LPL Financial Holdings Inc.
Close on Oct 19, 2026
- Market cap
- $25.30B
- P/E (TTM)
- 25.2
- Dividend yield
- 0.38%
About LPL Financial
Security & Commodity Brokers, Dealers, Exchanges & Services, SIC 6200
LPL Financial Holdings Inc. operates as an independent broker-dealer, investment advisory firm, and custody provider within the advisor-mediated marketplace. The company provides self-clearing, advisory platforms, fintech tools, practice management, and administrative services without manufacturing proprietary investment products. Its key solutions encompass fee-based advisory platforms, commission-based brokerage programs, client cash management vehicles, and trust administration. LPL serves independent financial advisors, wealth management practices at financial institutions such as banks and credit unions, independent registered investment advisor firms, and advisors affiliated with insurance companies.
The firm conducts operations across communities in the United States, supporting more than 32,000 financial advisors and approximately 1,200 financial institutions that oversee roughly 11.6 million client accounts. It employs approximately 10,000 people across several domestic locations. The provided text does not state the city or location of the company's headquarters.
Summary of the business section of LPL Financial's latest annual report, written by StockData.
Company profile
Company
- Legal name
- LPL Financial Holdings Inc.
- Founded
- 2005
- Headquarters
- San Diego, CA
- Address
- 4707 Executive Drive 92121
- Phone
- (800) 877-7210
- Website
- www.lpl.com
- Employees
- 10,000, Dec 31, 2025
- Industry
- Security & Commodity Brokers, Dealers, Exchanges & Services
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, San Diego, California
Stock & identifiers
- Ticker
- LPLA
- Exchange
- Nasdaq
- Shares outstanding
- 79M, Jul 30, 2026
- Public float
- $29.90B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1397911
- CUSIP
- 50212V100
- ISIN
- US50212V1008
- LEI
- 549300XROQ4Y8G2L7682
- EIN
- 20-3717839
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Katharine Reeping | Principal Accounting Officer | 1,774 |
| Emily Field | Group Managing Director | 1,833 |
| Aneri Jambusaria | Group Managing Director | 6,107 |
| Greg Gates | Group Managing Director | 23,602 |
| Matthew Enyedi | Group Managing Director | 13,932 |
| Marc Eliot Cohen | Group Managing Director | 4,375 |
| Matthew J. Audette | President and CFO | 19,803 |
| Matthew Morningstar | Group Managing Director | 3,415 |
| Richard Steinmeier | Chief Executive Officer | 36,301 |
| Sara Dadyar | Managing Director | 1,797 |
| Althea Brown | Managing Director | 5,439 |
| Richard P. Schifter | Director | 44,032 |
| Paulett Eberhart | Director | 17,764 |
| Edward C. Bernard | Director | 16,262 |
| Corey E. Thomas | Director | 14,912 |
| William Francis Glavin Jr | Director | 26,849 |
| Allison Mnookin | Director | 11,763 |
| James S. Putnam | Director | 135,298 |
| Anne M. Mulcahy | Director | 37,083 |
| Somesh Khanna | Director | 851 |
| Albert J. Ko | Director | 3,299 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr Arnold | $14.57M | $12.89M | $5.20M | $351 | $204 |
| FY2025 Mr Steinmeier | $0 | $0 | $5.20M | $351 | $204 |
| FY2024 Mr Arnold | $4.72M | $7.31M | $3.53M | $320 | $177 |
| FY2024 Mr Steinmeier | $26.35M | -$4.70M | $3.53M | $320 | $177 |
| FY2023 Mr Arnold | $0 | $0 | $3.24M | $222 | $136 |
| FY2023 Mr Steinmeier | $16.94M | $18.79M | $3.24M | $222 | $136 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“We had approximately 10,000 employees at December 31, 2025.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 5, 2012 | Name change | Name changed from LPL Investment Holdings Inc. to LPL Financial Holdings Inc. |
| Nov 12, 2010 | Listing | Registration of securities on an exchange (Form 8-A) |
| Apr 29, 2009 | Deregistration | Termination of SEC registration (Form 15) |
| Jan 23, 2008 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Nov 13, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |