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Hey, this is Stocks_Pedia.

I would like to introduce some unfamiliar companies that may be of some help to your investments.

The company I’m going to introduce is $LPL Financial Holdings Inc(LPLA)$ .

It went public on 18th November 2010.

​[Company Profile]

LPL Financial Holdings Inc. is a broker-dealer company that provides a platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States.

The Company provides its technology and service to advisors through a technology platform that is cloud-based and Web-accessible.

The Company offers a customizable platform of integrated technology, brokerage and advisory platforms, digital capabilities, clearing and compliance services, business solutions, and strategic growth resources.

It automates time-consuming processes, such as account opening and management, document imaging, transaction execution, and account rebalancing.

The Company’s products include alternative investments, annuities, exchange-traded products, insurance-based products, mutual funds, retirement plan products, separately managed accounts, structured products and unit investment trusts.

[History & Events]

1989: LPL Financial was formed in 1989 through the merger of two small brokerage firms, Linsco and Private Ledger.

2005: LPL sold a 60% ownership stake to two private equity partners, Hellman & Friedman LLC and Texas Pacific Group.

2010: LPL Financial Holdings Inc., first became publicly traded on NASDAQ.

2018: It reported its acquisition of Advisory World, a technology company and leading provider of digital solutions serving the wealth management industry.

2018: LPL Financial agreed to a $26 million settlement arising from unregistered securities.

2019: It settled with the Commonwealth of Massachusetts at a cost of $1.1. million and a review of certain internal controls.

2019: LPL Financial paid a fine of $300,000 as part of a settlement with FINRA primarily related to its systems and procedures related to Uniform Gifts to Minors Act (UGMA) and Uniform Transfer to Minors Act (UTMA) accounts.

2020: It reported its purchase of E.K. Riley Investments and announced its acquisition of Blaze Portfolio.

[Main Business Segments]​

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​​​​​​​[Net Income & Total Revenue]​​

​​​​​​[Competitors]

$Morgan Stanley(MS)$

$Southside Bancshares(SBSI)$

$Charles Schwab(SCHW)$

$Envestnet(ENV)$