# LPL Financial

> LPL Financial is a publicly traded wealth-management infrastructure company that supplies independent advisors and financial institutions with brokerage and advisory platforms, custody, clearing, compliance, research, technology, and business support. Its real customer is usually the professional across the desk from the investor: more than 32,000 advisors and roughly 1,100 institutions use LPL to serve about 8 million Americans, with approximately $2.6 trillion in brokerage and advisory assets reported in August 2026.

- **Founded:** 1989
- **Headquarters:** San Diego, United States
- **Founders:** Todd Robinson (Co-founder and former chairman), Dave Butterfield (Co-founder and former vice chairman), Jim Putnam (Co-founder and former vice chairman)
- **Team size:** Approximately 9,900 employees as of March 31, 2026
- **Products:** Brokerage and advisory platform, Custody, clearing and operations, ClientWorks, Guided Wealth Portfolios, Business Solutions
- **Notable:** Became self-clearing in 2000, giving the firm direct control over securities processing., Listed on Nasdaq under LPLA in 2010; the A was chosen to stand for advisors., Entered the Fortune 500 in 2021.

## Products & services

- **Brokerage and advisory platform** — Transaction-based brokerage and fee-based advisory programs, including corporate RIA, independent RIA and hybrid structures.
- **Custody, clearing and operations** — Asset custody, trade execution, account servicing, reporting and operational infrastructure; LPL became self-clearing in 2000.
- **ClientWorks** — Advisor operating system for client records, account opening, trading, workflows and practice administration.
- **Guided Wealth Portfolios** — Digitally delivered investment solution that combines technology with personalized advisor support.
- **Business Solutions** — Practice-management, marketing, staffing, consulting and business-growth services for advisors.
- **Linsco by LPL Financial** — Employee affiliation model designed to preserve advisor ownership of client relationships with W-2 support.
- **Strategic Wealth Services** — Supported-independence model that supplies launch capital and an extended team for day-to-day practice operations.
- **Liquidity & Succession** — Capital and transition support for advisors monetizing, acquiring or transferring practices.
- **Private Wealth Management** — Affiliation and specialist capabilities for advisors serving high-net-worth and ultra-high-net-worth clients.
- **Advisor Growth Study and Index** — A data-backed research and diagnostic system derived from six years of activity across more than 14,000 advisors.
- **LPL Latitude and Cyan** — Unified advisor technology experience and embedded AI agent intended to connect data, workflows, cybersecurity and contextual guidance.

## Achievements

- Became self-clearing in 2000, giving the firm direct control over securities processing.
- Listed on Nasdaq under LPLA in 2010; the A was chosen to stand for advisors.
- Entered the Fortune 500 in 2021.
- Reported $16.99 billion in 2025 revenue, up 37% from 2024.
- Served more than 32,000 advisors and approximately 1,100 institutions by 2026.
- Reported approximately $2.6 trillion in brokerage and advisory assets in August 2026.
- LPL and Commonwealth ranked second and first, respectively, in the 2026 J.D. Power independent-advisor satisfaction segment.
- Invested nearly $2 billion over three years in technology modernization, cybersecurity and an AI foundation, according to its Focus 2026 announcement.

## Latest updates

- **2026-08** — At Focus 2026, LPL showcased Latitude, its unified technology experience, and Cyan, an AI agent embedded into advisor workflows.
- **2026-08** — LPL Research introduced building-block model portfolios intended to expand advisor customization and choice.
- **2026-07** — LPL reported second-quarter net income of $379 million, or $4.74 per share.
- **2026-07** — Commonwealth and LPL ranked first and second in the independent-advisor segment of the 2026 J.D. Power advisor satisfaction study.
- **2026-06** — LPL and PGA of America announced a four-year marketing partnership scheduled to debut in 2027.
- **2025-08** — LPL closed its approximately $2.7 billion acquisition of Commonwealth Financial Network, which supported about 3,000 advisors and $305 billion in assets at closing.

## Links

- Website: https://www.lpl.com/
- LinkedIn: https://www.linkedin.com/company/lpl-financial
- Twitter/X: https://twitter.com/LPL
- YouTube: https://www.youtube.com/@lplfinancial
- Instagram: https://www.instagram.com/lpl_financial/
- Facebook: https://www.facebook.com/LPLFinancialLLC/

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Profile page: https://yespress.io/lpl-financial
Published by YesPress — https://yespress.io
Last updated: 2026-08-11