LPL Financial Holdings Inc. LPLA

NASDAQ Finance USD

LPL Financial Holdings Inc. (LPLA) is a leading independent broker-dealer and registered investment advisor (RIA) custodian in the United States. The company provides a comprehensive technology platform, brokerage, and investment advisory services to financial advisors and institutions, enabling them to manage client assets and offer a wide range of financial products. LPLA serves independent financial advisors, financial advisors at financial institutions, and RIAs, supporting them with clearing, compliance, business development, and technology solutions. Its business model is primarily asset-based, generating revenue from advisory fees, commissions on product sales, asset-based fees from client cash and other assets, and various service and transaction fees, all facilitated through its extensive technology and service infrastructure.