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LPL Financial Holdings Inc. (LPLA)

40.26 Down 2.84(6.59%) 4:00PM EDT
|After Hours : 40.26 Down 0.00 (0.01%) 4:37PM EDT
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LPL Financial Holdings Inc.
75 State Street
Boston, MA 02109
United States - Map
Phone: 617-423-3644

Index Membership:N/A
Industry:Investment Brokerage - National
Full Time Employees:3,374

Business Summary 

LPL Financial Holdings Inc. operates as a holding company which through its subsidiaries provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. It operates through Independent Advisor Services and Institution Services segments. The company’s brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income products, and alternative investments, such as non-traded real estate investment trusts and business development companies; and insurance offerings comprise personalized advance case design, point-of-sale service, and product support for a range of life, disability, and long-term care products. It also provides fee-based advisory platforms and support solutions, which offers access to no-load/load-waived mutual funds, exchange-traded funds, stocks, bonds, conservative option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, the company offers cash sweep programs, including money market and insured bank deposit sweep vehicles; and provides fee-based and commission-based retirement solutions. Further, it provides other services, which include tools and services that enable advisors to maintain their practice; and administrative and custodial services to trusts for estates and families, as well as open architecture investment management solutions to trust departments of financial institutions. Additionally, the company offers solutions and consulting services to registered investment advisors, banks, and trust companies. It provides services to approximately 13,600 independent financial advisors; and financial advisors at approximately 700 financial institutions. LPL Financial Holdings Inc. was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. The company is based in Boston, Massachusetts.

Key Statistics

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Corporate Governance 
LPL Financial Holdings Inc.’s ISS Governance QuickScore as of Oct 1, 2014 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 3; Compensation: 1.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Mark S. Casady , 53
Chairman and Chief Exec. Officer
Mr. Robert J. Moore , 52
Pres and Pres of Advisor & Institution Solutions for LPL Financial
Mr. Dan H. Arnold , 49
Chief Financial Officer
Mr. David P. Bergers , 46
Managing Director of Legal & Gov. Relations and Gen. Counsel
Mr. Derek J. Bruton , 46
Managing Director and National Sales Mang. for Independent Advisor Services
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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