Is LPL Financial a real company?

Is LPL Financial a real company?

LPL Financial is an organization of independent financial advisors. The firm provides proprietary technology, brokerage and investment advisory services to more than 14,000 financial advisors and 700 financial institutions, who in turn serve investors across the nation.

What kind of company is LPL?

Public
(commonly referred to as LPL Financial) was founded in 1989 and is considered the largest independent broker-dealer in the United States….LPL Financial.

Is LPLA broker-dealer?

LPL Financial is a registered investment advisor and a broker/dealer, which means that an LPL financial professional can offer you both investment advisory and brokerage services.

Are LPL advisors fiduciaries?

As an investment advisor, LPL has a fiduciary responsibility to its advisory clients and, as such, is obligated to act in the best interests of clients and make full and fair disclosure of all material conflicts of interest.

What does LPL company do?

Today, LPL is a leader in the markets we serve, supporting more than 18,000 financial professionals, 800 institution-based investment programs and 450 independent RIA firms nationwide with services, support, and resources: Brokerage and advisory services. Access to a broad range of investment solutions.

What is a reasonable rate of return for retirement planning?

The bottom line is that using a rate of return of 6% or 7% is a good bet for your retirement planning.

How is LPL doing?

LPL was ranked no. 466 on the Fortune 500 list in 2021. LPL Financial’s mission, history, and commitment to serving financial professionals and their clients explains who we are and what we do.

Is LPLA fiduciary?

Did Waddell and Reed sell?

Waddell & Reed wealth management platform sold to LPL Financial. Macquarie Asset Management (MAM), the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the completion of its acquisition of Waddell & Reed Financial, Inc.

How can I tell if my financial advisor is a fiduciary?

Visit napfa.org to check their database. You can also research potential advisory firms through the SEC’s adviser search tool. If the advisory firm is a federally Registered Investment Adviser, and thus a fiduciary, it will have what is called a Form ADV filing available to be viewed online.

Who owns Waddell Reed?

Macquarie Asset Management Inc.Waddell & Reed / Parent organization
Macquarie Asset Management (MAM), the asset management division of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the completion of its acquisition of Waddell & Reed Financial, Inc. (NYSE: WDR), one of the oldest asset and wealth management companies in the United States.

Is LPLA good stock to buy?

LPL Financial has received a consensus rating of Moderate Buy. The company’s average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.