Organization
LPL Financial was rated High Risk because it scored poorly across several categories, including discriminatory philanthropy, employment protection, funding, and political actions tied to activist causes. The rating reflects concerns that the company prioritizes identity-based and partisan initiatives over merit-based governance and neutral business practices.
LPL Financial Holdings Inc. was founded in 1989 and has been described as the largest independent broker-dealer in the United States. As of 2026, the company had more than 32,000 financial advisors, approximately US$2.3 trillion in client assets, including US$1.4 trillion in advisory assets. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
