No. of Recommendations: 0
Is there any one who can tell me about their experience with LPL Financial and how they compare to a discount broker. Our advisor is suggesting we move all our accounts to them but there is not much available on line so I am a little skeptical.
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No. of Recommendations: 1
LPL (formerly Linsco/Private Ledger) is the largest independent broker in the country, with about 12,000 brokers and 2500 back office. They basically provide back office support for a fee to brokers, as well as providing an RIA framework and trust services. They also provide brokerage platforms to a lot of the community banks.

Their major competition is Raymond James, which has a somewhat similar model. The biggest key here will be the advisor. LPL provides the structure for the advisor to conduct his/her business. They have no propreitary products, shelf space agreements, etc.

Check out the firm at
Do this for anyone you will be dealing with.

If you are dealing with an SEC registered RIA (LPL would qualify) check them at

These sites will let you know of any actions taken by FINRA or the SEC regarding the individual advisor or the company.
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