Who is LPL Financial?

Set a New Standard for Your Finances

LPL Financial was formed in 1989 through the merger of the two small but successful brokerage firms, Linsco (established in 1968) and Private Ledger (founded in 1973). Today, LPL Financial is America’s No. 1 independent brokerage firm* with more that 7,000 financial advisors based in more than 4,500 branch offices nationwide. As LPL Financial moves into our fourth decade, we remain committed to leading the independent brokerage business.

LPL Financial’s rise to prominence has been driven by a commitment to independence, excellence and the simple premise that achieving your financial goals requires:

  • Solid, unbiased advice
  • Meaningful, timely information and research
  • Easy access to value-added investments and services
  • Unparalleled customer service


LPL Financial Facts

  • LPL Financial has been the number one independent broker dealer in the nation for 11 consecutive years*
  • Over $1.7 billion in revenue in 2006
  • Over 7,000 affiliated financial advisors
  • Over 4,500 branch offices in the U.S.
  • Service to over 700 financial institutions
  • Over 1,400 staff in Boston, San Diego, and Charlotte Headquarters
  • Over $126 billion invested and managed annually
  • Over $50 billion in assets in LPL Financial’s fee-based programs
  • Over 5.0 million trades annually


At LPL Financial, Your Account Carries SIPC Coverage

LPL Financial’s network of more than 5,000 independent investment professionals provides financial services, products and objective advice to individuals nationwide. LPL Financial has the highest annual revenues and one of the strongest excess net capital rating of any independent broker/dealer†.

LPL Financial's SIPC membership provides account protection up to a maximum of $500,000 of which, $100,000 may be in cash.  For an explanatory brochure, please visit www.sipc.org.

Additionally, through Lloyds 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.

*Based on revenues, as reported by Financial Planning magazine, June 1996-2007.
†As Reported by Financial Planning Magazine, June 2003.

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