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Notability

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Company is definitely notable:

--A. B. (talk) 20:41, 25 September 2007 (UTC)[reply]

Key facts

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A key facts section that contains a list of duplicate information from the infobox is being inserted into the article. Is there any reason to keep the key facts section? The editor adding the content is using an LPL IP address. Alanraywiki (talk) 21:56, 22 June 2009 (UTC)[reply]

A variety of company facts have changed since this page was last updated; I am an LPL Financial employee and cannot update myself, but I have provided citations below. Can you please update?

These changes include updating the number of financial advisors (more than 13,000[1]) and the number of employees in the first paragraph (approximately 2,900[2]): LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco (established in 1968) and Private Ledger (established in 1973)—and has since expanded its number of independent financial advisors from a few hundred to more than 13,000[3] in 2012. LPL Financial has headquarters in Boston, Charlotte, and San Diego. Approximately 2,900[4] employees support financial advisors; financial institutions; and technology, custody, and clearing service subscribers with enabling technology, comprehensive clearing and compliance services, practice management programs and training, and independent research.[5]

An additional event should be added to the end of the timeline section: In January 2012, LPL Financial acquired Rockville-based Fortigent, which provides high-net-worth solutions and consulting services to RIAs, banks, and trust companies. [6]

The following metrics should be updated in the Statistics section:
4.3 million funded accounts[7]
13,185 financial advisors supported[8]
Approximately 4,500 technology, custody, and clearing service subscribers[9]
Approximately 685 financial institution partners[10]
$353.0 billion in advisory and brokerage assets[11]

The info box should also be updated to reflect 2,900 employees. The parent company name recently changed and should be updated to read: LPL Financial Holdings Inc.[12]

Can you please update this information on the LPL Financial wikipedia page? Thank you.

Petergilchrist (talk) 20:48, 8 August 2012 (UTC)[reply]

References

  1. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  2. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  3. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  4. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  5. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  6. ^ http://www.forbes.com/sites/halahtouryalai/2012/01/03/lpl-expands-ria-presence-with-fortigent-acquisition/
  7. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  8. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  9. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  10. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  11. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
  12. ^ http://lplfinancial.lpl.com/about_lpl_financial/corporate_snapshot.htm
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Can some one tell me why this edit is considered Undue weight by and how do I go about revert it back on the page with out starting an edit war ~ I feel a $450,000 fine from the second largest state in the united states and several other states included in North American Securities Administrators Association "the oldest international investor protection organization" pretty due weight ~

==Legal Matters==
On March 28, 2019, LPL Financial's subsidiary LPL Financial LLC, with out admitting or denying fact or conclusions consented to a fine of $450,000 by Texas State Securities Board for violating section 7 of the Texas Securities Act.[1]

~ Mitchellhobbs (talk) 23:57, April 11, 2019‎ (UTC)

Sources

  1. ^ "Order No. IC19-CAF-01" (PDF). Texas State Securities Board. Mar 28, 2019. Retrieved April 11, 2019.
I have no idea. They don't give any specific reason why it's undue, so I'm going to restore it. -- BullRangifer (talk) PingMe 02:05, 12 April 2019 (UTC)[reply]
We need additional sources. The court document alone isn't enough to warrant inclusion, which is why I noted it is WP:UNDUE. A $450,000 fine is not significant for a company with $4.2 billion under management. Meatsgains(talk) 15:34, 12 April 2019 (UTC)[reply]
I will get additional sources ~ but $450,000 is not much for a company with $4.2 billion under management but to the other 75% population of the globe, it's more than most people make in a life time so I think the amount is noteworthy Mitchellhobbs (talk) 18:01, 12 April 2019 (UTC)[reply]
  • User:Meatsgains looks like I'm just getting in on the tail end of this, it seems that Texas was only 1 of many states ~ I am going to do more work and probably remove the Texas part but I am sure I will list all the states involved ~If I am thinking correctly there are more court orders coming up. Texas is just the first one that came across my desk and the final count will be upwards to $26 million dollars ~ that seems pretty substantial ~ The only reason I am leaving Texas on it for now is because we have 3 ref's so far ~ Mitchellhobbs (talk) 18:49, 12 April 2019 (UTC)[reply]
@Mitchellhobbs: Okay, the $26 million is more notable than the $450K fine with Texas. Rather than updating state-by-state, I'd recommend not singling out specific states given the length of the short article. Meatsgains(talk) 02:12, 15 April 2019 (UTC)[reply]
no problem ~ it's fun to research anyways ~ thanks User:Meatsgains Mitchellhobbs (talk) 02:31, 15 April 2019 (UTC)[reply]

