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Report on Investment Firm LPL Financial

LPL Financial (“LPL”), virtually unknown ten years ago, currently ranks as the fourth-largest brokerage firm based on the number of business advisors, behind Wells Fargo, Morgan Stanley and Merrill Lynch.  It markets itself as a low-cost investment house that allows smaller investors access to the same types of investments as investors with larger portfolios.   During these precarious financial times, when other brokerage houses have tightened their belts and suffered losses, since 2005 LPL has exploded in size and now boasts 13,300 brokers in 6,500 offices that service 4.3 million customers.  LPL has done so, in part, by touting the fact...

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