LPL Financial provides an integrated platform of proprietary technology, brokerage, and investment advisory services to over 14,000 independent financial advisors and financial advisors at regional and community banks and credit unions across the country. In addition, we support over 4,000 financial advisors with customized clearing, advisory platform, and technology solutions.
We singularly focus on providing financial advisors and institutions with the front-, middle-, and back-office support they need to serve the large and growing market for independent investment advice. Through a combination of integrated technology, comprehensive clearing and compliance services, practice management programs and training, and independent research, LPL Financial is an enabling provider to advisors and institutions, helping them to manage complexity in their practices so they can focus on building and strengthening client relationships. As the largest independent brokerage firm in the U.S. (based on total revenues, Financial Planning magazine June 1996-2016), our scale enables us to continually reinvest in the resources, services, and support to attract and retain advisors and over 700 financial institutions, while helping them to grow their own business.
Equally important, we offer financial advisors access to leading financial products from a broad universe of product sponsors through our open architecture platform. Through our advisors, we believe that we are one of the largest third-party distributors of financial products in the United States. Importantly, we have achieved this distinction while remaining unencumbered by conflicts from product manufacturing, underwriting, or market making.
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