LPL Financial Named No. 1 Mega RIA on Barron’s 2025 Top RIA Ranking

SAN DIEGO — Oct. 23, 2025 — LPL Financial LLC, a leading wealth management firm, has been named the No. 1 Mega RIA* on Barron’s 2025 Top RIA Ranking, recognizing the firm’s leadership in empowering independent financial advisors and delivering exceptional service across the industry.

Barron’s evaluates and ranks the nation’s top registered investment advisors using a comprehensive methodology that includes factors such as assets under management, growth, client retention, and the strength of each firm’s practices. The rankings aim to highlight excellence among firms of varying scale and service models. LPL Financial was ranked first in the Mega RIA category, which recognizes some of the largest independent advisory firms in the country.

The ranking highlights LPL’s growth and innovation in the independent wealth management space. LPL’s advisor-centric approach and scalable solutions have positioned the firm as a leader among the largest RIAs in the country, serving advisors and clients with flexibility and confidence.

“Being named the number one Mega RIA by Barron’s is an honor and a testament to LPL’s advancement in the RIA space,” said Marc Cohen, Chief Growth Officer at LPL Financial. “By continuing to invest in the services, support, and capabilities of LPL’s RIA, we’ve built a platform where advisors can grow with confidence. We’re grateful for the trust our advisors place in us — this recognition reflects their dedication to their clients and their commitment to independence. We remain focused on continuing to advance our platform so our advisors can thrive on their terms.”

This recognition affirms LPL’s commitment to advisor independence, backed by the support and flexibility needed to serve clients with confidence. Whether through RIA or a range of affiliation models, LPL continues to lead the industry in delivering scalable, advisor-centric solutions.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. Figures provided as of June 30, 2025. For further information about LPL, please visit www.lpl.com.

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*LPL Financial was ranked #1 of 9 Mega RIA firms with over $90 billion in assets and 1000+ staff collectively representing nearly half the assets of all 109 ranked Top RIA firms. Results based on data submitted by 238 pre-qualified firms to Barron’s as of June 30, 2025 involving a combination of quantitative and qualitative metrics – including size, growth, service quality, technology, succession planning, advisors’ experience, client retention, diversity, charitable work and compliance record. The ranking was issued September 12, 2025 and did not require a fee to participate.  This recognition is not an endorsement nor is it indicative of any one client’s experience with LPL Financial, past investment performance or future returns.