LPL Financial


LPL Financial Holdings Inc was founded in 1968 and is considered the largest independent broker-dealer in the United States. As of 2018 the company had more than 16,000 financial advisors, over $681 billion in advisory & brokerage assets, and generated approximately $5.2 billion in annual revenue for the 2018 fiscal year.
LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco and Private Ledger —and has since expanded its number of independent financial advisors both organically and through acquisitions. LPL Financial has main offices in Boston, Fort Mill, and San Diego.
LPL's subsidiaries are LPL Financial LLC, LPL Insurance Associates, Inc., Fortigent, LLC, and The Private Trust Company, N.A.

Statistics

Key facts regarding LPL Financial include the following:
On May 2, 2018, LPL Financial agreed to a $26 million settlement arising from unregistered securities.