most managers and employees who work there are lovely and the life balance is good.
Who are LPL Financial’s competitors?
LPL Financial’s top competitors include Upstox, Southside Bancshares, SVB Financial Group and OSTC. LPL Financial is a broker-dealer, a custodian for registered investment advisors, and an independent consultant to retirement plans.
Is LPL better than Edward Jones? Employee Ratings
Edward Jones scored higher in 8 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Work-life balance, Senior Management, Culture & Values, % Recommend to a friend and Positive Business Outlook. LPL Financial scored higher in 1 area: CEO Approval.
Is LPL Financial a fiduciary company?
As an investment advisor, LPL has a fiduciary responsibility to its advisory clients and, as such, is obligated to act in the best interests of clients and make full and fair disclosure of all material conflicts of interest.
Who is the largest broker-dealer? Rankings
| Firm | CFPs | |
|---|---|---|
| 1 | LPL Financial LLC | 3,833 |
| 2 | Lincoln Financial Network | — |
| 3 | Northwestern Mutual Investment Services | 1,322 |
| 4 | Ameriprise Financial Services, LLC | 0 |
How do LPL advisors get paid?
LPL and its financial professionals are compensated directly by customers and indirectly from the investments made by customers. When customers pay us, we typically are paid an upfront commission or sales load at the time of the transaction and in some cases a deferred sales charge.
What does LPL stand for in LPL Financial?
Linsco & Private Ledger (founded in 1968 and 1973, respectively). By merging these two companies, the founders of LPL sought to create a trusted alternative to Wall Street firms, one in which financial advisors could build highly competitive businesses while always doing what is right for their clients.
What are LPL Financial fees? Fees Under LPL Financial
For financial planning services, clients are charged a maximum hourly rate of $400 or a flat rate fee ranging from $0 to $15,000.
What kind of company is LPL Financial? Formed in 1989 through the merger of two small brokerage firms, Linsco and Private Ledger, LPL was designed as an alternative to traditional Wall Street firms.
How are LPL advisors paid?
LPL and its financial professionals are compensated directly by customers and indirectly from the investments made by customers. When customers pay us, we typically are paid an upfront commission or sales load at the time of the transaction and in some cases a deferred sales charge.
What is LPL short for? LPL
| Acronym | Definition |
|---|---|
| LPL | Laborers Political League |
| LPL | Lightning Protection Level |
| LPL | Lunar Personnel Lander |
| LPL | Large Pulse Laser |
How many LPL advisors are there?
Today, LPL is a leader in the markets we serve, supporting more than 18,000 financial professionals, 800 institution-based investment programs and 450 independent RIA firms nationwide with services, support, and resources: Brokerage and advisory services.
Who is the largest broker dealer? Rankings
| Firm | CFPs | |
|---|---|---|
| 1 | LPL Financial LLC | 3,833 |
| 2 | Lincoln Financial Network | — |
| 3 | Northwestern Mutual Investment Services | 1,322 |
| 4 | Ameriprise Financial Services, LLC | 0 |
Is LPL Financial A Fortune 500 company?
For the first time in its history, LPL Financial earned a spot in the Fortune 500 ranking for 2021, placing us on an esteemed list of the largest U.S. companies ranked by annual revenue. Coming in at number 466, LPL’s record revenue of $5.9 billion for 2020 highlights a nearly 37% increase over the last three years.
