LPL is the largest independent broker dealer in the country and enjoys a  positive reputation in the industry, with many recent movers giving it high marks in our annual advisor surveys.  Are they for everyone?  No.  Could they be the right fit for you? Perhaps.

LPL offers multiple platform options which could provide an advisor with 10+ years left in their career the chance to get paid twice while only paper once (ask us about how this is done – it doesn’t get talked about much and can be a super-smart way to monetize your book without much extra work.

PROS

• One of the lowest fee structures and highest payouts in the industry
• Many different options to choose from. 
• Unique, and more of a network culture built around service for the client
• Ideal if youwant protection from the BD but independent, LPL is a unique option. 
• Wide range and with one of the most flexible product lines up out there.
• Biggest competitor: Ameriprise 

CONS

• Not as financially strong/stable as others.  Current debt of $3B.
• Reputation for having an overbearing compliance environment
• Annuity compliance issues