LPL Financial Holdings Inc. LPLA

What this company does

LPL Financial Holdings Inc. supports more than 32,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $2.4 trillion in brokerage and advisory assets. The company had approximately 10,000 employees as of December 31, 2025. LPL Financial LLC, a subsidiary, operates as a clearing broker-dealer and investment adviser that clears and settles customer transactions. Advisors licensed with LPL Financial conduct fee-based business on the company's corporate registered investment adviser platform as investment adviser representatives, or commission-based business on its brokerage platform as registered representatives. The company also supports approximately 600 independent firms operating as separate registered investment advisers, known as Independent RIAs, with approximately 6,240 advisors conducting business through those entities. It also provides outsourced clearing, advisory platforms and technology solutions to approximately 4,200 additional financial advisors affiliated and licensed with insurance companies. LPL Financial Holdings Inc., the parent of the business, was incorporated in Delaware in 2005.

Written from the business description in LPL Financial Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.