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Working At LPL Financial

Zippia Score 4.8

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 $84,473 per year. Pay at LPL Financial is significantly lower than some of its highest paying competitors, like BNP Paribas, Credit Suisse, and Deutsche Bank, which pay $116,886, $110,035, and $108,153, 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

Diversified Financial Services

Revenue

$5.2B

Employees

4,229

Founded in

1968

Headquarters

Boston, MA

Website

lpl.com

Website

lpl.com

Organization Type

Public

Is This Your Company?

The team at LPL Financial

Key People
  • Dan Arnold (ceo)

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LPL Financial Rankings

LPL Financial is ranked #49 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 $84,473 per year. Employees in the top 10 percent can make over $153,000 per year, while employees at the bottom 10 percent earn less than $46,000 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 $84,473 per year, but different jobs can earn drastically different salaries. The higher paying positions at LPL Financial include Vice President, Product Management, Vice President Technology Services, Finance Advisor, and Investment Advisor. A typical Vice President, Product Management salary at LPL Financial is $168,113 per year. Other roles at LPL Financial include Administrative Associate and Service Center Representative. A Administrative Associate at LPL Financial earns an average yearly salary of $35,202.

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 Employee Political Affiliation

0

Employee Political Donations

NameDonation
Edward LanznerExaminer
$10,375Democratic Party
Stephanie BrownAttorney
$6,950Republican Party
William BakerFinance Advisor
$5,000Republican Party
Mark CasadyChief Executive Officer
$4,500Republican Party
Robert MooreExecutive
$4,500Republican Party
Kevin SupkaFinance Advisor
$3,000Republican Party
Linda ConwayPrincipal
$2,900Republican Party
Paul JefferyFinancial Ad
$2,750Democratic Party
Philip GriggsPrincipal
$2,500Republican Party
William FlynnFinance Advisor
$2,500Republican Party
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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 INVESTMENT CENTERS OF AMERICA, Independent Financial Marketing Group, and LPL Holdings. Employees at the parent company, LPL Financial, earn $84,473. In comparison, the salaries at INVESTMENT CENTERS OF AMERICA, Independent Financial Marketing Group, and LPL Holdings are $61,118, $57,580, and $50,765.
Company
INVESTMENT CENTERS OF AMERICACapital Markets

Avg: $61,118

Independent Financial Marketing GroupCapital Markets

Avg: $57,580

LPL HoldingsCapital Markets

Avg: $50,765

LPL Financial Competitors

Some of the competitors of LPL Financial are BNP Paribas, Credit Suisse, and Deutsche Bank. Employees at BNP Paribas earn more than most of the competition, with an average yearly salary of $116,886. The salaries at Credit Suisse average $110,035 per year, and the salaries at Deutsche Bank come in at $108,153 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 diversified financial services 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, Ameriprise Financial, Morgan Stanley, Wells Fargo, Fidelity Investments, LPL Holdings Inc., Independent Financial Marketing Group Inc., INVESTMENT CENTERS OF AMERICA, John Hancock Investments, Wachovia Securities Financial Holdings, LLC, Prudential Financial, UBS Americas Inc., BNP Paribas, Deutsche Bank, BlackRock, Charles Schwab, Brown Brothers Harriman & Co., T. Rowe Price, The Bank of New York Mellon, Credit Suisse.

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.