RANK466. LPL Financial Holdings, which joins the Fortune 500 for the first time this year, is considered the largest independent broker-dealer in the U.S., with more than 17,500 financial advisors operating under its umbrella.
Correspondingly, What does LPL Financial stand for? 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.
Who are LPL competitors? LPL Financial competitors include Envestnet, Charles Schwab and Southside Bank.
Furthermore, 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 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 LPL owned by? The company is a member of FINRA and the SIPC. LPL Financial joined the Fortune 500 list at number 466 in 2021. LPL’s subsidiaries are LPL Financial LLC, LPL Insurance Associates, Inc., Fortigent, LLC, and The Private Trust Company, N.A.
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LPL Financial.
| Type | Public |
|---|---|
| Website | www.lpl.com |
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.
Is LPL a reputable company? LPL Financial’s pros
In 2021, LPL was included in the Fortune 500 for the first time as the 466th largest U.S. company ranked by annual revenue. In 2020, the firm was recognized as a technology innovator by the Bank Insurance and Securities Association.
How many locations does LPL Financial have?
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 |
How many employees does LPL Financial have? 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 |
Who is LPL Financial competitors?
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.
Do LPL clients pay more for mutual funds? Clients of hybrid RIAs who use the Strategic Wealth Management platform can avoid transaction fees if the fund is paying LPL certain compensation. However, those products “tend to have a higher expense ratio, which is borne by the client,” the customer agreement states.
How many advisors are with LPL?
LPL Financial is the nation’s leading independent broker-dealer1 and holds over $1 trillion2 in brokerage and advisory assets through our network of more than 19,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide.
How many LPL offices are there?
LPL Financial is headquartered in San Diego, CA and has 4 office locations across 1 country.
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.
How many advisors are at LPL Financial? LPL Financial is the nation’s leading independent broker-dealer1 and holds over $1 trillion2 in brokerage and advisory assets through our network of more than 19,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide.
Is LPL a broker-dealer?
LPL Financial is a registered investment advisor and a broker/dealer, which means that an LPL financial professional can offer you both investment advisory and brokerage services.
Are Edward Jones fees high? Edward Jones’ fees are relatively high for smaller asset values. But, the annual management fee of 0.50% for accounts with balances greater than $10 million is competitive with robo-advisors.
How many people work for LPL?
Based in San Diego, CA, LPL Financial is a key player in the professional industry with 5,344 employees and an annual revenue of $5.9B.
What does LPL company do? 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. Access to a broad range of investment solutions.
