Hybrid RIA Advisor

Hybrid RIA Advisor

Enjoy the freedom of choosing whether to offer fee- or commission-based business, or both as a Hybrid RIA, without the need of a third party to conduct trades. With LPL Financial’s platform and tools in place, you can streamline your business, reduce complexity, and offer clients a broad mix of investment management and planning services.

The right partner can help you seamlessly integrate solutions that will work for your business.

- Matt Enyedi, Executive Vice President, LPL Financial

The Hybrid RIA benefit

The LPL Financial Hybrid RIA model presents an opportunity for financial advisors who seek the flexibility to grow their practice and exert greater control over the investment strategies they offer clients. With the Hybrid RIA model, advisors join LPL's broker/dealer platform while maintaining their independent RIA firm.

The pathway you choose is contingent on how you can best serve the needs of your clients while operating and growing your business as you see fit. Should you select the LPL Hybrid RIA model, there are a range of benefits:

Access to a wide range of products:
Hybrid RIA advisors can offer access to commission-based products, such as annuities or alternative investments, as licensed registered representatives with LPL, eliminating the need to refer to a partner broker/dealer and forgo revenue.

Flexibility to divide business between fee-based activities and commission-based products:
With access to a wider range of investment products, advisors can broaden the scope of their services by offering commission-based products through their broker/dealer and fee business through their RIA. By choosing a business structure with the proper mix of these offerings that best suits client and practice needs, advisors can outsource fee calculation, billing, portfolio management, and reporting to LPL.

Easy transition to a new practice:
Moving to the LPL Hybrid RIA model allows advisors to continue serving existing clients who have opted for commission-based products. With the assistance of LPL’s Investment Transitions Consulting team, you can streamline the transition process and effectively transfer your book of business and your clients’ assets in a methodical, hassle-free manner.

Streamlining your Hybrid RIA practice

Our integrated platform and custodian service supports thousands of experienced financial advisors in Hybrid RIA practices. Bolstered by LPL’s strong research and dedicated compliance capacity, it’s designed to support both broker/dealer and custodial capabilities while providing clients with one consolidated statement.

Our web portal, ClientWorks, serves to simplify and streamline your practice operations from one convenient location. Featuring an impressive array of advisor tools and access to insightful research, analysis, and performance reporting, this mobile-friendly service will quickly become a dependable and valuable means to administer your business and execute its priorities. We can help you decide if the LPL Hybrid RIA model is right for you, assist with a smooth transition, and enable you to continue to grow and thrive.

RIA options

As you consider the pathways to lead your practice forward, the Hybrid RIA option is one of several viable choices you have available at LPL. Along with this model, the traditional LPL Corporate RIA can allow you to shift the burden of legal and compliance accountability while gaining greater control over practice structure and profitability. Click here to learn more about this independent advisor model.