OverviewSuggest Edit

LPL Financial is a company providing a platform for brokerage and investment advisory services to independent financial advisors. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income products, insurance, and alternative investments, such as non-traded real estate investment trusts and business development companies. The company also offers fee-based advisory platforms and support, which provides access to no-load/load-waived mutual funds, exchange-traded funds, stocks, bonds, conservative option strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities.
TypePublic
Founded1989
HQSan Diego, CA, US
Websitelpl.com
Employee Ratings3.7
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)4,756(+10%)
Job Openings691
Revenue (FY, 2020)$5.9 B(+5%)
Share Price (Sept 2021)$145.6(+2%)
Cybersecurity ratingBMore

Key People/Management at LPL Financial

Dan H. Arnold

Dan H. Arnold

President and Chief Executive Officer
Matthew J. Audette

Matthew J. Audette

Managing Director, Chief Financial Officer
Matthew Enyedi

Matthew Enyedi

Managing Director, Business Solutions
Sallie R. Larsen

Sallie R. Larsen

Managing Director, Chief Human Capital Officer
Ed Fandrey

Ed Fandrey

Managing Director and Divisional President, Advisor Solutions
Michelle Oroschakoff

Michelle Oroschakoff

Managing Director, Chief Legal Officer
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LPL Financial Office Locations

LPL Financial has offices in San Diego, Austin, Boston and Fort Mill
San Diego, CA, US (HQ)
4707 Executive Dr
Austin, TX, US
13620 N FM 620 building c, suite 200
Boston, MA, US
75 State St
Fort Mill, SC, US
1055 LPL Way
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LPL Financial Financials and Metrics

LPL Financial Revenue

LPL Financial's revenue was reported to be $5.87 b in FY, 2020 which is a 4.4% increase from the previous period.
USD

Revenue (Q1, 2021)

1.7b

Net income (Q1, 2021)

129.6m

Market capitalization (15-Sept-2021)

11.6b

Closing stock price (15-Sept-2021)

145.6

Cash (31-Mar-2021)

839.1m

EV

13.1b
LPL Financial's current market capitalization is $11.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

5.2b5.6b5.9b

Revenue growth, %

8%4%

Sales and marketing expense

208.6m205.5m208.3m

Operating expense total

4.5b4.7b5.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.4b1.4b1.4b1.5b1.4b1.5b1.7b

Sales and marketing expense

51.3m41.4m61.7m57.4m44.5m58.0m54.2m

Operating expense total

1.1b1.2b1.2b1.2b1.2b1.3b1.5b

Depreciation and amortization

39.6m38.8m24.1m43.2m43.6m44.4m52.9m
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

511.1m590.2m808.6m

Accounts Receivable

412.9m434.0m405.1m

PP&E

461.4m533.0m582.9m

Goodwill

1.5b1.5b1.5b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

439.5m559.9m472.6m

Depreciation and Amortization

147.9m161.1m177.1m

Accounts Payable

(11.9m)107.9m297.2m

Cash From Operating Activities

581.6m623.9m789.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

155.4m301.5m433.2m155.6m257.3m361.1m129.6m

Depreciation and Amortization

39.6m78.5m118.8m43.2m86.8m131.2m52.9m

Accounts Payable

(172.0m)(190.8m)168.6m270.0m(24.4m)94.1m(61.4m)

Cash From Operating Activities

35.2m(54.4m)509.8m381.2m338.1m463.7m60.4m
USDFY, 2018

EV/CFO

12.1 x

EV/FCF

15.7 x

Revenue/Employee

1.2m

Debt/Equity

2.4 x

Debt/Assets

0.4 x

Financial Leverage

5.6 x

P/E Ratio

12.6
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LPL Financial Operating Metrics

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LPL Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
BlazePortfolioOctober 27, 2020$12 m
Lucia SecuritiesAugust 28, 2020
AdvisoryWorldDecember 03, 2018$28 m
National Planning HoldingsAugust 15, 2017$325 m
Fortigent, LLCApril 23, 2012
AdvisoryWorld
Allen & Company of Florida, LLC
AW Subsidiary, Inc.
Blaze Portfolio Systems LLC
Fortigent Holdings Company, Inc.
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LPL Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

LPL Financial Online and Social Media Presence

Embed Graph

LPL Financial Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A+

    79/100

  • Compensation

    C+

    69/100

  • Diversity

    B

    74/100

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LPL Financial News and Updates

LPL Financial Foundation Forms Two New Partnerships to Encourage Equity in Our Industry and Communities

CHARLOTTE, N.C., Sept. 15, 2021 (GLOBE NEWSWIRE) -- The LPL Financial Foundation today announced two new charitable partnerships aligned to the foundation’s focus on advancing the economic well-being of underserved populations, with an emphasis on increasing the diversity of the financial services…

LPL Financial Hires Cara Dailey as New Chief Data Officer

CHARLOTTE, N.C., Sept. 13, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) announced today that Cara Dailey has joined the firm as executive vice president, Chief Data Officer, effective Sept. 13. She leads the firm’s Data and Analytics team in a newly-created role designed to accelerate …

LPL Financial Welcomes Family-Run Vande Bossche Financial Planning & Wealth Management

CHARLOTTE, N.C., Sept. 09, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisor John Vande Bossche and the team at Vande Bossche Financial Planning and Wealth Management have joined LPL Financial’s broker-dealer, corporate registered investment advisor (R…

LPL Financial Welcomes Corpus Christi Financial Group

CHARLOTTE, N.C., Sept. 07, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Corpus Christi Financial Group has joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. The advisors reported having served approximately $400 million …

Forbes Lists Three LPL Financial Advisors Among 2021 Top Wealth Advisors

CHARLOTTE, N.C., Sept. 02, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that three LPL advisors were recognized among the 2021 Top Wealth Advisors list published recently by leading business magazine Forbes. Against the backdrop of the COVID-19 pandemic, this year’s list acknowledges…

All Women Team, Taylor Wealth Management, Joins LPL Financial

CHARLOTTE, N.C., Aug. 31, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) announced today that financial advisor Allison Taylor and the team at Taylor Wealth Management have joined LPL Financial’s broker-dealer, corporate registered investment advisor (RIA) and custodial platforms. Taylor…
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LPL Financial Frequently Asked Questions

  • When was LPL Financial founded?

    LPL Financial was founded in 1989.

  • Who are LPL Financial key executives?

    LPL Financial's key executives are Dan H. Arnold, Matthew J. Audette and Matthew Enyedi.

  • How many employees does LPL Financial have?

    LPL Financial has 4,756 employees.

  • What is LPL Financial revenue?

    Latest LPL Financial annual revenue is $5.9 b.

  • What is LPL Financial revenue per employee?

    Latest LPL Financial revenue per employee is $1.2 m.

  • Who are LPL Financial competitors?

    Competitors of LPL Financial include Upstox, Southside Bancshares and SVB Financial Group.

  • Where is LPL Financial headquarters?

    LPL Financial headquarters is located at 4707 Executive Dr, San Diego.

  • Where are LPL Financial offices?

    LPL Financial has offices in San Diego, Austin, Boston and Fort Mill.

  • How many offices does LPL Financial have?

    LPL Financial has 4 offices.