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Frequently Asked Questions

Q.How many LPL Financial advisors are there?
A. Approximately 13,000 financial advisors across the United States as of 7/31/12

Q. How many back office employees?
A. Approximately 2,900 employees support LPL Financial advisors

Q. What other lines of business does LPL Financial support besides the independent advisor?
A. LPL Financial has a successful bank channel called LPL Financial Institution Services. The firm also performs custom clearing for other broker/dealers such as AXA Advisors.

Q. When was LPL Financial started?
A. LPL Financial was formed in 1989 through the merger of two small but successful brokerage firms, Linsco (established in 1968) and Private Ledger (founded in 1973).

Q. Why do you have multiple headquarters?
A. Linsco was headquartered in Boston, Private Ledger in San Diego so both headquarters were retained after the merger in 1989 to provide national coverage. The Charlotte office was opened in 2006.

Q. Can I use a DBA?
A. Yes. Financial advisors that clear through LPL Financial can use the LPL Financial brand or a unique DBA of their choosing.

Q. Can I office out of my home?
A. Yes. Where you locate your office is completely up to you.

Q. Can I add staff/advisors to my office?
A. Yes. Many LPL Financial advisors have large staffs including other registered representatives. It is also possible to become an OSJ for several offices.