LPL Financial Holdings Inc. (LPLA) Price and Market Data

LPL Financial Holdings Inc. is the largest independent broker-dealer in the United States, with more than 32,000 financial advisors affiliated with its platform and approximately 11 million customer accounts as of the end of 2025. The company generates most of its profit from interest income on client cash balances, as well as advisory fees and commissions linked to the $2.4 trillion in assets under management or administration on its platform at year-end 2025. LPL Financial focuses on delivering turnkey wealth management solutions for affiliated independent advisors while offering a broad range of affiliation models, from traditional employee arrangements to a pure RIA custody platform. It also earns additional revenue from recordkeeping fees and from providing software tools and support services to its advisor network.