LPL Financial Independent Advisor Model

Independent Advisor Model

Independence isn’t a business model—it’s a set of beliefs about how you serve your clients. Whatever your vision for the future may be, LPL Financial’s comprehensive support, technology, research, and broad range of innovative business models can help you pursue the freedom and rewards that come with building your own business.

Your practice, your way

As an independent advisor, you own your client relationships and the associated book of business, and you can retain more of the revenue you generate through our bonus payout structure. We’re committed to supporting every advisor and every kind of practice with independent research, enterprising compliance proficiency, state-of-the-art technology, and dedicated resources to foster business success.

No matter how carefully you have run your practice, there are often factors beyond your control, such as the recent increases in government regulations and deteriorating margin conditions.

At LPL Financial, we understand the challenges of today’s financial environment, and specifically the effect these changes have had on broker/dealers and on advisors’ practices. When you partner with LPL Financial, you’re affiliated with the largest independent broker/dealer in the country.* We want to partner with you to ensure the success of your practice for years to come.

Enhanced practice efficiency

Your focus as an independent advisor is to service your clients and build your business. Making the most of every minute counts—saving time and effort on administrative or managerial tasks allows for more time to build quality client relationships.

LPL’s streamlined suite of productivity tools help reduce the time you spend managing documents, gathering client signatures, and even making trips to the bank. That’s valuable time you can spend on activities that drive growth and your vision of independence.

Our single sign-on, mobile-friendly web portal, ClientWorks, gives you easy access to:

  • Account analytics dashboards
  • Enhanced money movement and trading capabilities
  • A wide range of nonproprietary investment products and plans
  • Objective research and analysis on investment products and market trends from our industry-leading Research team
  • Customer relationship management (CRM) and portfolio management tools
  • Performance reporting
  • Comprehensive financial planning tools
  • Automated fee calculation and billing
  • Marketing advice and support

Business model choice

Learn more about the business model options available to you at LPL Financial, then choose the one that’s the right fit for your practice.

Transitioning your business

Learn the truth about transitioning, and how a move could be the best business decision you make.

Your LPL representative

Our dedicated team has broad expertise in the financial services industry and is ready to help you find the ideal environment in which to grow.

*As reported by Financial Planning magazine, June 1996—2019, based on total revenue.