SEC-registered wealth management firm Broker-dealer affiliated
LPL Financial LLC
As of its Form ADV filed September 21, 2026, LPL Financial LLC, an SEC-registered, broker-dealer affiliated wealth management firm in Fort Mill, South Carolina, reported $819.1 billion in regulatory assets under management across 2,850,994 accounts, ranking #1 among all wealth firms in South Carolina by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 6413
- SEC file number
- 801-10970
- Registered since
- August 25, 1975
- Latest Form ADV filing
- September 21, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 20,864
Key figures
- Regulatory assets under management
- $819.1 billion
- Discretionary
- $818.3 billion (99.9%)
- Non-discretionary
- $797.9 million
- Accounts
- 2,850,994 (2,849,049 discretionary)
- Clients
- 2,196,590, approximate as reported
- Employees
- 41,879
- Advisory staff
- 36,280 performing investment advisory functions
- Average account
- $287,310
- Asset growth, 1 year
- 32.3% (from $618.9 billion a year earlier)
- Asset growth, 3-year annual rate
- 30.6% (from $368.0 billion three years earlier)
- Asset growth, 5-year annual rate
- 25.0% (from $268.8 billion five years earlier)
- Client growth, 1 year
- 18.3% (from 1,857,050)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $64.8 billion |
| October 3, 2011 | $79.3 billion |
| October 1, 2012 | $83.6 billion |
| October 1, 2013 | $94.9 billion |
| October 1, 2014 | $109.7 billion |
| October 1, 2015 | $116.6 billion |
| October 3, 2016 | $112.1 billion |
| October 2, 2017 | $117.2 billion |
| October 1, 2018 | $152.5 billion |
| October 1, 2019 | $159.1 billion |
| October 1, 2020 | $207.8 billion |
| October 4, 2021 | $268.8 billion |
| October 3, 2022 | $404.2 billion |
| October 5, 2023 | $368.0 billion |
| October 1, 2024 | $463.5 billion |
| September 2, 2025 | $618.9 billion |
| October 2, 2026 | $819.1 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 671,511 clients | $552.7 billion | |
| Individuals (other than high net worth) 1,291,397 clients | $231.4 billion | |
| Corporations or other businesses 8,528 clients | $14.1 billion | |
| Pension and profit sharing plans 10,450 clients | $13.3 billion | |
| Charitable organizations 5,086 clients | $7.6 billion | |
| State or municipal government entities 5 clients | $8.9 million | |
| Other 13 clients | $5.4 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Educational seminars or workshops
- Other
Financial planning clients (Item 5.H): 24500.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Other financial products
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Banking or thrift institution
- Insurance company or agency
Custody (Item 9)
The firm reported custody of client cash or securities, $1.3 trillion in total.
Investment adviser representatives
- IARs registered with the firm
- 23,506
- Also registered through a broker-dealer
- 23,189
- Employees who are IARs (Form ADV 5.B(3))
- 23,099
Designations held by the firm's IARs: CFP 3,659, ChFC 768, CFA 146, PFS 57.
Between 3,483 and 15,734 of the firm's 23,506 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 10 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in South Carolina
| Firm | City | RAUM |
|---|---|---|
| LPL Enterprise, LLC | Fort Mill | $24.9 billion |
| Apollon Wealth Management, LLC | Mount Pleasant | $11.6 billion |
| Permcap Investment Office | Charleston | $4.0 billion |
| Foster Victor | Greenville | $2.6 billion |
| The Fiduciary Alliance | Greenville | $2.5 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- LPL Financial LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.lpl.com
- Wealth management firms in South Carolina
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.