LPL Financial

Our Business Model

One of the distinguishing characteristics of our business model is our goal of generating significant free cash flow. LPL Financial does not engage in the business practices of investment banks or provide other alternative financial services. We do not engage in market-making activities nor do we engage in proprietary trading for our own account. Our trading activities are focused solely on facilitating trades for our advisors' clients, and not on speculative trading for the firm's own account. In addition we have no exposure to mortgage-related investments or securities, nor do we provide loans to hedge funds or other speculators.

What LPL Financial does provide is technology, brokerage, and investment advisory services through business relationships with independent financial advisors, registered investment advisors (RIAs), and financial institutions and their financial representatives, all of whom we refer to collectively as our "customers." We offer these customers access to a broad array of financial products and services to support them in providing financial advice and brokerage services to retail investors. Our financial advisors and institutions are our only customers; we do not market directly to investors.

Additional Partners