LPL Financial Ranked Among "Top 40 Wealth Managers" in the U.S. by Barron's

BOSTON, Sept. 22, 2011 /PRNewswire/ -- LPL Financial LLC ("LPL Financial"), the nation's largest independent broker-dealer*, is now also ranked among the nation's top wealth management firms according to the financial news weekly publication Barron's.

One of five newly-listed firms this year, LPL Financial ranks No. 26 in Barron's 2011 list of the "Top 40 Wealth Managers" in the U.S.  The latest annual ranking, which was published in the September 19, 2011 issue of Barron's, is based on assets under management in accounts of $5 million or more as of June 30, 2011.  The full list appeared in Penta, Barron's quarterly publication focusing on high-net-worth investors.

"LPL Financial's recognition as a 'top wealth manager' by Barron's is a milestone for our organization, and it speaks to the great success so many of our advisors are having serving the needs of their clients in the high-net-worth marketplace during this particularly volatile period in the capital markets," said Bill Dwyer, president, National Sales and Marketing for LPL Financial. "Our core business is to help independent advisors meet the growing demand for objective, conflict-free advice, and this philosophy extends to our support for the high-net-worth investor.  We have invested considerable resources to equip our advisors with a range of valuable tools to build their practices at every level, and our highly competitive wealth management solutions are no exception."

Mr. Dwyer concluded: "Our advisors should take great pride in being included in Barron's ranking of the 'Top 40 Wealth Managers' in the U.S."

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Investment Holdings Inc. (NASDAQ: LPLA), is an independent broker-dealer and custodian.  LPL Financial and its affiliates offer proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 12,600 financial advisors and approximately 750 financial institutions.  Additionally, LPL Financial supports over 4,000 financial advisors who are licensed with insurance companies with customized clearing, advisory platforms and technology solutions.  LPL Financial and its affiliates have approximately 2,700 employees with offices in Boston, Charlotte, and San Diego.  For more information, please visit www.lpl.com.

Securities offered through LPL Financial. Member FINRA/SIPC

*Based on total revenues, Financial Planning magazine, June 1996-2011

LPLA-C

LPL Financial Media Contacts
Michael Herley
Kekst and Company
(212) 521-4897
[email protected]

SOURCE LPL Financial

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