As of 2021 the company had more than 17,500 financial advisors,[4] over US$1 trillion in advisory and brokerage assets,[5] and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year.

[15] On December 3, 2018, LPL Financial Holdings Inc. reported its acquisition of AdvisoryWorld, a technology company serving the wealth management industry.

The Massachusetts Securities Division (MSD) had investigated and charged LPL over compliance matters related to licensing of advisors/supervisors and late reportings.

[21][22] On October 27, 2020, LPL Financial Holdings Inc. announced its acquisition of Blaze Portfolio, a Chicago-based fintech firm founded in 2010.

FINRA alleged that inadequate record keeping had exposed customers to losses through a Ponzi scheme created by one of its representatives.

[27] In August 2024, LPL Financial settled with the SEC for a $50 million fine for failure in electronic record keeping.