LPL Financial

Handles trading and paperwork for independent financial advisors.

Company Health

Investment firms and stock exchanges hold other people’s money in their accounts, which makes these measures misleading, so we don’t give them a score.

Its yearly figures are still below.

Who owns it

1 of 23 own it · 1 sold some

bought lately

owns it

doesn’t own it

Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Giverny Capital, Fundsmith, Semper Augustus, Akre

Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners

From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From LPL Financial’s yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $5.87 billion in 2020 to $17.0 billion in 2025, and it made a profit every year.

2025

Sales

$17.0 billion

Profit

$863 million

Spare cash each year

It had cash to spare in 4 of the 6 years, but in 2025 it spent $982 million more than it brought in.

2025

Cash shortfall

$982 million

Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned $18.5 billion, including $1.04 billion in cash, and owed $13.1 billion.

Key facts

From its yearly report for 2025.

Sales

$17.0 billion

Profit

$863 million

Cash shortfall

$982 million

Cash in the bank

$1.04 billion

Everything it owes

$13.1 billion

Year ends

December

Money shown in

U.S. dollars

Latest yearly report

10-K, filed Feb 23, 2026

Figures from LPL Financial’s yearly reports to the SEC (EDGAR), collected Oct 12, 2026.

Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works