When was LPL Financial founded?

LPL Financial was founded in 1989 and raised its 1st funding round 16 years after it was founded.

Where is LPL Financial located?

LPL Financial is headquartered in San Diego, United States. It is registered at San Diego, California.

How many employees does LPL Financial have?

As of Aug 31, 2026, the latest employee count at LPL Financial is 14988.

Is LPL Financial a funded company?

LPL Financial is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Dec 28, 2005.

How much is LPL Financial worth?

The last known valuation of LPL Financial was $***** as of Mar 04, 2025.

When was the latest funding round of LPL Financial?

LPL Financial's latest funding was a $***** Conventional Debt round on Oct 2014, with participation from 0 investor.

What is the annual revenue of LPL Financial?

Annual revenue of LPL Financial is more than $1B as on Dec 31, 2025

Where does LPL Financial rank among its competitors?

LPL Financial ranks 4th amongst 4413 active competitors, of which 70 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Berkadia, which secured $56.6M in Dec, 2023.

Who are the top competitors of LPL Financial?

LPL Financial's top competitors include Alera Group, Focus Financial Partners and Raymond James. Among them, Berkadia secured the most recent funding round in December, 2023.

LPL Financial - 2026 Company Profile, Team, Funding, Competitors & Financials

LPL Financial is an acquired company based in San Diego (United States), founded in 1989. It operates as a Stock brokerage firm. LPL Financial has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 4413 active competitors, including 70 funded and 434 that have exited. Its top competitors include companies like Alera Group, Focus Financial Partners and Raymond James.

Company Details

In 2022, the company recorded annual revenues of $8.6B and a net profit of $0.84B.

Website: lpl.com
Social
Phone Number: +1 **********
Part Of
Registered Address: San Diego, California

Key Metrics

Founded Year

1989

Location

San Diego, United States

Stage

Acquired

Latest Funding Round

Conventional Debt, Oct 2014, $*****

Last Known Valuation

$***** as on Mar 04, 2025

Investors

Hellman & Friedman & 4 more

Ranked

4^th among 4413 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

14,988 as on Aug 31, 2026

Investment & Acquisitions

Mariner Wealth Advisors & 17 more

Similar Companies

Alera Group & 8560 more

Exit Details

Acquired by Inszone Insurance Services (Dec 27, 2023)

View LPL Financial's full profile

LPL Financial is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LPL FINANCIAL HOLDINGS INC. CIN: 20-3717839 , United States, Active	Oct 24, 2015	$1B+ (As on Dec 31, 2025)	8400 (As on Dec 31, 2023)	-
LPL FINANCIAL LLC CIN: 952834236 , United States, Active	Dec 26, 999	-	8946 (As on Dec 31, 2024)	-
WADDELL & REED FINANCIAL, INC. CIN: 510261715 , United States, Active	Dec 26, 999	-	16 (As on Dec 31, 2022)	-

LPL Financial got acquired by Inszone Insurance Services on Dec 27, 2023.

Click here to take a look at LPL Financial's acquisition in detail

LPL Financial has raised funding over 2 rounds. Its first funding round was on Dec 28, 2005. LPL Financial has 5 institutional investors.

Here is the list of recent funding rounds of LPL Financial:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 2014	6082826	Conventional Debt	6262650	3847437	8374419	5580556
Dec 28, 2005	3845558	PE	1249968	8403568	4392297	TPG & 1 more

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View details of LPL Financial's funding rounds and investors

LPL Financial's employee count trend

LPL Financial has 14,988 employees as of Aug 26. Here is LPL Financial's employee count trend over the years:

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Top competitors of LPL Financial include Alera Group, Focus Financial Partners and Raymond James. Here is the list of Top 10 competitors of LPL Financial, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Alera Group 1995, Deerfield (United States), Acquired	Provider of HR, life & health insurance, general liability, and other services	$250M	The Carlyle Group, Ares Capital Corporation ... & 5 others	73/100
2nd	Focus Financial Partners 2004, New York City (United States), Acquired	Provider of business consulting services to banks and lending institutions	$333M	Polaris Partners, Comerica & 14 others	71/100
3rd	Raymond James 1962, St. Petersburg (United States), Public	M&A, capital advisory, and wealth management firm	-	-	69/100
4th	LPL Financial 1989, San Diego (United States), Acquired	Stock brokerage firm	-	Hellman & Friedman, Lee Equity & 3 others	68/100
5th	Wintrust 1991, Rosemont (United States), Public	Bank offering diversified financial services	-	CIVC Partners	66/100
6th	Stonehage Fleming Family & Partners 1976, Philadelphia (United States), Acquired	Provider of multi-family office services	$116M	Caledonia	66/100
7th	Zions Bank 1873, Salt Lake City (United States), Unfunded	Private banking firm offering wealth management services	-	-	63/100
8th	Linedata 1998, Neuilly sur seine (France), Public	Provider of software, data, analytics, and related services for financial institutions	-	Ardian, XAnge & 4 others	63/100
9th	Berkadia 2009, New York City (United States), Series D	Provider of wealth management services	$1B	Apollo Commercial Real Estate Finance, Lloyd Jones	62/100
10th	First Western Trust 2004, Denver (United States), Public	Wealth management firm	$51.4M	NB Group, Crawley Ventures & 1 others	62/100

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LPL Financial has made 2 investments in companies including Private Advisor Group and Cadena. LPL Financial has also acquired 16 companies including Mariner Wealth Advisors and Mariner Advisor Network.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 16, 2026	Acquisition	Mariner Wealth Advisors	2006	Overland Park (United States)
Apr 14, 2026	Acquisition	Mariner Advisor Network	2022	United Kingdom
Nov 20, 2025	Investments	Private Advisor Group	2010	Morristown (United States)

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Here is the latest report on LPL Financial's sector:

Free

Asset Management - Sector Report

Edition: July, 2026 (62 Pages)

View all reports related to LPL Financial

Media has covered LPL Financial for a total of 108 events in the last 1 year, 69 of them have been about company updates and 24 about people movement.