Top LPL Financial Alternatives, Competitors (2024)

FAQs

Who is the competitor to LPL Financial? ›

The main competitors of LPL Financial include Raymond James (RJF), Tradeweb Markets (TW), T. Rowe Price Group (TROW), Stifel Financial (SF), Evercore (EVR), Nasdaq (NDAQ), Lazard (LAZ), BGC Group (BGC), Piper Sandler Companies (PIPR), and StoneX Group (SNEX). These companies are all part of the "finance" sector.

Edward Jones, Vanguard, UBS, Raymond James and Stifel respectively took the next highest ratings, while Equitable Advisors, TIAA, LPL Financial, Lincoln Financial Group and Prudential Advisors came in at the bottom of the two dozen firms tracked in the client poll.

Lpl Financial has an average rating of 4.2 from 18 reviews. The rating indicates that most customers are generally satisfied.

LPL is known for our commitment to financial advisor independence, and was founded on the principle that the firm should work for the advisor, not the other way around.

Financial Performance and Liquidity Position

LPL is a Fortune 500 company, serving more than 21,000 financial professionals with over $1 trillion in brokerage and advisory client assets. Our balance sheet is strong, with over $200 million of excess cash and modest leverage below our conservative management targets.

Pair Corralation between Vanguard 500 and LPL Financial

Assuming the 90 days horizon Vanguard 500 is expected to generate 5.41 times less return on investment than LPL Financial. But when comparing it to its historical volatility, Vanguard 500 Index is 1.59 times less risky than LPL Financial.

LPL Financial is a member firm of the Securities Investor Protection Corporation (SIPC). Membership provides account protection up to a maximum of $500,000 per client, of which $250,000 may be claims for cash.

The top 5 are: 545 Group, Jones Zafari Group, The Polk Wealth Management Group, Hollenbaugh Rukeyser Safro Williams, The Erdmann Group.

Do millionaires use financial advisors? ›

Of high-net-worth individuals, 70 percent work with a financial advisor. You can compare that to just 37 percent in the general population.

Generally, having between $50,000 and $500,000 of liquid assets to invest can be a good point to start looking at hiring a financial advisor. Some advisors have minimum asset thresholds. This could be a relatively low figure, like $25,000, but it could $500,000, $1 million or even more.

LPL Financial's competitors and similar companies include Morgan Stanley, Southside Bancshares, Charles Schwab and Envestnet.

Allowing for the 90-day total investment horizon Morgan Stanley is expected to generate 0.9 times more return on investment than LPL Financial. However, Morgan Stanley is 1.11 times less risky than LPL Financial. It trades about 0.51 of its potential returns per unit of risk.

The fee paid to LPL is at an annual rate of up to an average of 6% as applied across all deposit accounts taken in the aggregate; therefore, depending on interest rates and other market factors, on some accounts, fees to LPL may be higher or lower than this average percentage amount.

These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Fidelity Bank.

Crystal Lake Bank & Trust Co, N.A. Toyota Financial Savings Bank Customers Bank US Bank, N.A. Flushing Bank Village Bank & Trust, N.A. Forbright Bank Wheaton Bank & Trust, N.A. Hinsdale Bank & Trust Company Wintrust, N.A. Member FINRA/SIPC | For Client Use CB-767158-0521 Tracking #1-892828 (Exp.