LPL Financial was formed in 1989 through the merger of two small brokerage firms. Linsco & Private Ledger (founded in 1968 and 1973, respectively).

By merging these two companies, the founders of LPL sought to create a trusted alternative to Wall Street firms, one in which financial advisors could build highly competitive businesses while always doing what is right for their clients. Today, we are the largest independent broker/dealer in the country* supporting more than 16,000 financial advisors.

In 2005, LPL sold a 60% ownership stake to two private equity partners, Hellman & Friedman LLC and Texas Pacific Group, both strongly committed to maintaining the independence of the firm. In November 2010, the parent company of LPL, LPL Financial Holdings Inc., first became publicly traded on NASDAQ under symbol LPLA.

*As reported by Financial Planning magazine, 1996-2023, based on total revenue.

Reassurance and protection are paramount in the realm of financial services, which is why LPL proudly stands as a member of the Securities Investor Protection Corporation (SIPC). This membership serves as a shield for client accounts, offering coverage of up to $500,000, with $250,000 specifically allocated for cash claims, should the rare scenario of LPL encountering financial insolvency ever arise. For more in-depth details, a comprehensive brochure is available at www.sipc.org.

Additionally, clients with LPL accounts benefit from enhanced securities protection that extends to cover the net equity of client accounts up to a substantial aggregate firm limit of $575,000,000, subject to specific conditions and limitations. This added layer of security is underwritten by London Insurers through the esteemed Lloyds of London syndicates.

It is important to note that while this protection offers a robust safety net in instances of financial distress within a SIPC member firm, it does not safeguard against the inherent market fluctuations that may impact the value of investments.

This comprehensive coverage underscores LPL's unwavering dedication to meeting and exceeding your investment needs. Our unwavering focus remains on our valued advisors, financial institutions, and their clients, ensuring that we are steadfast in our commitment to assisting you in achieving your financial aspirations and objectives. Trust, transparency, and client protection are at the core of our mission as we continue to strive for excellence in serving your financial well-being.

Operating as a distinguished member firm of the Financial Industry Regulatory Authority (FINRA) and upholding compliance with federal securities laws and industry self-regulatory standards, LPL exemplifies a steadfast commitment to safeguarding client assets held in our custody. We approach our fiduciary duties with meticulous attention to detail, ensuring the highest level of care in adherence to financial protection regulations, particularly those pertaining to the segregation of advisor assets.

Within our Governance, Risk, and Compliance department, a culture of diligence prevails as we conduct thorough assessments of counter-party risk to proactively mitigate potential exposures.

Our adept team diligently scrutinizes all existing debits, credits, and the entities facilitating trades to ascertain their financial robustness and confirm that they do not pose any threat to LPL or our clients' interests. This rigorous monitoring process incorporates in-depth research, meticulous due diligence, comprehensive financial analysis, and forward-looking evaluations of financial viability and sustainability.

It is important to note that our services are not FDIC or NCUA insured, nor are they guaranteed by banks, credit unions, or any government agency. While these investments may fluctuate in value, our unwavering commitment to risk management and compliance measures ensures a steadfast focus on safeguarding the interests and financial well-being of our clients.