LPL Financial

LPL Financial provides investment and financial advisory services for financial institutions. Read more

Dan Arnold's photo - President & CEO of LPL Financial

President & CEO

Dan Arnold

CEO Approval Rating

69/100

Founded:

1989

Status:

PublicIndependent CompanyNASDAQLPLA

Annual Revenue
Employees
Sector

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LPL FINANCIAL TOP COMPETITORS OR ALTERNATIVES

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Commonwealth Financial Network is one of LPL Financial's top rivals. Commonwealth Financial Network is a Private company that was founded in 1979 in Waltham, Massachusetts. Commonwealth Financial Network competes in the Diversified Investment Services industry. Compared to LPL Financial, Commonwealth Financial Network has 3,029 fewer employees.

Cetera is seen as one of LPL Financial's biggest rivals. Cetera was founded in 2010 in El Segundo, California. Cetera is in the Banks industry. Cetera generates $3.5B less revenue than LPL Financial.

Cambridge Investment Research is one of LPL Financial's top competitors. Cambridge Investment Research was founded in 1981, and its headquarters is in Fairfield, Iowa. Cambridge Investment Research is in the Investment Banking & Brokerage field. Cambridge Investment Research has 2,172 fewer employees than LPL Financial.

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LPL Financial Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$5.4B

LPL Financial's revenue is the ranked 21th among it's top 10 competitors. The top 10 competitors average 22B. Over the last four quarters, LPL Financial's revenue has grown by 14.9%. Specifically, in Q1 2021's revenue was $961.2M; in Q4 2020, it was $2.7B; in Q3 2020, it was $866.7M; in Q2 2020, LPL Financial's revenue was $836.7M.

LPL Financial Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

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Wealth Management Business, Waddell & Reed Financial, Inc.

Apr 2021

Source »
$300M
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Blaze Portfolio

Oct 2020

Source »
$12M
Blaze Portfolio develops a trade management software that offers portfolio rebalancing and tax planning solutions for investment advisors.
E.K. Riley Investments, LLC.

May 2020

Source »
undisclosed
E.K. Riley Investments provides brokerage and investment advisory services for individual investors and financial institutions.
Lucia Securities, LLC

Apr 2020

Source »
undisclosed
Lucia Securities is a brokerage consulting firm that provides investment and financial advisory services for individuals and businesses.
Allen & Company of Florida, Inc.

May 2019

Source »
undisclosed
Allen & Company provides advisory, retirement planning, investment and wealth management solutions for individuals and businesses.

These are all the companies that LPL Financial has acquired. LPL Financial has acquired 9 companies and its latest acquisition was Wealth Management Business, Waddell & Reed Financial, Inc. in Apr 2021.

LPL Financial Funding History

Since LPL Financial was founded in 1989, it has participated in 2 rounds of funding. In total LPL Financial has raised $869.7M. LPL Financial's last funding round was on May 2021 for a total of $400.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Debt
May 2021
$400M
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IPO
Nov 2010
$469.7M
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Since LPL Financial was founded in 1989, it has participated in 2 rounds of funding. In total LPL Financial has raised $869.7M. LPL Financial's last funding round was on May 2021 for a total of $400.0M

LPL Financial Investments

No recent investments found related to LPL Financial

These are all the companies that LPL Financial has invested in. LPL Financial has invested 9 companies and its latest investment was Wealth Management Business, Waddell & Reed Financial, Inc. in Apr 2021.

LPL Financial News

June 17, 2021MarketScreener

LPL Financial Welcomes Curtis Barnard Financial Services and Riverfront Financial Group

(marketscreener.com) CHARLOTTE, N.C., June 17, 2021 -- LPL Financial LLC today announced that financi... See more »
June 15, 2021The DI Wire

LPL Financial Recruits Former Northwestern Mutual Advisors

LPL Financial LLC, the nation's largest independent broker-dealer, has added financial advisors John ... See more »
June 10, 2021MarketScreener

LPL Financial, Bleakley Financial Group Welcome the Patterson Group & Steve Owings

(marketscreener.com) CHARLOTTE, N.C., June 10, 2021 -- LPL Financial LLC today announced that financi... See more »
June 10, 2021MarketScreener

in Top 100 Supporting Healthy Communities & Families

(marketscreener.com) CHARLOTTE, N.C. - June 10, 2021 - LPL Financial LLC today announced that the com... See more »

LPL Financial Press Releases

April 28, 2021GlobalNewswire

Seapoint Wealth Advisors Launches with Support of LPL Financial

CHARLOTTE, N.C., April 28, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced t... See more »
April 26, 2021GlobalNewswire

LPL Financial Welcomes Financial Advisor Dennis P. Durocher

The Wisconsin-based advisor joins Linsco by LPL The Wisconsin-based advisor joins Linsco by LPL... See more »
April 14, 2021GlobeNewswire

LPL Financial Welcomes Financial Advisor Kip Adams and Team

CHARLOTTE, N.C., April 14, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced t... See more »
April 12, 2021GlobalNewswire

NorthEnd Private Wealth Launches With Support of LPL Financial

CHARLOTTE, N.C., April 12, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced t... See more »
April 8, 2021GlobalNewswire

LPL Financial Welcomes Woods Financial Group

CHARLOTTE, N.C., April 08, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Woods Fina... See more »
March 24, 2021GlobeNewswire

LPL Financial Welcomes Progressive Financial Concepts

CHARLOTTE, N.C., March 24, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA) today announced t... See more »

LPL Financial Videos

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LPL Financial Headquarters

75 State Street 22nd Floor

Boston, Massachusetts02109

800-877-7210

Driving Directions »

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LPL Financial Summary

ABOUT

Overview

LPL Financial provides investment and financial advisory services for financial institutions. LPL Financial was founded in 1989. LPL Financial's headquarters is located in Boston, Massachusetts, USA 02109. It has raised 869.7M in 2 rounds. The latest ...

CEO

LPL Financial's President & CEO, Dan Arnold, currently has an approval rating of 69%. LPL Financial's primary competitors are Commonwealth Financial Network, Cetera & Cambridge Investment Research.

Website

lpl.com

Frequently Asked Questions about LPL Financial

  1. When was LPL Financial founded?

    LPL Financial was founded in 1989
  2. Who is LPL Financial's CEO?

    LPL Financial's CEO is Dan Arnold
  3. How much revenue does LPL Financial generate?

    LPL Financial generates $5.4B in revenue
  4. How much funding does LPL Financial have?

    LPL Financial has historically raised $869.7M in funding
  1. Where is LPL Financial's headquarters?

    LPL Financial's headquarters is in Boston Massachusetts, USA
  2. How many employees does LPL Financial have?

    LPL Financial has 4,229 employees
  3. Who are LPL Financial's competitors?

    LPL Financial's top competitors are Commonwealth Financial Network, Cetera, Cambridge Investment Research