LPL sourcing

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This article depends on LPL sources too much. Not good. This could easily be deleted, so please find more sources. -- BullRangifer (talk) PingMe 02:08, 12 April 2019 (UTC)[reply]

BullRangifer ~ look better? Mitchellhobbs (talk) 04:55, 15 April 2019 (UTC)[reply]
Yes. Much better. -- BullRangifer (talk) PingMe 05:42, 15 April 2019 (UTC)[reply]

Edit Request – Infobox / Lead / History

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NOTE: I’m proposing the following edits for FleishmanHillard on behalf of LPL Financial. I’m a paid editor and aware of the COI guidelines. What follows are recommended updates to LPL’s article to correct inaccuracies, provide improved sourcing (future sourcing updates to come) and suggest a new section for improved readability/categorization. Thanks for your time and consideration.

Infobox

  • Key People: The current list of key people is outdated and likely too extensive for a Wikipedia entry. Propose updating (and reducing) the Key People section to include (sourcing for reference included):
  1. Rich Steinmeier, CEO[1]
  2. Matt Audette, managing director, head of business operations, CFO[2]
  • Revenue: Current figure is four years old. Please update to read US$10 billion (2023)[3], the most recently reported amount.
  • AUM: Current figure is outdated and unsourced. Please update to read $1.5 Trillion (2024)[4], the most recently reported amount.
  • Number of employees: Also outdated. Please update to read 8,400 (2023).[5]
  • Subsidiaries: Fortigent LLC is not an LPL subsidiary.[6] Please remove Fortigent LLC.

______________________

Lead

  • The current lead incorporates elements of the company’s history, so I propose splitting the current lead section into lead AND history sections. Proposed revisions to the lead section below – built around the first two sentences of the lead – will also address existing first-party sourcing issues:

From: LPL Financial Holdings Inc. (commonly referred to as LPL Financial) was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year.

To:

LPL Financial Holdings Inc. (commonly referred to as LPL Financial) was founded in 1989[7]and is the largest independent broker-dealer in the United States[8] and one of the largest custodians for registered investment adviser firms. [9] The company serves more than 23,000 financial advisors including advisors at more than 1,000 institutions and 580 registered investment advisor firms across the United States.[10]The company also manages $1.5 trillion in advisory and brokerage assets [11], and generated approximately $10 billion in annual revenue during the 2023 fiscal year.[12]

______________________

History (newly proposed section)

Propose creating a History section to divide up the existing Lead. History section would be made up of the second, third and fourth paragraphs of the current Lead, and will address the following requested edits (sourcing to validate in “To” section):

  • First sentence: Remove 1989 to avoid duplicate information in the article.
  • Second sentence: Add “Tempe” as one of main office locations.
  • Fifth sentence: Update list of subsidiaries for accuracy.
  • Sixth sentence: Adding new sourcing for FINRA/SIPC membership and clarifying that those entities regulate SIPC.

From (pulled from Lead): LPL Financial was formed in 1989 through the merger of two brokerage firms—Linsco (established in 1968 as Life Insurance Securities Corp) and Private Ledger (established in 1973)—and has since expanded its number of independent financial advisors both organically and through acquisitions. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC. LPL Financial joined the Fortune 500 list at number 466 in 2021 and rose to 392 in 2024. LPL's subsidiaries are LPL Financial LLC, LPL Insurance Associates, Inc., Fortigent, LLC, and The Private Trust Company, N.A.

To:

LPL Financial was formed through the merger of two brokerage firms—Linsco (established in 1968) and Private Ledger (established in 1973)—and has since expanded its number of independent financial advisors both organically and through acquisitions.[13]

LPL Financial’s main offices are in Boston, Fort Mill, Austin, Tempe and San Diego.[14][15]The company is regulated by FINRA and the SIPC.[16][17]

LPL Financial joined the Fortune 500 at number 466 in 2021[18] and rose to 392 in 2024. [19]

LPL’s subsidiaries are LPL Financial LLC, LPL Insurance Associates, Inc., AW Subsidary, Inc., The Private Trust Company, N.A. and LPL Employee Services, LLC.[20]

