Company
LPL Financial Holdings Inc.
Headquarters: San Diego, CA, United States
Founded: 1989
Employees: 5,900
CEO: Mr. Dan Hogan Arnold Jr., B.S., M.B.A., CPA
Market Cap
$17.60 Billion
USD as of Jan. 1, 2024
LPL Financial Holdings Inc. Categories
United States Financials Capital MarketsUnited States Financials United States Capital Markets
Top Competitors by Market Capitalization
Industry: Capital Markets
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|---|---|
| Morgan Stanley | $151.25 B |
| Goldman Sachs | $124.88 B |
| Schwab | $122.20 B |
| Macquarie Group Limited | $47.54 B |
| CITIC Securities Company Ltd | $40.07 B |
Sector:
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|---|---|
| Berkshire Hathaway | $797.77 B |
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| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
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Stocks & Indices
LPL Financial Holdings Inc. has the following listings and related stock indices.
Stock: NASDAQ: LPLA wb_incandescent
Stock: FSX: 7LI wb_incandescent
Key People
Dan Arnold (President & CEO) Matt Audette (Managing Director & CFO) Ed Fandrey (Managing Director & Divisional President, Advisor Solutions & National Sales ) Sallie Larsen (Managing Director & Chief Human Capital Officer) Michelle Oroschakoff (Managing Director & Chief Legal and Risk Officer) Scott Seese (Managing Director & CIO) Dayton Semerjian (Managing Director & Chief Customer Care Officer) Rich Steinmeier (Managing Director & Divisional President, Business Development) Burt White (Chief Investment Officer & Managing Director, Investor and Investment Solutions)
Financials
Revenue: US$5.9 billion (2020)