LPL Financial provides technology, brokerage, and investment advisory services through business relationships with independent financial advisors, registered investment advisors (RIAs), and financial institutions and their financial representatives. We offer access to a broad array of financial products and services to support them in providing financial advice and brokerage services to individual investors.

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,*supporting nearly 29,000 financial advisors, and approximately 1,100 institution-based investment programs and 570 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. 

*No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2025); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.

Recent events in the banking sector have heightened concerns over liquidity and safety of client cash balances. To help safeguard client cash balances, LPL’s cash management strategy seeks to mitigate risk with a focus on safety, security, and liquidity.  Client cash swept through the LPL Insured Cash Account (ICA) and LPL Deposit Cash Account (DCA) is federally insured.  ICA and DCA accounts are insurable by the FDIC up to $2,500,000 per client for an individual and $5,000,000 for joint accounts.

LPL Financial is a member firm of the Securities Investor Protection Corporation (SIPC). Membership provides account protection up to a maximum of $500,000 per client, of which $250,000 may be claims for cash. For an explanatory brochure, please visit www.sipc.org. Additionally, through London Insurers, LPL Financial accounts have additional securities protection to cover the net equity of client accounts up to an overall aggregate firm limit of $750,000,000 in the event a firm cannot meet its obligations to securities clients, subject to conditions and limitations.

The financial services industry is regulated by U.S. federal and state regulatory agencies and securities exchanges, as well as by nongovernment agencies, regulatory bodies, and securities exchanges. Throughout our history, we have invested heavily, with the benefit of our scale, in compliance capabilities to monitor our compliance with the extensive legal and regulatory requirements applicable to our business.  We also remain subject to regular auditing and examination by our various regulators to ensure we are continuing to meet these requirements.

LPL Financial utilizes our enterprise risk management framework to routinely examine the health of business partners with which we have relationships in order to assess risk to both ourselves and our advisors. This process includes research, financial analysis, and forward-looking measures of financial strength and sustainability. When necessary, business partners have been removed from our “approved” list until such time as they can effectively demonstrate a return to good standing.

LPL’s record-setting business performance, conservative balance sheet and strong capital position provide a solid foundation for weathering economic headwinds. We remain steadfast in our mission to take care of our advisors, so they can take care of their clients. And we will continue to be a source of strength and advocacy for financial professionals and institutions, with a focus on being a safe and stable custodian for their clients’ wealth.