References

  1. ^ Britton, Diana (October 21, 2024). "LPL Board Names Rich Steinmeier CEO". Wealth Management. Retrieved November 12, 2024. Following CEO Dan Arnold's sudden firing earlier this month, LPL's board has chosen Steinmeier as his permanent replacement, while CFO Matt Audette adds president to his title.
  2. ^ Almazora, Leo (October 21, 2024). "Rich Steinmeier confirmed as LPL's new CEO". Investment News. Retrieved November 12, 2024. Alongside Steinmeier's appointment, the board named Matt Audette, whose reputation as a turnaround artist preceded his welcome into LPL's leadership in 2015, as president while retaining his duties as chief financial officer.
  3. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 41. Retrieved November 12, 2024. Total Revenue Years Ended December 31, 2023: $10,052,800,000
  4. ^ FORM 10-Q (Report). U.S. Securities and Exchange Commission. July 29, 2024. p. 2. Retrieved November 12, 2024. Total advisory and brokerage assets served were $1.5 trillion at June 30, 2024, compared to $1.2 trillion at June 30, 2023.
  5. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 7. Retrieved November 12, 2024. As of December 31, 2023, [LPL] had approximately 8,400 full-time employees, all of whom are located in the U.S.
  6. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 1. Retrieved November 12, 2024. The Company's most significant wholly owned subsidiaries are … LPL Holdings, Inc.; LPL Financial LLC; LPL Insurance Associates, Inc.; AW Subsidiary, Inc.; The Private Trust Company, N.A.; LPL Employee Services, LLC
  7. ^ "LPL Financial". Crunchbase. Retrieved November 12, 2024. LPL Financial was formed in 1989 through the merger of two brokerage firms: Linsco (established in 1968) and Private Ledger (established in 1973); and has since expanded its number of independent financial advisors from a few hundred to more than13,300 in 2012.
  8. ^ Salinger, Tobias (August 15, 2025). "IBD Elite: The 15 largest independent brokerages in wealth management". Financial Planning. Retrieved November 12, 2024. 1. LPL Financial
  9. ^ FORM 10-Q (Report). U.S. Securities and Exchange Commission. July 29, 2024. p. 1. Retrieved November 12, 2024. LPL serves the advisor-mediated marketplace as the nation's largest independent broker-dealer, a leading investment advisory firm and a top custodian. [LPL] serves more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide…
  10. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 1. Retrieved November 12, 2024. LPL serves the advisor-mediated marketplace as the nation's largest independent broker-dealer, a leading investment advisory firm and a top custodian. [LPL] serves more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide…
  11. ^ FORM 10-Q (Report). U.S. Securities and Exchange Commission. July 29, 2024. p. 2. Retrieved November 12, 2024. Total advisory and brokerage assets served were $1.5 trillion at June 30, 2024, compared to $1.2 trillion at June 30, 2023.
  12. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 41. Retrieved November 12, 2024. Total Revenue Years Ended December 31, 2023: $10,052,800,000
  13. ^ "LPL Financial". Crunchbase. Retrieved November 12, 2024. LPL Financial was formed in 1989 through the merger of two brokerage firms: Linsco (established in 1968) and Private Ledger (established in 1973); and has since expanded its number of independent financial advisors from a few hundred to more than 13,300 in 2012.
  14. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 70. Retrieved November 12, 2024. LPL Financial LLC ("LPL Financial"), with primary offices in San Diego, California; Fort Mill, South Carolina; Boston, Massachusetts; and Austin, Texas, is a clearing broker-dealer and an investment advisor that principally transacts business for its advisors and enterprises on behalf of their clients in a broad array of financial products and services.
  15. ^ Manganaro, John (September 17, 2024). "LPL Opens New 43,000-Square-Foot Home Office in Arizona". Retrieved November 12, 2024. LPL Financial is opening a 43,000-square-foot office in Tempe, Arizona, where it expects to accommodate 300 employees by the end of the year.
  16. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 9. Retrieved November 12, 2024. LPL Financial is regulated by the SEC, FINRA, CFTC and NFA.
  17. ^ "List of Members". Securities Investors Protection Corporation. Retrieved November 12, 2024. LPL FINANCIAL LLC; FORT MILL, SC
  18. ^ "Fortune 500: LPL Financial". Fortune. Retrieved November 12, 2024. #466: LPL Financial
  19. ^ "Fortune 500: LPL Financial". Retrieved November 12, 2024. #392: LPL Financial
  20. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 1. Retrieved November 12, 2024. The Company's most significant wholly owned subsidiaries are … LPL Holdings, Inc.; LPL Financial LLC; LPL Insurance Associates, Inc.; AW Subsidiary, Inc.; The Private Trust Company, N.A.; LPL Employee Services, LLC

