Skip to main content

LPL Financial Earns Spot Among 2021 Fortune 500 List

Written by Customer Service on . Posted in Public Companies.

SAN DIEGO, June 03, 2021 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (Nasdaq: LPLA) today announced its inclusion in the 2021 Fortune 500 ranking for the first time in the company’s history. LPL was ranked No. 466 among the esteemed list of the largest U.S. companies ranked by annual revenue. LPL reported record revenue of $5.9B in 2020, an increase of nearly 37% over the last three years.

“The performance of our company is a testament to the extraordinary work our financial advisors do for their clients and the dedication of our team to deliver on our mission to take care of our advisors so they can take care of their clients,” said Dan Arnold, LPL CEO and president. “We maintain an unwavering commitment to advisor independence, a model that is increasingly preferred by both advisors and investors as the marketplace seeks choice, transparency and personalized experiences.”

LPL’s inaugural appearance on the Fortune 500 list is a reflection of the company’s accelerated growth over the last few years. LPL was founded in 1989 to support independent financial advisors, guided by a belief that Americans deserve access to objective advice from a trusted financial advisor. LPL believes the model is best for both advisors and investors, giving advisors the freedom and flexibility to build their perfect practice and place the needs of their clients at the center of the relationship.

The company’s total advisory and brokerage assets grew to $500 billion by 2016, and have doubled over the last five years to surpass $1 trillion, as of April 30, 2021. Today, LPL has more than 4,800 employees aligned as one team on one mission to support more than 18,000 advisors and 800 financial institutions, who serve more than six million investor accounts.

Arnold added, “As we continue to grow, we enhance our ability to make investments in new capabilities and solutions to further power advisors’ businesses. It is through partnership with our advisors that LPL strives to continue to lead into the future of advice.”

In its 67th year, the Fortune 500 ranks U.S. companies based on a review of the prior year’s total revenue and factors such as profits after taxes, year-end assets and total stockholders’ equity. For the complete 2021 Fortune 500 list, visit http://fortune.com/fortune500.

About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

* Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report)

Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/SIPC. 

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Connect with Us!

https://twitter.com/lpl

https://www.linkedin.com/company/lpl-financial

https://www.facebook.com/LPLFinancialLLC

https://www.youtube.com/user/lplfinancialllc

Media Contact:
Lauren Hoyt-Williams
(980) 321-1232
Lauren.Hoyt-Williams@lpl.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.