LPL Financial Holdings Inc. (LPLA)
Financials ยท Security & Commodity Brokers, Dealers, Exchanges & Services
LPL Financial Holdings Inc. (LPLA) is listed on Nasdaq, where its shares have traded since November 18, 2010. SentiSense covers LPL Financial Holdings Inc. in the Financials sector, and its Standard Industrial Classification is Security & Commodity Brokers, Dealers, Exchanges & Services. Richard Steinmeier is its chief executive officer. The company reports 10,081 employees, and its corporate website is www.lpl.com.
About LPL Financial Holdings Inc.
LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2.4 trillion in client assets under management or advisory affiliated with its platform at the end of 2025. The firm earns the lion share of its profit from interest income earned on client cash balances and from advisory fees, commissions, and asset-based fees. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.
Institutional ownership
In 13F filings for the quarter ended June 30, 2026, 753 institutions reported holding LPLA, with 82.7 million shares worth $23.3 billion in aggregate. The largest reported holders were Vanguard, BlackRock and Dodge & Cox.
More on LPLA
- LPLA sentiment: whether news and social coverage of LPL Financial Holdings Inc. leans bullish or bearish, and the stories driving it.
- LPLA ownership: all 753 reporting institutions, plus insider and congressional trades.
- LPLA financials: revenue, net income, operating margin and free cash flow by quarter and year.
Frequently asked questions
What does LPL Financial Holdings Inc. do?
LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2.4 trillion in client assets under management or advisory affiliated with its platform at the end of 2025.
What sector is LPLA in?
SentiSense classifies LPL Financial Holdings Inc. in the Financials sector, and its Standard Industrial Classification is Security & Commodity Brokers, Dealers, Exchanges & Services.
Where does LPLA stock trade?
LPL Financial Holdings Inc. (LPLA) is listed on Nasdaq, where its shares have traded since November 18, 2010.
Who is the CEO of LPL Financial Holdings Inc.?
Richard Steinmeier is the chief executive officer of LPL Financial Holdings Inc..