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What does LPL Financial stand for?

What does LPL Financial stand for?

Linsco & Private Ledger (founded in 1968 and 1973, respectively). By merging these two companies, the founders of LPL sought to create a trusted alternative to Wall Street firms, one in which financial advisors could build highly competitive businesses while always doing what is right for their clients.

What type of company is LPL Financial?

independent broker-dealer
(commonly referred to as LPL Financial) was founded in 1989 and is considered the largest independent broker-dealer in the United States….LPL Financial.

Type Public
Number of employees 4,658 (2020)
Subsidiaries LPL Financial LLC LPL Insurance Associates, Inc. Fortigent LLC The Private Trust Company,

What is the rating of LPL Financial?

LPL was ranked no. 466 on the Fortune 500 list in 2021.

How do I file a complaint against LPL Financial?

The easiest way to know if you have a viable case against LPL Financial is to call our office at 800-732-2889. I.

Is LPL Financial A Fortune 500 company?

For the first time in its history, LPL Financial earned a spot in the Fortune 500 ranking for 2021, placing us on an esteemed list of the largest U.S. companies ranked by annual revenue. Coming in at number 466, LPL’s record revenue of $5.9 billion for 2020 highlights a nearly 37% increase over the last three years.

How does LPL make money?

LPL and its financial professionals are compensated directly by customers and indirectly from the investments made by customers. When customers pay us, we typically are paid an upfront commission or sales load at the time of the transaction and in some cases a deferred sales charge.

Are LPL Financial advisors fiduciaries?

As an investment advisor, LPL has a fiduciary responsibility to its advisory clients and, as such, is obligated to act in the best interests of clients and make full and fair disclosure of all material conflicts of interest. The client pays a flat fee or hourly fee for this type of service, which is not ongoing.