LPL Financial Holdings Inc (NASDAQ: LPLA) is a broker-dealer and investment advisory platform company that provides brokerage, investment advisory, and custodial services to independent financial advisors across the United States. The company generates revenue through advisory fees, commissions, asset-based fees on client assets held on its platform, and transaction and other service fees paid by advisors and product sponsors. The filing excerpts available do not provide sufficient detail to specify segment revenue percentages, total advisor counts, total client assets, or named competitors as of the fiscal year ended in the 10-K filed 2026-02-23 (accession 000162828026010705). Based solely on the available filing excerpts, further specifics on business quality, moat sources, or capital structure cannot be confirmed.

Revenue model

Advisory fees, brokerage commissions, asset-based fees, and transaction and service fees from advisors and product sponsors. Details not fully supported by the available filing excerpts.

Products and services

Brokerage services, investment advisory services, custodial services, technology and practice management tools for independent financial advisors.

Customers and end markets

Independent financial advisors and their end retail investor clients in the United States.

Value-chain role

Platform and custodian intermediary between independent financial advisors and product manufacturers and capital markets.

Geographic exposure

United States. Geographic breakdown not supported by the available filing excerpts.

Source: SEC 10-K, filed 2026-02-23

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