LPL Financial Holdings Inc. LPLA 71.17
Financials · NASDAQ · Data as of 2026-10-29
LPL Financial Holdings Inc. (LPLA) has delivered +16.5% annualized revenue growth, +19.6% earnings growth, and +0.4% dividend growth over 10 years of data. Ranked #230 of 1968 stocks overall and #51 of 212 in the Financials sector by Steady Score.
About LPL Financial Holdings Inc.
Company Overview
LPL Financial provides a technology and service platform for independent financial advisers and institutions. Advisers use it for brokerage execution, custody, compliance, reporting, research, clearing and practice management while serving household investors. Banks and credit unions can also offer investment programs through LPL. The company does not employ most affiliated advisers in the traditional branch-brokerage model.
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Business Model & Revenue
LPL earns fees based on advisory assets, commissions on brokerage transactions, cash spread revenue, account fees and services purchased by advisers. It passes a substantial portion of advisory fees and commissions to affiliated professionals. Revenue therefore depends on recruited and retained advisers, client assets, market levels, cash balances and interest rates. Scale supports investment in technology, custody and regulatory infrastructure.
Key Facts & Market Position
The platform sits behind thousands of adviser practices while allowing them to operate under independent brands and business models. This creates a two-sided relationship with advisers and their end clients rather than a conventional retail branch network. Recruiting transitions, service reliability, cybersecurity, supervision and regulatory compliance are central to maintaining assets on the platform.