About LPL Financial

 

What We Do

Effective wealth management is enhanced by the right resources.  Just as you benefit from the knowledge and guidance of your financial advisor, your advisor benefits from the insights and oversight of LPL. 

LPL Financial is one of the nation's leading financial services companies and publicly traded company under ticker symbol LPLA.  The firm's mission is rooted in the belief that objective financial guidance is a fundamental need for everyone.  LPL doesn't offer proprietary investment products or engage in investment banking activities; this means advisors affiliated with LPL aren't pressured or influenced by LPL to sell its products.  Thousands of financial advisors nationwide are able to rely on the firm's tools and resources to help them provide financial guidance and recommendations to address their clients' needs. 

Formed in 1989 through the merger of Linsco and Private Ledger (founded in 1968 and 1973, respectively), LPL was built on the belief that objective financial guidance benefits everyone—and advisors are best able to serve clients when they have access to innovative tools and solutions. Remaining strong in this conviction, we formed a political action committee to lobby in Washington on behalf of advisors and their clients, working to keep access to objective advice a constant in our industry. 

As we grow, we regularly update our service offerings, including new platforms and insights to ensure advisors, banks, and credit unions have the right tools to meet your needs. Our continued investments in technology, cybersecurity, and operational efficiencies have helped us become a leader in the industry and a trusted partner for your advisor. Today, we provide comprehensive support and a broad range of innovative business solutions to a network of more than 16,000 financial advisors. We’ve built a reputation for customized service and personal attention, and our research and conferences, which provide your advisor with educational and training opportunities, are renowned throughout the industry. To continue supporting the delivery of objective financial advice at the local level, we’ve established a nonprofit foundation that’s committed to giving back to the communities where LPL advisors and employees live and work. As we grow and evolve, we remain committed to the philosophy of objective guidance that has propelled our success and will continue to shape our future.

When you invest with an advisor who affiliates with LPL, your accounts are protected with multiple levels of security:

ƒ Our Securities Investor Protection Corporation (SIPC) membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claims for cash.*

ƒ In addition to SIPC protection, LPL purchases Excess of SIPC protection with an aggregate limit of $600 million. Through our multi-bank sweep solutions, clients will receive the benefi ts of FDIC insurance, including:

ƒ Accounts eligible for the Insured Cash Account (ICA) will receive up to $2.5 million in coverage for single account holders and $5 million for joint accounts.

ƒ Accounts eligible for the Deposit Cash Account (DCA) will receive up to $2 million in coverage for single account holders. ƒ ICA and DCA deposits are FDIC-insured to a maximum amount of $250,000 (including principal and accrued interest) per bank, per legal capacity, and are aggregated with all other deposits held by you in the same recognized legal capacity at the same bank. Other investment holdings are subject to loss.

Regardless of investment type or size, we ensure your accounts are well protected. If you’d like more information on our SIPC membership, please visit www.sipc.org for a brochure. For FDIC insurance coverage information, visit www.fdic.gov.

 

* The account protection applies when 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 the market value of investments.