Jon Gray (talk) 15:58, 12 November 2024 (UTC)[reply]

@Jon Gray:, Just need guidance to ensure we are on the same page (pun intended). You wrote, "edits for FleishmanHillard on behalf of LPL Financial." Did you mean "edits for LPL Financial on behalf of FleishmanHillard?" I am assuming so since the request was made here but want to double check prior to jumping in to review the requests.
@CNMall41: Hi - I *think* it was you who left the question above based on the edit history, I didn't see a signature. Apologies if this is coming your way in error. To answer your question, FleishmanHillard is the company I work for and we're doing this work on behalf of LPL Financial. Apologies for any confusion, I'll make that more clear next time around. Thanks! Jon Gray (talk) 19:39, 19 November 2024 (UTC)[reply]
Thank you, @Jon Gray:. It was I and yes I forgot to sign the comment. I will take a closer look at everything now. --CNMall41 (talk) 20:01, 19 November 2024 (UTC)[reply]

Notes

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There are a lot of requests so placing the notes here. If there is anything that I did not address please let me know. --CNMall41 (talk) 20:32, 19 November 2024 (UTC)[reply]

  • Infobox - For key people, I agree it was too extensive. This is normally reserved for C-Level employees. I added the "leadership" page from company website which can be referenced in the future for any changes and updated to include just the CEO and CFO. The rest of the updates requested were implemented as well with the exception of removing Fortigent. The references on that page shows it was purchased by LPL and a Google search shows it come up as a platform on the LPL website. Can you provide more direction on why it should not be listed as a subsidiary? Was it sold? Can you show sources stating such?
  • Lead - This needs some additional consideration. The lead is based on what is in the body and there needs some additional cleanup there as well. Will take a closer look at cleaning that up later in the week so leaving that unanswered at this time. You are free to submit this in a separate new request for other editors to review in the meantime if you so choose.
  • History - I moved some information from the lead to create a new history section. Note, the move does not mean I endorse the current content as there is a lot of cleanup needed. I also did not remove the year founded as that is appropriate for the history section (moved the reference to the body instead of the lead). The "Legal" section also needs work as much of that content needs to be moved to the history section keeping WP:NPOV and WP:NOCRIT in mind. Again, I will take a look closer and do some cleanup later in the week. If you don't see any movement, feel free to ping me as I sometimes go down other rabbit holes.
 Partly done: See below response CNMall41 (talk) 20:33, 19 November 2024 (UTC)[reply]
Hi @CNMall41 - thanks for your edits and input thus far, much appreciated. Addressing your questions/thoughts below:
  • Infobox: I'll try to track down more information on the Fortigent question and any sourcing that confirms/validates its removal. Totally understanding keeping it there for now.
  • Lead: Sounds good. And I will be submitting additional requests probably next week, so some of the body cleanup may be addressed in what we're proposing.
  • History: Sounds good here as well, and I noticed you rolled the acquisitions up into History, which makes sense as well. Some of the edits I planned on proposing were in the old Acquisitions section, so I'll just be sure to make sure those are now reflected for the History section.
Thanks again - will let you know what I find out about Fortigent. In the meantime, happy to answer any other questions, etc. Jon Gray (talk) 16:04, 21 November 2024 (UTC)[reply]


PHASE 2

Edit Request – Operations/Acquisitions/Legal

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NOTE: I’m proposing the following edits for FleishmanHillard on behalf of LPL Financial. I’m a paid editor and aware of the COI guidelines. The following are proposed edits that would 1) add a section re: company operations 2) correct inaccuracies, add info and update sourcing for the Acquisitions section and 3) add context to one entry of the Legal section. Thanks for your time and consideration.

