Who does LPL Financial clear through?
Clearing firms used by the top independent broker-dealers Click column headers to sort fields…
| Rank | Broker-dealer | Clearing firm |
|---|---|---|
| lpl.com | ||
| 2 | AIG Advisor Group Inc. | |
| aigadvisorgroup.com | ||
| Advantage Capital Corp. | Pershing LLC |
Does LPL Financial have a good reputation?
Awards and recognition: LPL advisors consistently appear on top advisor lists. In 2021, LPL was included in the Fortune 500 for the first time as the 466th largest U.S. company ranked by annual revenue. In 2020, the firm was recognized as a technology innovator by the Bank Insurance and Securities Association.
Is Pershing LLC now LPL Financial?
Pershing will expand its products and services to LPL B-Ds that use Pershing, the firms announced today.
How big is LPL?
As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory & brokerage assets, and generated approximately $5.9 billion in annual revenue for the 2020 fiscal year. LPL Insurance Associates, Inc.
Who is the largest clearing firm?
Rank Firm Parent company Main phone Website B-D clients % chg. vs.
| Rank | Firm | Phone |
|---|---|---|
| 1 | Pershing LLC | (201) 413-2564 |
| 2 | Penson Worldwide Inc. | (212) 273-6835 |
| 3 | National Financial Services LLC | (617) 563-8738 |
| 4 | Broadcort & Merrill Lynch Professional Clearing Corp. | (646) 855-3507; (212) 670-5019 |
Where can I find my Pershing account?
Please contact your advisor for assistance. You can find the company name on your statement, tax forms or your account application. Pershing can verify the balance of your account. If you need an account balance verification, please call Customer Service at 201-413-3333.
Who uses Pershing?
Clients of BNY Mellon’s Pershing include advisors, broker-dealers, family offices, fund managers, registered investment advisor firms and wealth managers who represent approximately 7 million investor accounts globally. Over 100,000 professionals use our technology platform for advisors and broker-dealers.
Is LPL a Fortune 500 company?
For the first time in its history, LPL Financial earned a spot in the Fortune 500 ranking for 2021, placing us on an esteemed list of the largest U.S. companies ranked by annual revenue. Coming in at number 466, LPL’s record revenue of $5.9 billion for 2020 highlights a nearly 37% increase over the last three years.
Who are the main clearing houses?
There are two major clearing houses in the United States: The New York Stock Exchange (NYSE) and the NASDAQ.
Who is the largest broker dealer?
LPL Financial LLC
Rankings
| Firm | CFPs | |
|---|---|---|
| 1 | LPL Financial LLC | 3,833 |
| 2 | Advisor Group | 0 |
| 3 | Lincoln Financial Network | — |
| 4 | Northwestern Mutual Investment Services | 1,322 |
What are Pershing accounts?
Pershing is a one-stop source for a range of individual retirement solutions—along with a wealth of tools and resources to help advisors grow their retirement business. Choose from Traditional, Roth, and Rollover individual retirement accounts (IRAs) that feature convenient account services and distribution options.
Who uses Pershing LLC?
Does BNY own Pershing?
Part of the BNY Mellon Family In 2003, Pershing was acquired by The Bank of New York, the longest-lasting financial institution in the United States.
How big of a company is LPL Financial?
Who are clearing members?
Clearing Member means a member of the Clearing Corporation who clears and settles deals through the Clearing Corporation. The Clearing Member clears and settles deals for a segment in a manner and mode and subject to such terms and conditions and procedures prescribed for them.