LPL Financial

LPL Financial Holdings Inc.
Company typePublic
Nasdaq: LPLA
Russell 1000 Component
IndustryFinancial services
Founded1989; 35 years ago (1989)
HeadquartersSan Diego, California, United States
Key people
  • Matt Audette (managing director, Head of Business Operations, & CFO)
  • Matthew Enyedi (managing director, Client Success)
  • Greg Gates (managing director & Chief Technology & Information Officer)
  • Aneri Jambusaria (Managing Director, LPL Services Group)
  • Sallie Larsen (Managing Director & Chief Human Capital Officer)
  • Michelle Oroschakoff (managing director & Chief Legal and Risk Officer)
  • Kabir Sethi (managing director & Chief Product Officer)
  • Rich Steinmeier (Managing Director & Divisional President, Business Development)
RevenueIncrease US$5.9 billion (2020)
AUM$1 Trillion
Number of employees
4,658 [1] (2020)
SubsidiariesLPL Financial LLC
LPL Insurance Associates, Inc.
Fortigent LLC
The Private Trust Company
Websitewww.lpl.com

LPL Financial Holdings Inc. (commonly referred to as LPL Financial) was founded in 1989[2] and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors,[3] over US$1 trillion in advisory and brokerage assets,[4] and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year.[5]

LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco (established in 1968 as Life Insurance Securities Corp) 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, Fort Mill, Austin, and San Diego.[6] The company is a member of FINRA and the SIPC.[7]

LPL Financial joined the Fortune 500 list at number 466 in 2021[3] and rose to 392 in 2024.[8]

LPL's subsidiaries are LPL Financial LLC, LPL Insurance Associates, Inc., Fortigent, LLC, and The Private Trust Company, N.A.[9]

  1. ^ "Corporate Snapshot". LPL Financial. September 30, 2020. Retrieved November 2, 2020.
  2. ^ "Our History". www.lpl.com. Retrieved 2020-11-02.
  3. ^ a b "LPL Financial Holdings | 2021 Fortune 500". Fortune. Retrieved 2021-06-14.
  4. ^ "Corporate Snapshot". www.lpl.com. Retrieved 2021-02-12.
  5. ^ "LPL Financial Announces Fourth Quarter and Full Year 2023 Results". LPL Financial. February 1, 2024. Retrieved October 15, 2024.
  6. ^ "LPL Financial Work Locations". www.lpl.com. Retrieved 2020-11-02.
  7. ^ "LPL Financial". www.lpl.com. Retrieved 2021-02-12.
  8. ^ Murphy, Kate (June 4, 2024). "These San Diego companies made the 2024 Fortune 500 list". Axios. Retrieved October 15, 2024.
  9. ^ "Exhibit". www.sec.gov. Retrieved 2021-02-12.