LPL Financial Holdings Inc

LPL Financial Holdings Inc. (Nasdaq: LPLA) is a wealth management firm operating in the financial advisor-mediated marketplace. The company supports more than 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.6 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. LPL provides a range of advisor affiliation models — including independent broker-dealer, corporate RIA, independent RIA, and hybrid RIA platforms — along with investment solutions, fintech tools, and practice management services. Revenue is primarily derived from advisory fees, commissions on brokerage transactions, asset-based fees from client cash programs and product sponsorships, and service and transaction fees. The company also operates a liquidity and succession solution that helps advisors with practice transitions and acquisitions. LPL's subsidiaries include LPL Financial LLC and LPL Enterprise, LLC, both registered investment advisers and broker-dealers, as well as The Private Trust Company, N.A. and Commonwealth Equity Services, LLC. Updated Jul 30, 2026