Operations (new proposed section)

Propose creating this new section to make clear what operations and functions LPL serves. Right now, that is not apparent in the current article. I recommend that this new section would follow the first sentence of the History section. Proposed copy and sourcing below:

______________________

Acquisitions and Partnerships (new proposed section)

Recommend creating a new section called Acquisitions and Partnerships to house that information currently contained in the History section. Doing so may make scanning and reading the article easier for readers. This would impact the paragraphs listed below that are currently in the History section:

  • Update History section’s second paragraph (On August 15, 2017…) with the sourcing found here [10] to add citation to the paragraph’s claim and use as first entry in new Acquisitions and Partnerships section.
  • Update second half of History section’s third paragraph (On December 3, 2018…) with the sourcing found here [11] to add citation to the paragraph’s claim and use as entry in new Acquisitions and Partnerships section.
  • Move History section’s fifth paragraph (On August 18, 2020…) to the new Acquisitions and Partnerships section (as-is).
  • Update History section’s sixth paragraph (On August 20, 2020…) with the sourcing found here[12] to add citation to the paragraph’s claim and use as entry in new Acquisitions and Partnerships section.
  • Propose revising seventh paragraph in History section for conciseness as follows, and using as an entry in new Acquisitions and Partnerships section:

From: On October 27, 2020, LPL Financial Holdings Inc. announced its acquisition of Blaze Portfolio, a Chicago-based fintech firm founded in 2010. LPL will continue to offer Blaze Portfolio's services as a stand-alone product, as well as bring trading capabilities to all LPL Financial advisors. The transaction was signed and closed on Oct. 26, 2020. LPL Financial paid approximately $12 million and agreed to a potential contingent payment of up to $5 million, subject to milestones and customary purchase price adjustments.

To: On October 27, 2020, LPL Financial acquired fintech firm Blaze Portfolio for $12 million and integrated Blaze’s trading system into LPL’s ClientWorks platform.[13]

  • Propose revising the eighth paragraph in the History section for conciseness and accuracy (there is no wealth management fund from Waddell & Reed), and adding it to new Acquisitions and Partnerships section as well:

From: In April 2021, LPL acquired Waddell & Reed's wealth management fund.

To: In April 2021, LPL Financial acquired Waddell & Reed’s wealth management business which included 900 advisors managing approximately $65 billion in assets.[14]

  • The following are four new requested additions to the new Acquisitions and Partnerships section we propose adding that would follow those referenced above:

In November 2022, LPL Financial acquired Financial Resources Group, which included approximately 800 advisors and 85 financial institutions across the U.S.[15] In August 2023, Prudential Financial and LPL Financial announced a partnership to augment Prudential's retail wealth management business, which includes transitioning 2,600 financial professionals and approximately $50 billion in assets to LPL Financial's platform by late 2024.[16] In February 2024, LPL Financial agreed to acquire Atria Wealth Solutions, which includes 2,400 advisors and 150 banks and credit unions responsible for $100 billion in assets.[17] In September 2024, LPL Financial announced its acquisition of New Jersey-based The Investment Center which was responsible for $9 billion in assets serving 240 advisors.[18] ________

Legal (new proposed section)

Three passages in the History section deal with legal matters faced by LPL. I propose moving these into a new section called Legal to aid in categorizing the information on the page. Proposed moves to this new “Legal” section are as follows:

  • The first three sentences of the third paragraph of the History section (“On May 2, 2018…customer complaint reporting.”)
  • The first two sentences of the fourth paragraph of the History section (”On June 26, 2019…advisors/supervisors and late reportings.”)
  • Also propose moving the fifth, sixth and seventh sentences of the History section’s seventh paragraph to the new Legal section and updating this paragraph to add context on the company’s remediation plans as part of the settlement with FINRA:

From: On December 30, 2020, LPL Financial paid a fine of $6.5 million as part of a settlement with the Financial Industry Regulatory Authority (FINRA). As part of the settlement, LPL Financial consented to the findings that they had failed to supervise and failed to maintain adequate records. FINRA alleged that inadequate record keeping had exposed customers to losses through a Ponzi scheme created by one of its representatives.

To (new sentence in bold): On December 30, 2020, LPL Financial paid a fine of $6.5 million as part of a settlement with the Financial Industry Regulatory Authority (FINRA). As part of the settlement, LPL Financial consented to the findings that they had failed to supervise and failed to maintain adequate records. FINRA alleged that inadequate record keeping had exposed customers to losses through a Ponzi scheme created by one of its representatives. As part of remediation, the company hired external consultants to address recordkeeping issues and pledged to review all systems to ensure compliance.[19]

