Last €34.78 EUR
Change Today +1.58 / 4.75%
Volume 0.0
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As of 3:00 AM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

75 State Street

Boston, MA 02109

United States

Phone: 617-423-3644

Fax:

LPL Financial Holdings Inc. operates as an independent broker-dealer for registered investment advisors (RIAs) and an independent consultant to retirement plans. The company provides an integrated platform of brokerage and investment advisory services to approximately 13,600 independent financial advisors and financial advisors at approximately 700 financial institutions (advisors) throughout the United States. It also supports approximately 4,500 financial advisors who are affiliated and licensed with insurance companies through customized clearing services, advisory platforms, and technology solutions. The company supports a client base through its subsidiary companies. LPL Financial LLC (LPL Financial) is a clearing broker-dealer and an investment advisor that primarily transacts business as an agent for the company’s advisors on behalf of their clients through a range of financial products and services. Fortigent Holdings Company, Inc. and its subsidiaries (Fortigent) is a provider of solutions and consulting services to RIAs, banks, and trust companies that serve high-net-worth clients. The Private Trust Company, N.A. (PTC) manages trusts for high-net-worth clients. Advisor Relationships The company’s advisors build long-term relationships with their clients in communities across the U.S. by guiding them through the complexities of investment decisions, retirement solutions, financial planning, and wealth-management. Its advisors support approximately 4.4 million client accounts. LPL Financial also supports approximately 280 RIA practices (independent RIAs) with approximately 2,000 advisors who conduct their advisory business through separate entities by establishing their own RIAs, rather than using its corporate RIA. A subset of the company’s advisors provides advice and serves group retirement plans primarily for small and mid-size businesses. These approximately 1,500 advisors serve approximately 20,800 retirement plans. Products and Solutions The company provides its advisors open architecture access to a range of commission, fee-based, cash and money market products and services. Its product due diligence group conducts extensive diligence on all of its product offerings, including annuities, mutual funds, exchange-traded funds, and alternative investments, including real estate investment trusts. The company’s platform provides access to approximately 11,000 financial products, manufactured by approximately 790 product sponsors. It enters into arrangements with these product sponsors pursuant to the sponsor’s standard distribution agreement. The sales and administration of these products are facilitated through BranchNet and its Resource Center, which together allow its advisors to access client accounts, product information, asset allocation models, investment recommendations, and economic insight, as well as to perform trade execution. Commission-Based Products The company’s brokerage offerings include variable and fixed annuities; mutual funds; equities; alternative investments, such as non-traded real estate investment trusts and business development companies; retirement and 529 education savings plans; fixed income; and insurance. Its insurance offering is provided through LPL Insurance Associates, Inc. (LPLIA), a brokerage general agency, which provides personalized advance case design, point-of-sale service and product support for a range of life, disability, and long-term care products. Fee-Based Advisory Platforms and Support LPL Financial has five fee-based advisory platforms that provide centrally managed or customized solutions from which advisors could choose to meet the investment needs of their mass affluent and high-net-worth clients. The company’s fee-based platforms provide access to no-load/load-waived mutual funds, exchange-traded funds, stocks, bonds, conservative option strategies, unit investment trusts and institutional money managers and no-load multi-manager variable annuities. Cash Sweep Programs The company assists its advisors in managing their clients’ cash balances through two primary cash sweep programs depending on account type, such as a

 

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Industry Analysis

7LI

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Valuation 7LI Industry Range
Price/Earnings 24.5x
Price/Sales 1.0x
Price/Book -- Not Meaningful
Price/Cash Flow 15.4x
TEV/Sales -- Not Meaningful
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