LPL Financial overview

LPL Financial Holdings Inc was founded in 1968 and is considered the largest independent broker-dealer in the United States.
The staff at LPL Financial come from unusually diverse demographic backgrounds. The company is 38.0% female and 44.9% ethnic minorities. LPL Financial employees are more likely to be members of the Republican Party than the Democratic Party, with 60.2% of employees identifying as members of the Republican Party. But those numbers could change quickly because the turnover rate at LPL Financial is relatively high. Employees at LPL Financial stay with the company for an average of 2.4 years before leaving. The average employee at LPL Financial makes $81,127 per year. Pay at LPL Financial is significantly lower than some of its highest paying competitors, like Morgan Stanley, BNP Paribas, and Credit Suisse, which pay $119,629, $115,977, and $113,711, respectively.
Based in Boston, Massachusetts, LPL Financial is a key player in the finance industry with 4,229 employees and an annual revenue of $5.2B.

The Organization’s Mission

We believe that objective financial guidance is a fundamental need for everyone. We enable our clients to focus on what they do best-create the personal, long-term relationships that are the foundation for turning life's aspirations into financial realities.

Industry

Brokers & Exchanges

Revenue

$5.2B

Employees

4,229

Founded in

1968

Headquarters

Boston, MA

Website

lpl.com

Organization Type

Public

Is This Your Company?

The team at LPL Financial

Key People
  • Dan Arnold (ceo)

The Culture At LPL Financial

Information provided by the company
LPL is transforming our culture and our commitment to constantly improve the ease of doing business with us. Making it easier for advisors to do business with us is our No.
LPL is transforming our culture and our commitment to the ease of doing business. Making it easier for advisors to do business with us is our No.
A passion for investing and a dedication to providing superior research;.
At LPL Financial we consider it our mission to take care of our advisors so they can take care of their client.
That is why we share a passion for doing it ethically and exceedingly well.

LPL Financial Reviews

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3.0

Zippia UserFebruary 2020

3.0

Zippia Official LogoZippia UserFebruary 2020

What Do You Like About Working There?

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What DON'T You Like About Working There?

No room to grow, its hard to move up in the company at least in my department. Show More

What Are Your Favorite Benefits/Perks?

Gym membership Show More
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LPL Financial Rankings

LPL Financial is ranked #67 on the Best Finance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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LPL Financial Salaries

How much does LPL Financial pay?
The national average salary for an LPL Financial employee in the United States is $81,127 per year. Employees in the top 10 percent can make over $130,000 per year, while employees at the bottom 10 percent earn less than $50,000 per year.
9.2
Salary Score
Average Employee Earnings

LPL Financial Salaries By Job Title

The average employee at LPL Financial earns a yearly salary of $81,127 per year, but different jobs can earn drastically different salaries. The higher paying positions at LPL Financial include Vice President Technology Services, Vice President Of Information Technology, Investment Advisor, and Lead Developer. A typical Vice President Technology Services salary at LPL Financial is $147,430 per year. Other roles at LPL Financial include Office Administrator and Service Center Representative. A Office Administrator at LPL Financial earns an average yearly salary of $33,686.

LPL Financial careers

On average, employees at LPL Financial stay with the company for 2.4 years. Employees most commonly join LPL Financial after leaving Wells Fargo. When they leave LPL Financial, they most frequently get their next job at Wells Fargo.

Average Length of Employment
Raymond James3.1 years

LPL Financial

2.4 years
Top Employers Before LPL Financial
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Top Employers After LPL Financial
MetLife6.3 %
Intuit4.6 %
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LPL Financial Financial Performance

10.0
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1968

Organization type

Public

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LPL Financial Subsidiaries

Subsidiaries to LPL Financial include Independent Financial Marketing Group, LPL Holdings, and INVESTMENT CENTERS OF AMERICA. Employees at the parent company, LPL Financial, earn $81,127. In comparison, the salaries at Independent Financial Marketing Group, LPL Holdings, and INVESTMENT CENTERS OF AMERICA are $65,316, $55,844, and $55,321.
Company
Average Salary
INVESTMENT CENTERS OF AMERICA
INVESTMENT CENTERS OF AMERICA
$55,321
$55k

LPL Financial Competitors

Some of the competitors of LPL Financial are Morgan Stanley, BNP Paribas, and Credit Suisse. Employees at Morgan Stanley earn more than most of the competition, with an average yearly salary of $119,629. The salaries at BNP Paribas average $115,977 per year, and the salaries at Credit Suisse come in at $113,711 per year.

Frequently Asked Questions about LPL Financial

When was LPL Financial founded?

LPL Financial was founded in 1968.

How many Employees does LPL Financial have?

LPL Financial has 4,229 employees.

How much money does LPL Financial make?

LPL Financial generates $5.2B in revenue.

What industry is LPL Financial in?

LPL Financial is in the brokers & exchanges industry.

What is LPL Financial's mission?

LPL Financial's mission statement is "We believe that objective financial guidance is a fundamental need for everyone. We enable our clients to focus on what they do best-create the personal, long-term relationships that are the foundation for turning life's aspirations into financial realities."

What type of company is LPL Financial?

LPL Financial is a public company.

Who are LPL Financial's competitors?

LPL Financial competitors include Raymond James, Fidelity Investments, Ameriprise Financial, Morgan Stanley, LPL Holdings, Wells Fargo, Independent Financial Marketing Group, INVESTMENT CENTERS OF AMERICA, John Hancock Investments, Wachovia Securities Financial Holdings, UBS Americas, BNP Paribas, Deutsche Bank, Brown Brothers Harriman & Co., T. Rowe Price, Credit Suisse, Northern Trust, Ing Security Life Of Denver, The Bear Stearns Companies, Putnam Investments.

Who works at LPL Financial?

Dan Arnold (ceo)

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Zippia gives an in-depth look into the details of LPL Financial, including salaries, political affiliations, employee data, and more, in order to inform job seekers about LPL Financial. The employee data is based on information from people who have self-reported their past or current employments at LPL Financial. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of LPL Financial and its employees or that of Zippia.