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LPL Enterprise

SEC-registered adviser since 2024Fort Mill, SCCRD 8733

$24.9B
AUM
102,563
Clients
See fees
Fee
4,492
Advisory staff

From Form ADV filed 15 July 2026 · data retrieved 15 October 2026SEC record

LPL Enterprise is an investment adviser headquartered in Fort Mill, South Carolina, and registered with the SEC since 2024. Its clients include high-net-worth individuals, other individuals, and corporations and other businesses. High-net-worth individuals account for 51% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and educational seminars. Fee arrangements include a percentage of assets under management, hourly charges and fixed fees. LPL Holdings, Inc. owns 75% or more of LPL Enterprise, and Kirby Lepak Horan-Adams is its CEO.

Clients

LPL Enterprise serves 102,563 clients, 22,822 of them high-net-worth individuals. The average client has about $243,000 with the firm, and high-net-worth clients hold 51% of its $24.9 billion in assets.

Regulatory assets by client type
  • Individuals79,249 clients47%
  • High-net-worth individuals22,822 clients51%
  • OtherPension and profit-sharing plans, Charitable organizations, Corporations and other businesses2%
Show client breakdown
Individuals (other than HNW)
Clients
79,249
Regulatory AUM
$11,776,193,805
Share
47.2%
Avg. per client
$149K
High-net-worth individuals
Clients
22,822
Regulatory AUM
$12,696,065,383
Share
50.9%
Avg. per client
$556K
Pension and profit-sharing plans
Clients
127
Regulatory AUM
$201,231,033
Share
0.8%
Avg. per client
$1.58M
Charitable organizations
Clients
79
Regulatory AUM
$49,435,378
Share
0.2%
Avg. per client
$626K
Corporations and other businesses
Clients
286
Regulatory AUM
$216,459,774
Share
0.9%
Avg. per client
$757K

Total

Clients
102,563
Regulatory AUM
$24,939,385,373
Share
100%
Avg. per client
$243K

What it does

LPL Enterprise provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, educational seminars and other activities. It is paid through a percentage of assets, hourly charges and fixed fees.

LPL Enterprise provided financial planning to 4,500 clients last fiscal year and advises no private funds.

Nearly all assets ($24.94B across 139,113 accounts) are managed with discretion; $3.64M across 79 accounts are not. 0% of clients are outside the U.S., and 12,118 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks10%
  • Funds85%
  • Bonds2%
    • State and local bonds1%
    • Investment grade corporate bonds1%
  • Cash3%

Custodians

LPL Enterprise has custody of client assets.

Managed account assets by custodian
  • All other custodians$24.94B100%

Ownership and leadership

LPL Holdings, Inc. owns 75% or more of LPL Enterprise, and Kirby Lepak Horan-Adams is its CEO.

Who owns the firm
LPL Enterprise, LLC· the adviser

  • LPL Holdings, Inc.

    Control person · since May 2023

    Owns 75% or more of LPL Enterprise, LLC

Leadership

  • Kirby Lepak Horan-Adams
    Chief Executive Officer. President
  • Kiriakos Andreas Evangeliou
    SVP, Chief Compliance Officer
  • Steven Thomas Malfitano
    Principal Financial Officer and Principal Operations Officer, FINOP
  • Matthew Edwin Morningstar
    Chief Legal Officer

Staff

  • 5,215 employees
  • 4,492 in advisory functions
  • 3,209 state-registered reps
  • 3,763 broker-dealer reps
  • 3,703 insurance agents
  • 3 soliciting firms

Fees

LPL Enterprise is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees).

LPL Enterprise’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, LPL Enterprise has 1,140 offices, with 26 listed addresses across 17 states.

Listed office addresses by state

South Carolina · 1 listed address

  • 1055 LPL Way, Fort MillHQ

Other business names

LPL Enterprise has reported 2 other business names to the SEC.

  • LPL Enterprise
  • Lple

Registration details

Legal name
LPL Enterprise, LLC
Headquarters
1055 LPL Way, Fort Mill, SC 29715
Phone
704-733-3300
Website
Not reported
SEC file
801-130883
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does LPL Enterprise have?

LPL Enterprise has 102,563 clients and manages $24.9 billion for them, as of July 2026. They include 79,249 other individuals, 22,822 high-net-worth individuals and 286 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 July 2026

What services does LPL Enterprise offer?

LPL Enterprise provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, educational seminars and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does LPL Enterprise have?

LPL Enterprise has 3,209 investment adviser representatives registered with state securities authorities, out of 5,215 employees, and 4,492 perform investment advisory functions. 3,763 are registered representatives of a broker-dealer and 3,703 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does LPL Enterprise invest in?

At the end of its last fiscal year, LPL Enterprise’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 3% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns LPL Enterprise?

LPL Enterprise is owned through a holding company by LPL Financial Holdings Inc. Its direct owner is LPL Holdings, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 15 July 2026

How does LPL Enterprise get paid?

LPL Enterprise is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 15 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 8733.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with LPL Enterprise, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.