LPL Financial

Who is LPL Financial?

LPL Financial Key Facts

The need for objective advice has never been greater. Amid an ever-changing investment landscape, investors need an expert and experienced partner who can guide them though the intricacies of investing and financial planning.

As a long-term investor, you are faced with a wide array of financial considerations. You may need to provide financial assistance for a child’s college education or help support an again parent. In addition, you must prepare for your own retirement and consider what’s to be done with your estate.

You’re also confronted with a growing number of investment and insurance products and services, and more way to access them than ever before. Should you invest in mutual funds, annuities, individual securities, or a comprehensive asset management program? How much insurance do you need? Add up all of these important considerations. And your need for competent, objective financial guidance has never been greater.

A leading source of unbiased financial advice, LPL Financial is the #1 independent broker/dealer in the country.* LPL Financial is a leading source of objective advice for accumulating and managing personal wealth. LPL Financial was formed in 1989 through the merger of two small but successful brokerage firms, Linsco (established in 1968) and Private Ledger (founded in 1973), and is the number one independent broker/dealer in the country.* LPL Financial seeks to fulfill your needs with suitable options from a wide range of the nation’s top providers of:


*As reported by Financial Planning magazine, June 1996-2009, based on total revenue.
** As of 12/31/08
*** Based on publicly disclosed information and announced mergers as of 12/31/08.
**** LPL Financial representatives offer access to trust services through The Private Trust Company N.A., an affiliate of LPL Financial

LPL Financial History

LPL Financial was formed in 1989 through the merger of two small but successful brokerage firms, Linsco (established in 1968) and Private Ledger (founded in 1973). By merging these two companies, the founders of LPL Financial sought to create a formidable alternative to Wall Street firms, one in which 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.* Their 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% ownership stake to two private equity partners, Hellman & Friedman, LLC, and Texas Pacific Group. LPL Financial and their equity partners are strongly committed to maintaining the independence of the firm, with a shared vision of our future success.

Looking to the future
Financial advisors and financial organizations need a partner that can help them meet the growing demands and challenges of today's investors. People are living longer and face increasingly complex retirement needs. As a true market leader, LPL Financial is well positioned to enable our customers to help their clients address these trends.

As we move into our fourth decade, LPL Financial remains committed to meeting the needs of our valued partners through Independent Advisor Services, Institution Services, and Custom Clearing Services, supporting advisors and other financial professionals so that they may help investors achieve their vision for their financial future.

* As reported in Financial Planning magazine 1996-2010, based on total revenues.

Who LPL Financial Serves

As a diversified financial services company, they serve three distinct customer groups. Independent Advisor Services meets the needs of advisors at every stage of their careers. Institution Services focuses on the needs of banks and credit unions. Custom Clearing Services works with leading financial services companies.

By tailoring programs and services to the unique needs of customers, LPL Financial helps them to stay focused on their core areas of expertise, while enabling them to provide outstanding service and strategies to their clients. Being 100% committed to the success of the financial professionals they serve is what has helped LPL Financial become one of the leading diversified financial services organizations in the country, with headquarters in Boston, Charlotte, and San Diego.

LPL Financial has a proud heritage of helping financial professionals and their clients achieve their personal, professional, and financial dreams. Their strength and resources helps provide customers with a solid foundation for continued growth.

* As reported in Financial Planning magazine 1996-2010, based on total revenues.


LPL Financial's network of more than 11,000 independent investment professionals provides financial services, products and objective advice to individuals nationwide. LPL's investment account assets are protected up to $100 million.  LPL'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

Additionally, through Lloyds of London, LPL accounts have additional securities coverage of $99.5 million per customer, subject to a $500 million aggregate firm limit. Please contact your registered representative or refer to

The account protection applies in the event an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in market value of investments.  The extensive coverage reflects a strong commitment to serving your investment needs.

LPL has the highest annual revenues of any independent broker/dealer. (As reported by Financial Planning Magazine, June 1996-2008, based on total revenues). LPL is a member firm of the Securities Investor Protection Corporation (SIPC).

Individual Investors

With increasingly complex financial markets and longer life expectancies, working with an investment professional is more important than ever. One of the most important decisions you can make is to seek the advice of a trusted, qualified advisor. For this important partnership, you need a trained professional who sees your total financial picture-someone who can help you define your

LPL Financial understands the important role a financial advisor can play in managing your total financial life. That's why they provide 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.

Why Use an LPL Financial Advisor?
Over the past decade, financial advisors backed by LPL Financial have become a leading source of objective advice for accumulating and managing personal wealth. As experienced financial professionals, these advisors possess an average of 10 years of industry experience when they partner with our organization. With thousands of LPL Financial advisors to choose from nationwide, you can identify and interview more than one advisor in your region before choosing one with whom you feel most comfortable. While advisors aligned with LPL Financial come from different backgrounds and offer different types of expertise, they all have two things in common: they're backed by a market leader and they're 100% committed to helping you achieve your long-term financial and life


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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Securities offered through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency), member FINRA / SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity.
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