What Services Does LPL Financial Offer?


Quick Answer

LPL Financial provides independent advisors and institution services in areas such as brokerage, proprietary technology, insurance and investment advising, according to the company's website. It integrates and tailors these services to meet the individual needs of its clients.

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Full Answer

LPL offers independent advisor services that help working entrepreneurial financial advisors build and expand their practice, according to LPL Financial. Services relevant to advisors include business development, business consulting and marketing support. It also provides training and detailed practice management programs. LPL has a fee-based product architecture and innovative programs that provide advisors with the tools they need when developing investment programs for their clients.

It also offers institution services that assist program managers and advisors at the community level through such institutions as regional banks and credit unions, which helps provide more options for investment, advisory and insurance products than they could provide on their own, explains LPL Financial. By pairing institutions’ strengths to industry expertise, it maximizes and builds up an institution's potential and improves customer relationships. It improves a company’s potential in areas of research, technology, compliance and transition services.

Through its mid-based subsidiary company, Fortigent, it offers improved net worth solutions and consulting services to banks, RIAs and trust companies, as LPL Financial reports. It also manages trust and family assets for high-level clients in all states through its affiliate, the Private Trust Company. Through Concord Capital Partners, it assists trust companies use technology to upgrade their in-house management activities.

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