UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: nedludd Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1109  
Subject: Re: LPL FInancial Date: 9/2/2010 10:20 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
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 http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/...
Do this for anyone you will be dealing with.

If you are dealing with an SEC registered RIA (LPL would qualify) check them at http://www.adviserinfo.sec.gov/(S(lwtbaobd53plje3vcpb5wl45))...

These sites will let you know of any actions taken by FINRA or the SEC regarding the individual advisor or the company.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Book Review: Dream Big
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.