LPL Financial Hosts 3-Day 2021 Focus Conference

SAN DIEGO – Aug. 4, 2021 – LPL Financial LLC today announced the kickoff of the firm’s annual Focus conference, gathering more than 13,000 attendees—including LPL-affiliated advisors, institutional clients, RIAs and staff—for three days to build community, share business ideas and gain valuable insights from LPL executives and industry leaders. The conference, held virtually this year, comes on the heels of the firm’s second quarter earnings, where LPL reported continued success in organic growth and advisor retention, as well as a new high of $1.1 trillion in total brokerage and advisory assets.

LPL executives shared the firm’s focus on flexibility and personalization to further enable advisors, RIAs and institutions to build their perfect practice and expand their capacity to serve the growing demand for advice. President and CEO Dan Arnold said, “We are being purposeful in designing solutions, not for thousands of advisors, but one that is personalized just for you. Evolving our personalization will be the hallmark of what we do now and throughout the next decade.”

Demand for advice grows

The demand for advice from an advisor continues to grow, with the market expected to reach $24 trillion by 2022. To help advisors compete, this year LPL plans to exceed $1.3 billion in investments in key areas such as technology, workforce and capital to support advisor growth.

“We're as committed as ever to helping you evolve your perfect practice for tomorrow and the next day. To do that, we will be more than a traditional broker-dealer, RIA or custodian. We will be an innovative modern solutions provider that is focused on financial advisors, financial institutions and RIAs,” Arnold said.

Focus continues through Friday, showcasing the latest resources, technology and capabilities that LPL clients can leverage to help them deliver a better client experience, operate more efficient practices and build more value in their businesses.

About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 19,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to objective guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

*Top RIA custodian (Cerulli Associates, 2019 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine June 1996-2020); No. 1 provider of third-party brokerage services to banks and credit unions (2019-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 500 as of June 2021

Securities and Advisory services offered through LPL Financial LLC, a registered investment advisor. Member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC. We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

Forward-Looking Statements

Statements in this press release regarding the Company's future financial and operating results, growth, priorities and business strategies, including forecasts and statements relating to the amount and timing of  investments, and any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking statements. These forward-looking statements are based on the Company's historical performance and its plans, estimates and expectations as of August 4, 2021. Forward-looking statements are not guarantees that the investments, results, plans, intentions or expectations expressed or implied will be achieved. Matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, which may cause investments, product and service developments, actual financial or operating results, levels of activity or the timing of events to be materially different from those expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include changes in general economic and financial market conditions, including those that make planned investments impracticable or inadvisable; changes in the growth and profitability of the Company’s business; unanticipated difficulties or delays in developing and introducing improvements to LPL’s product and service offerings; the adoption by LPL’s current and prospective clients of LPL’s product and service offerings; changes in LPL’s business strategy and priorities; the effects of competition in the financial services industry and the success of the Company in attracting and retaining financial advisors and institutions; the effects of current, pending and future legislation, regulation and regulatory actions; the execution of the Company's plans and its success in realizing the synergies, expense savings, service improvements and efficiencies expected to result from its initiatives, acquisitions and programs; the effects of the COVID-19 pandemic, including efforts to contain it; and the other factors set forth in Part I, “Item 1A. Risk Factors” in the Company's 2020 Annual Report on Form 10-K, as may be amended or updated in the Company's Quarterly Reports on Form 10-Q or other filings with the Securities and Exchange Commission. 

Except as required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if its estimates change, and you should not rely on statements contained herein as representing the Company's views as of any date subsequent to the date of this press release.