Formed in 1989 through the merger of two brokerage firms, Linsco (established in 1968) and Private Ledger (founded in 1973), LPL Financial is now the nation’s largest independent broker/dealer*. LPL Financial empowers its customers with high-touch service, technology-enabled business processing support, unbiased research, training, and investment products and advisory platforms. As a result of this enabling partnership, financial advisors can focus on what they do best - providing investment advice to help their clients achieve important life and financial goals.
Key Information:
- Largest independent broker/dealer in the country for 13 consecutive years*
- Headquartered in Boston, San Diego and Charlotte
- Over 12,000 affiliated financial advisors nationwide
- 6,200 branch offices in the U.S.
- Over 2,300 staff
- $284 billion in assets under management as of 3/31/08
- $79 billion in advisory assets under management as of 3/31/08
- Ranked 2nd in JD Power Full Service Investor Satisfaction Survey 7/21/09
Our History:
Through the merger of Linsco and Private Ledger, 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. Our success has been driven by a commitment to enable our 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 our equity partners are strongly committed to maintaining the independence of the firm, with a shared vision of our future success.
At LPL Financial, Your Account Carries SIPC and Excess SIPC Coverage
LPL Financial’s 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, please visit www.sipc.org. Additionally, through Lloyd’s 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. Please contact the Legal Department at LPL Financial for further information. The account protection applies when a SIPC member firm fails financially and is unable to meet its 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 serving your investment needs.
Focused on your goals
At LPL Financial, we understand the important role a financial advisor can play in managing your total financial life. That’s why we provide our financial advisors with the tools they need to help you meet your goals. When you choose an advisor supported by the vast resources of LPL Financial, you can be confident that your advisor will have access to independent research, state-of-the art technology, innovative investment tools, and the exceptional support that allow your advisor to devote his or her full attention to your needs and objectives.
Expect the very best
Whether you're just starting out or preparing for retirement, you can expect:
- Your needs come first — Your LPL Financial advisor will engage with you in an ongoing conversation about your needs, goals, and objectives to create the financial plan that’s right for you.
- Objective guidance and advice — With access to leading independent research, your LPL Financial advisor can help you make informed, objective decisions.
- Investment choice and flexibility — LPL Financial does not offer any proprietary products, so your advisor can help you choose unbiased investment solutions from many of the nation’s leading investment managers.
- Convenient account access — You can manage your account online anytime, day or night, from the convenience of your own home or office. In addition, easy-to-read account statements keep you informed of account activity and performance.
Whatever your goals for the future may be, when you work with a financial advisor backed by the resources of LPL Financial, your needs always come first.
*Based on total revenues, as reported in Financial Planning magazine, June 1996-2009.
