LPL FINANCIAL LLC
Adviser information for LPL FINANCIAL LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | California, United States |
Employees
| Total Number of Employees | 35841 |
|---|---|
| Investment Advisory/Research | 27045 |
| Registered Broker-Dealer Representatives | 27564 |
| Registered State Investment Advisers | 18145 |
| Licensed Agents of an Insurance Company | 20633 |
| No. of Firms/People that Solicit Clients | 1109 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1.9M | $462.8B |
| Non-Discretionary | 1,701 | $658.9M |
| Total | 1.9M | $463.5B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 916,344 | $148.3B |
| HNW Individuals | 440,642 | $292.9B |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 8,116 | $10.0B |
| Charitable organizations | 3,768 | $4.2B |
| State or municipal gov entities | 6 | $8.3M |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 1 | $3.3M |
| Corporations or other businesses | 6,033 | $8.0B |
| Other | 12 | $3.7M |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 168915 |
| No. of Non-U.S. Clients | 1 |
| No. of Financial Planning Clients | 17500 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshopsCONSULTING AND OTHER NON-DISCRETIONARY ADVISORY SERVICES |
|---|---|
| Compensation | % of AUMHourly chargesFixed feesCommissions |
| Other Business Activities | Broker-dealerRegistered representative of a broker-dealerInsurance broker or agentINSURANCE |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 338.6B |
| Portfolio Manager to Program | Sponsor |
|---|---|
| MANAGER SELECT | LPL FINANCIAL |
| MODEL WEALTH PORTFOLIOS | LPL FINANCIAL |
| MANAGER ACCESS SELECT | LPL FINANCIAL |
| GUIDED WEALTH PORTFOLIOS | LPL FINANCIAL |
| PERSONAL WEALTH PORTFOLIOS | LPL FINANCIAL |
Principal Office
1055 LPL WAYFORT MILL
SC
United States
Monday - Friday, 8:30AM - 6:00PM
Tel: 704-733-3300, Fax: None
Websites
twitter.com/lpl
twitter.com/lplresearch
www.youtube.com/@lplresearch
www.instagram.com/lpl_financial/
www.facebook.com/seekwealth.lpl
www.linkedin.com/company/seek-wealth/
www.linkedin.com/showcase/lpl-financial---research/
lplgovernmentrelations.com/sitepages/homepage.aspx
www.youtube.com/user/lplfinancialllc
www.lpl.com
www.linkedin.com/company/lpl-financial
www.facebook.com/lplfinancialllc/
myaccountviewonline.com/login/
www.threads.net/@lpl_financial
Chief Compliance Officer
JAMES MCHALE
EXECUTIVE VICE PRESIDENT, CHIEF COMPLIANCE OFFICER
1055 LPL WAY
FORT MILL
SC
United States
Tel:
980-321-1944
Fax:
704-357-8501
J*********@***************M
(Full email address available in API data)
Regulatory Contact
MATTHEW APPLEBAUM
SENIOR VICE PRESIDENT, COMPLIANCE, LEGAL & RISK
201 WASHINGTON ST STE 300
BOSTON
MA
United States
Tel:
617-897-4149
Fax:
617-526-8589
M****************@***************M
(Full email address available in API data)
Industry Affiliates
| FIDUCIARY TRUST COMPANY OF NEW HAMPSHIRE | Banking or thrift institution |
| LPL ENTERPRISE, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| LPL INSURANCE ASSOCIATES | Insurance company or agency |
| THE PRIVATE TRUST COMPANY | Banking or thrift institution |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| LPL HOLDINGS, INC. | Domestic Entity | – | MANAGING MEMBER | 04/1989 | > 75% |
| LPL FINANCIAL HOLDINGS INC. | Domestic Entity | LPL HOLDINGS, INC. | PARENT COMPANY | 12/2005 | > 75% |
| ARNOLD, DAN HOGAN JR | Individual | – | PRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTOR | 01/2017 | < 5% |
| AUDETTE, MATTHEW JON | Individual | – | MANAGING DIRECTOR, CHIEF FINANCIAL OFFICER AND CHIEF ACCOUNTING OFFICER | 09/2015 | < 5% |
| STEINMEIER, RICHARD C | Individual | – | MANAGING DIRECTOR AND DIVISIONAL PRESIDENT, BUSINESS DEVELOPMENT | 08/2018 | < 5% |
| ENYEDI, MATTHEW KLAUS | Individual | – | MANAGING DIRECTOR, NATIONAL SALES | 01/2020 | < 5% |
| RICKETTS, JUDITH KOHOSKIE | Individual | – | EXECUTIVE VICE PRESIDENT, OPERATIONS AND PRINCIPAL OPERATIONS OFFICER | 11/2020 | < 5% |
| GATES, GREGORY | Individual | – | MANAGING DIRECTOR, CHIEF INFORMATION OFFICER | 07/2021 | < 5% |
| SIMONICH, BRENT BLAIN | Individual | – | EXECUTIVE VICE PRESIDENT, CHIEF RISK OFFICER | 04/2022 | < 5% |
| SETHI, KABIR | Individual | – | MANAGING DIRECTOR, CHIEF PRODUCT OFFICER | 05/2022 | < 5% |
| JAMBUSARIA, ANERI | Individual | – | MANAGING DIRECTOR LPL SERVICES GROUP | 01/2022 | < 5% |
| BROWN, ALTHEA ANN-MARIE | Individual | – | MANAGING DIRECTOR, CHIEF LEGAL OFFICER AND DIRECTOR | 09/2023 | < 5% |
| MALFITANO, STEVEN THOMAS | Individual | – | SVP, FINANCE CAPITAL MANAGEMENT AND PRINCIPAL FINANCIAL OFFICER | 09/2023 | < 5% |
| MCHALE, JAMES | Individual | – | EXECUTIVE VICE PRESIDENT, CHIEF COMPLIANCE OFFICER | 10/2023 | < 5% |
| DADYAR, LABKHAND SARA | Individual | – | MANAGING DIRECTOR, CHIEF HUMAN CAPITAL OFFICER | 01/2024 | < 5% |