References

  1. ^ Snel, Ross (October 29, 2021). "LPL Financial's Assets Climb to Record, Advisor Headcount Jumps by 500-Plus". Barron’s. Retrieved January 2, 2025. Traditionally, IBDs operated brokerage platforms for advisors serving as 1099 independent contractors. While LPL continues to work with most of its advisors in that capacity, it now has an employee channel, Linsco, as well as Strategic Wealth Services, which gives breakaway advisors extra help setting up and running independent practices. And while LPL has long custodied assets on behalf of registered investment advisor firms, earlier this year it unveiled a revamped custody offering that seeks to attract fee-only RIAs.
  2. ^ Kelly, Bruce (July 27, 2018). "LPL looks to cash in on in-house advisory assets". Investment News. Retrieved January 2, 2025. Two recent strategic decisions to boost assets advisers hold at LPL Financial appear to be paying off. First, in an attempt to drive more assets to the company's in-house, corporate advisory and managed-money platform, LPL almost a year ago announced a change in policy that would require new recruits to custody their first $50 million in assets at LPL.
  3. ^ Kitces, Michael (October 26, 2023). "Future of advisor platforms is services". Investment News. Retrieved January 2, 2025. Consequently, over the past 20 years, there has been an ongoing consolidation of custody and clearing firms, so that today the overwhelming majority of RIAs and broker-dealers use the same small handful of back-end platforms (Schwab, Fidelity and Pershing) to power their businesses, and only a few self-clearing independent broker-dealers even remain (e.g., LPL, Raymond James and Ameriprise).
  4. ^ Manganaro, John (August 13, 2024). "LPL Expands Business Support, Tech Services". Think Advisor. Retrieved January 2, 2025. LPL Financial says it is expanding its suite of business support solutions for affiliated advisor firms, with the goal of helping them more effectively manage and grow their wealth management practices. The broker-dealer unveiled the service expansion at its Focus 2024 conference, taking place this week in San Diego with a crowd of up to 9,000 financial advisors, broker-dealer staff and sponsors.
  5. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 3. Retrieved January 2, 2025. We support our advisors by providing front-, middle- and back-office solutions through our distinct value proposition: integrated technology solutions, comprehensive clearing services, compliance services, consultative practice management programs and training, business services and planning and advice services, along with in-house research.
  6. ^ Kelly, Bruce (August 5, 2020). "LPL to pay top dollar for employee reps and advisers". Investment News. Retrieved January 2, 2025. For decades, LPL has been the largest firm for advisers who work as independent contractors and typically receive 80 cents per dollar of revenue from fees and commissions. Advisers who are employees, like those at UBS and Merrill Lynch, have a pay scale, known as the grid in the industry, that is roughly half of an independent contractor adviser. With more than 16,000 independent contractor reps and advisers, LPL joins competitors such as Raymond James Financial Inc. and Ameriprise Financial Inc. that have platforms for both independent contractors and employees.
  7. ^ FORM 10-K (Report). U.S. Securities and Exchange Commission. February 19, 2024. p. 41. Retrieved January 2, 2025. The majority of our advisors are independent practitioners who are viewed as local providers of independent advice.
  8. ^ Wong, Michael (October 1, 2024). "Maintaining Our $314 Fair Value for LPL Financial After Departure of CEO Dan Arnold". Morningstar. Retrieved January 2, 2025. At the end of 2023, advisors on LPL's platform served over $1.3 trillion of wealth management assets in the United States. LPL aims to offer services to all advisors regardless of business model. For example, advisors can be licensed with LPL Financial, giving LPL responsibility for managing risk and compliance, or they can operate as a hybrid Registered Investment Advisor using LPL Financial for custody, trading, and administrative support.
  9. ^ Welsch, Andrew (February 23, 2024). "LPL Wins $16 Billion Regional Bank Customer for Institutional Business". Barron’s. Retrieved January 2, 2025. LPL Financial added another customer to its burgeoning business serving as the wealth management platform for banks, credit unions, and other financial-services companies.
  10. ^ Kelly, Bruce (August 15, 2017). "LPL Financial buys NPH, a broker-dealer network with 3,200 advisers". Investment News. Retrieved January 2, 2025. After weeks of speculation, LPL Financial said on Tuesday it had completed the purchase of National Planning Holdings Inc., an independent broker-dealer network with 3,200 advisers. The deal is structured as an asset purchase with an initial price of $325 million. LPL will also make a contingent payment of up to $123 million in the first half of next year that depends on the level of advisers and revenue that eventually move to LPL, the company said in a statement.
