{"url":"https://nivawealth.com/firms/lpl-enterprise-8733","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/8733","regulatoryAum":24939385373,"crd":"8733","secFileNumber":"801-130883","legalName":"LPL Enterprise, LLC","displayName":"LPL Enterprise","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1055 LPL Way","city":"Fort Mill","state":"SC","stateName":"South Carolina","country":"United States","postalCode":"29715"},"tradeNames":["LPL Enterprise","Lple"],"registration":{"secApproved":"7 August 2024","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":5215,"advisory":4492,"brokerDealerReps":3763,"insuranceAgents":3703,"promoters":3},"aum":{"discretionary":24935743002,"discretionaryAccounts":139113,"nonDiscretionary":3642371,"nonDiscretionaryAccounts":79,"wrapProgram":0,"nonUsClientsPct":0,"nonAumClients":12118},"clientTypes":[{"label":"Individuals (other than HNW)","clients":79249,"regulatoryAum":11776193805},{"label":"High-net-worth individuals","clients":22822,"regulatoryAum":12696065383},{"label":"Pension and profit-sharing plans","clients":127,"regulatoryAum":201231033},{"label":"Charitable organizations","clients":79,"regulatoryAum":49435378},{"label":"Corporations and other businesses","clients":286,"regulatoryAum":216459774}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"LPL Enterprise has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Kirby Lepak Horan-Adams","title":"Chief Executive Officer. President","crd":"5097259"},{"name":"Kiriakos Andreas Evangeliou","title":"SVP, Chief Compliance Officer","crd":"2496177"},{"name":"Steven Thomas Malfitano","title":"Principal Financial Officer and Principal Operations Officer, FINOP","crd":"3178848"},{"name":"Matthew Edwin Morningstar","title":"Chief Legal Officer","crd":"2510742"}],"ownership":[{"label":"LPL Holdings, Inc.","detail":"Managing member in the 75% or more ownership band and a control person, since May 2023."},{"label":"LPL Financial Holdings Inc.","detail":"Indirect owner: a parent company of LPL Holdings, Inc. in the 75% or more band and a control person, since December 2005.","parent":"LPL Holdings, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1140,"privateResidences":0},"listedOfficeAddresses":26,"officesByState":[{"state":"California","offices":4,"addresses":[{"street":"3333 Michelson Drive","city":"Irvine"},{"street":"15303 Ventura Boulevard","city":"Sherman Oaks"},{"street":"1731 Technology DR","city":"San Jose"},{"street":"600 City Parkway West","city":"Orange"}]},{"state":"Connecticut","offices":1,"addresses":[{"street":"1 Corporate Drive","city":"Shelton"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"3343 Peachtree Road, N.E.","city":"Atlanta"}]},{"state":"Illinois","offices":2,"addresses":[{"street":"1901 Butterfield Road","city":"Downers Grove"},{"street":"10275 W Higgins Road","city":"Rosemont"}]},{"state":"Indiana","offices":1,"addresses":[{"street":"8888 Keystone Crossing","city":"Indianapolis"}]},{"state":"Maryland","offices":1,"addresses":[{"street":"303 International Cir","city":"Cockeysville"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"500 Edgewater Drive","city":"Wakefield"}]},{"state":"Michigan","offices":1,"addresses":[{"street":"101 W Big Beaver Road","city":"Troy"}]},{"state":"Minnesota","offices":1,"addresses":[{"street":"600 S Highway 169","city":"ST. Louis Park"}]},{"state":"New Jersey","offices":3,"addresses":[{"street":"110 Allen Road","city":"Basking Ridge"},{"street":"11 Sunflower Avenue","city":"Paramus"},{"street":"101 Crawfords Corner RD","city":"Holmdel"}]},{"state":"New York","offices":3,"addresses":[{"street":"445 Broadhollow Road","city":"Melville"},{"street":"1270 Avenue of the Americas","city":"New York"},{"street":"500 Plum ST","city":"Syracuse"}]},{"state":"North Carolina","offices":1,"addresses":[{"street":"5605 Carnegie BLVD","city":"Charlotte"}]},{"state":"Ohio","offices":1,"addresses":[{"street":"One Easton Oval","city":"Columbus"}]},{"state":"Pennsylvania","offices":2,"addresses":[{"street":"2009 Mackenzie Way Ste 100 PMB","city":"Cranberry Township"},{"street":"2700 Kelly Road","city":"Warrington"}]},{"state":"South Carolina","offices":1,"addresses":[{"street":"1055 LPL Way","city":"Fort Mill","headquarters":true}]},{"state":"Texas","offices":1,"addresses":[{"street":"1233 West Loop South","city":"Houston"}]},{"state":"Washington","offices":1,"addresses":[{"street":"7525 Se 24th Street","city":"Mercer Island"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"704-733-3300","stateRegisteredReps":3209,"otherAdviserReps":36,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Educational seminars/workshops","Other"],"financialPlanningClients":"4500","assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":85},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"15 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/8733/PDF/8733.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does LPL Enterprise have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does LPL Enterprise offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does LPL Enterprise have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does LPL Enterprise invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns LPL Enterprise?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does LPL Enterprise get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}