November 20, 2014 7:04 PM ET

Capital Markets

Company Overview of LPL Financial Corporation

Company Overview

LPL Financial Corporation operates as a distributor of financial products in the United States. It offers customized clearing, technology, brokerage, practice management programs and training, research, and investment advisory solutions to financial advisors and financial institutions. The company’s services also include performance development, transition, product management, sales support, compliance and risk management, and customize marketing materials. Its services, tools, resources, and training help advisors to manage their practices. The company was formerly known as Linsco/Private Ledger Corp. and changed its name to LPL Financial Corporation in January 2008. The company was founded...

9785 Towne Centre Drive

San Diego, CA 92121-1968

United States

Founded in 1989





Key Executives for LPL Financial Corporation

Age: 52
Co-Founder and Vice Chairman
Age: 59
Co-Founder and Chairman Emeritus
Chief Financial Officer
Age: 49
Chief Executive Officer of LPL New Venture
Age: 53
Compensation as of Fiscal Year 2014.

LPL Financial Corporation Key Developments

LPL Financial Names David Reich as Executive Vice President and Head of LPL Retirement Partners and Independent Advisor Services Strategy

LPL Financial also named David Reich as the executive vice president and head of LPL Retirement Partners and Independent Advisor Services strategy. He has worked for LPL Financial since 2011.

Lpl Financial to Move to Fort Mill from Various Facilities in Charlotte; Expects to Double its Work Force in Charlotte

LPL Financial announced that it would move to Fort Mill from various facilities in Charlotte. This time, the company will bring 1,000 Charlotte employees to a new building planned in Kingsley Park in Fort Mill. The investment is expected to total $150 million. And the company expects to grow to 3,000 employees in the new regional headquarters by 2022. Earlier in the afternoon, Lash Group announced it would move to Fort Mill from Charlotte in a similar project to the same business park, Kingsley. That company will have 1,200 employees consolidated from three locations in Charlotte. That building should be ready for the new Lash headquarters in March 2016, and, in time, the company expects to double its work force at the new location. For LPL, the new site will be a regional headquarters, developed by Childress Klein Properties and ready for employees in the fall of 2016. Construction of the office building will begin in 2015. As a part of the move, LPL Financial gave $50,000 to the Anne Springs Close Greenway, which will be a short walk from the company's new regional headquarters.

LPL Financial LLC Plans to Construct A New Regional Headquarters in Fort Mill, South Carolina

LPL Financial LLC announced that its plans to construct a new regional headquarters in Fort Mill, South Carolina, and expand at the location by adding new jobs in the coming years. The company currently employs more than 1,000 Charlotte-based employees in three buildings dispersed across West Charlotte, North Carolina. The new corporate campus will allow the company to bring all area employees together in a unique office environment that will be planned with the highest principles of sustainability and a user-centric design in mind. The Charlotte area has been designated by the company as its primary destination for job growth during the next five years, and the company has plans to invest at least $150 million in the region by December 31, 2022. Construction will begin in 2015 with completion expected in the fall of 2016. The building will demonstrate the company’s commitment to sustainability by leveraging site features, technology and materials to minimize the impact on the environment. Planned amenities including a fitness and health center, ergonomically designed furnishings, an onsite eatery and access to commerce and outdoor spaces, including the adjacent Anne Springs Close Greenway will promote the health and well-being of employees. Earlier this year, the company opened its new regional San Diego headquarters, which is believed to be the large net-zero energy commercial office building in the United States. The new company regional headquarters will be located in Kingsley Park immediately off Interstate 77 at exit 85 (South Carolina state highway 160).

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