The performance of our company is a testament to the extraordinary work our financial advisors do for their clients, and the dedication of our team to deliver on our mission to take care of our advisors so they can take care of their clients.
Making history with a spot on 2021 list
For the first time in its history, LPL Financial earned a spot in the Fortune 500 ranking for 2021, placing us on an esteemed list of the largest U.S. companies ranked by annual revenue. Coming in at number 466, LPL’s record revenue of $5.9 billion for 2020 highlights a nearly 37% increase over the last three years.
This honor marks another milestone in LPL’s history that’s shared with each and every one of the more than 18,000 financial advisors and 4,800 employees who are part of our community. “The performance of our company is a testament to the extraordinary work our financial advisors do for their clients, and the dedication of our team to deliver on our mission to take care of our advisors so they can take care of their clients,” LPL CEO and President Dan Arnold said.
For all advisors, including those who may be considering LPL as their partner, this news highlights the value of independence in financial advice — and the advisor-centric model that LPL stands for. “We maintain an unwavering commitment to advisor independence, a model that is increasingly preferred by both advisors and investors as the marketplace seeks choice, transparency, and personalized experiences,” Dan said.
Building on our history
LPL was founded on the principle that the firm should work for the advisor, and not the other way around. For more than 30 years, we’ve remained steadfast in our commitment to the advisor-centered model, and the belief that Americans deserve access to objective guidance from a financial advisor.
We believe this model is best for advisors and investors. It gives advisors the freedom and flexibility to build their perfect practice and place the needs of their clients at the center of the relationship.
The growth and success of LPL – and our growing network of advisors and institutions – serve as proof points for the future of this model. In addition to earning this spot on the Fortune 500 list, LPL has grown from $500 billion in advisory and brokerage assets in 2016 to more than $1 trillion as of April 30, 2021. All of this growth enables us to do even more to serve the advisors and institutions who partner with us.
Investing in the future
As a financial advisor – whether you’ve been part of LPL for one, three, or 30 years – ideally, you already know when LPL grows, advisors reap the benefits. We’re here to serve you. Part of that commitment means continued investment in technology, solutions, and capabilities to help you run your practice and best serve your clients.
Even in a year as tumultuous as 2020, we were able to invest $1 billion in products and services to support our advisors. From new and upgraded technology to more employee support, our goal is to ensure our financial advisors and institutions are backed by the best the industry can offer.
“As we continue to grow, we enhance our ability to make investments in new capabilities and solutions to further power advisors’ businesses,” Dan Arnold said. “It is through partnership with our advisors that LPL strives to continue to lead into the future of advice.”
Learn more about what LPL can do for you
If you want to know what a partnership with LPL could mean for you, we invite you to learn more.
Fortune 500 ranks U.S. companies based on a review of the prior year's total revenue and factors such as profits after taxes, year-end assets and total stockholders' equity.
Throughout this communication, the terms “financial advisors” and “advisors” include registered representatives and/or investment adviser representatives affiliated with LPL Financial LLC, an SEC registered broker-dealer and investment adviser.