  11. ^ "LPL Financial Announces the Acquisition of AdvisoryWorld". The Wealth Advisor. December 3, 2018. Retrieved January 2, 2025. Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. announced it has acquired technology firm AdvisoryWorld…AdvisoryWorld is a Carlsbad, California-based technology company founded in 1987, which serves more than 30,000 U.S. financial advisors and institutions. Its suite of products includes proposal generation, investment analytics and portfolio modeling capabilities that serve the wealth management industry.
  12. ^ Tyagi, Shreya (August 21, 2020). "LPL Financial completes acquisition of Lucia Securities". Retrieved January 2, 2025. LPL Financial Holdings Inc. on Aug. 18 completed its acquisition of assets of San Diego-based broker/dealer Lucia Securities LLC. Lucia Securities serves more than $1.5 billion of client assets, which are anticipated to onboard to LPL Financial's platform by the end of the year. Lucia Securities' 20 advisers will join LPL Financial and will be doing business with the company and its subsidiaries as Lucia Capital Group.
  13. ^ Casperson, Nicole (October 27, 2020). "LPL Financial snaps up trading platform Blaze Portfolio". Retrieved January 2, 2025. LPL Financial announced Tuesday it closed a $12 million acquisition of Chicago-based trading platform Blaze Portfolio in a move to expand its trading and rebalancing technology for the firm's 17,000 financial advisers. The integration of Blaze's technology into the LPL ClientWorks platform will take about a year to complete, according to LPL Chief Investment Officer Burt White. LPL will retain Blaze's employees and continue to offer its services as a stand-alone tech product.
  14. ^ Levaux, Janet (April 30, 2020). "LPL Closes Waddell & Reed Deal, Adding 900 Reps". ThinkAdvisor. Retrieved January 2, 2025. LPL Financial has completed its purchase of Waddell & Reed Financial's wealth management business from Macquarie Management Holdings for roughly $300 million. More than 900 Waddell & Reed advisors have committed to join LPL's platform, the independent broker-dealer said late Friday.
  15. ^ Donachie, Patrick (November 3, 2022). "LPL to Acquire One of Its Own Branch Offices for the First Time". Retrieved January 2, 2025. LPL Financial is acquiring one of its own branch offices that manages about $40 billion in advisory and brokerage assets, the firm announced. The deal marks the first time LPL has purchased one of its own branches. Financial Resources Group Investment Services (FRGIS) is an LPL branch office based in Fort Mill, S.C., working with about 800 advisors and 85 banks and credit unions throughout the country. The firm will keep its brand and leadership team after the acquisition, which is expected to close early next year.
  16. ^ Fu, Lisa (August 24, 2023). "Prudential to Shift $50 Billion in Assets to LPL from Fidelity". Retrieved January 2, 2025. Prudential Financial Inc. is moving around $50 billion in client assets at its retail wealth management arm to LPL Financial's custody from Fidelity Investments, according to an announcement on Thursday. As part of the agreement, Prudential Advisors' roughly 2,600 brokers will use LPL as their broker-dealer. The transition is expected to be completed late next year.
  17. ^ Welsch, Andrew (February 13, 2024). "LPL's Stock Is on a Tear. This Big Acquisition Is the Reason Why". Barron’s. Retrieved January 2, 2025. LPL Financial said it will buy Atria Wealth Solutions, a wealth management company supporting approximately 2,400 advisors and 150 banks and credit unions, managing approximately $100 billion of brokerage and advisory assets.
  18. ^ Welsch, Andrew (September 4, 2024). "LPL Financial to Buy $9 Billion Wealth Management Firm The Investment Center". Barron’s. Retrieved January 2, 2025. LPL Financial is buying The Investment Center, an independent broker-dealer and registered investment advisor firm that has 240 advisors and oversees approximately $9 billion of client assets.
  19. ^ Braswell, Mason (January 4, 2021). "Finra Fines LPL $6.5 Million over Broad Supervisory Failures". AdvisorHub. Retrieved January 2, 2025. LPL has hired "third parties" to help it address the recordkeeping, fingerprinting, and consolidated report violations and has also 'commenced remediation efforts' by reviewing its record keeping systems and third party vendors to ensure compliance, Finra said.

Jon Gray (talk) 21:02, 2 January 2025 (UTC)[reply]

 Not Done. Request is purely promotional in intent. Axad12 (talk) 08:15, 3 January 2025 (UTC)[reply]
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