Is lpl financial in trouble? LPL Financial is a repeat offender: there are over 20 FINRA reported disciplinary proceedings citing the firm with one form of supervisory lapses or another in the last decade. LPL Financial has been repeatedly censured, warned, and fined over $100 million for its own misconduct and failure to supervise its army of financial advisors.What is lpl financial? LPL Financial Holdings, Inc. (commonly referred to as LPL Financial) was founded in 1989 and is considered the largest independent broker-dealer in the United States.What is a lpl financial advisor? LPL Financial. LPL Financial is one of the leading financial services companies and the largest independent broker/dealer in the nation. For more than four decades, the firm has served as an enabling partner, supporting financial advisors in their goals of protecting and growing their client’s wealth.
Pros: None. Cons: Everything. M and T Securities just left Pershing and are now with LPL Financial. If you thought Pershing was bad, LPL Financial is even worse--much worse!! No customer services whatsoever, impossible to speak to a customer representative, long-waits over the phone, never any promised callbacks, etc.
(800) 877-7210 Specialties: LPL Financial offers financial services and customer service to independent financial advisors. Join the nation's largest independent broker-dealer or find an advisor today. Established in 1989. LPL Financial was formed in 1989 through the merger of two brokerage firms--Linsco (established in 1968) and Private Ledger (established in 1973). LPL Financial ...