A Wealth of Options for
Advisors and Enterprises

LPL Offers a Range of Business Models

Your business is as unique as you are. That’s why we partner with you to design customized solutions that meet your specific needs, now and in the future. Whether your goals are to grow your business, increase efficiency, improve profitability, leverage the latest technology, or achieve more operational flexibility, we work with you to achieve your vision.

For advisors, we offer a broad range of business models that enable you to build your perfect practice–whether brokerage or advisory focused and from fully independent to a fully supported practice. And for enterprises and institutions, we collaborate with your leadership team to develop a solution that minimizes risk while meeting the technology, service, and operational needs of your organization.


LPL Financial Creative Graphic


Linsco by LPL Financial is a unique employee model that embraces the spirit of independence without all the responsibilities that come from running a business.

Key Benefits:

  • You own your client relationships–we put it in writing–including the ability to sell your book of business in the future
  • A simple cash payout grid with no mandatory deferred compensation or required growth hurdles
  • The freedom to define, establish, and control your brand with LPL’s support

See how this worked for Tracy Applewhite and Sean Tyll below.

Strategic Wealth Services

Launch your entrepreneurial journey and outsource operational tasks with our supported independence model, Strategic Wealth Services. You own it, we run it together.

Key Benefits:

  • Dedicated launch team and complete start-up services with no out-of-pocket costs
  • Elite support teams for day-to-day operations, strategy, and execution
  • One bundled fee and access to transition capital

Learn why Mike Ashworth selected this option.


Our independent model offers a differentiated experience. We deliver the enhanced services and support you’ll need to grow your business and delight your clients.

Key Benefits:

  • One comprehensive wealth management partner
  • One technology platform that integrates with leading 3rd party providers
  • Tailored support for practice management and growth

Denika Tokunaga found what she needed with LPL.



More than just your custodian, we partner with your RIA to provide the flexible platform and top-tier support that allow you to serve your clients your way.

Key Benefits:

  • Dedicated relationship manager and service team
  • Concierge access to RIA consulting experts
  • Leading custodian 100% focused on advisors

See why Carr Burgoyne Jr. chose to partner with LPL.

Enterprises and Institutions

We partner with your enterprise or institution to help you find new ways to serve your clients, gain a competitive edge, and make your firm more profitable and successful.

Key Benefits:

  • One platform for advisory and brokerage
  • One partner offering cutting-edge technology, service, and strategic support
  • Ability to outsource specialized programs like compliance and recruiting

Learn why M&T Bank chose LPL.

Read Our Client Testimonials


sean tyll and tracy applewhite

Sean Tyll and Tracy Applewhite choose LPL’s employee model to build something special

Applewhite and Tyll weren’t ready to make the jump to fully operating a business on their own when they learned about Linsco by LPL Financial, a new employee model that allows them to work in a W-2 capacity with the full support of LPL. “This model was absolutely perfect for us,” Applewhite said. “We think it is going to be perfect for a lot of advisors who want to make that leap to independence but with less risk.”


mike ashworth

Mike Ashworth wishes he left the wirehouse for LPL’s Strategic Wealth Services model even sooner

Looking back to his time at the wirehouse, Ashworth notices a marked difference now that the headaches, red tape, and bureaucracy have been removed. As a business owner, he gets to decide where he wants to spend his times–with his clients–and assigns the tasks he’s not interested in to LPL. “I’ve gotten more new clients in the last year than I probably had gotten the previous three or four years, before coming here,” Ashworth said.


denika tokunaga

Denika Tokunaga left the wirehouse in 2014 to start her independent practice with LPL

Tokunaga was looking for a new way to do business–she wanted support without having the organization tell her what types of products to use for her clients. “As a sole practitioner, having the breadth and strength of all of LPL’s resources means everything to me,” she said. Tokunaga also sought a leading technology platform and is leveraging the “amazing” offering at LPL. “As a financial advisor, technology is everything,” she added. And not just any technology, “but the latest and greatest.”


carr burgoyne

Carr Burgoyne Jr.’s RIA has partnered with LPL since 2002

As president and founder of Symphony Financial, Burgoyne went through an exhaustive search to find the right partner for his RIA. LPL aligned with his company’s customer-centric values and this helped build a 20-year relationship. “LPL’s number one business is the advisor, and that shows in everything they do,” Burgoyne said. “It shows in the products they deliver, the software they put in front of us, and the service we get as well.”


m&t bank logo

After 25 years of running their own broker-dealer, M&T Bank made the decision to partner with LPL

M&T Bank outsourced their wealth management operations, technology, and compliance to LPL’s Institutions Services platform. “For a long time, we’ve had an interest in evolving our practice to a business model where there’s better, upgraded tools and a fully integrated model where advisors can do what they do best, which is give advice to clients,” said Matt McAfee, Senior VP & Head of Affluent Markets at M&T Bank.

Learn more about LPL’s offering and how we can partner with
you to create a customized solution