Ride the Wave of Retiring Boomers
LPL Financial (LPLA) is the name for what many might have known previously as Linsco/Private Ledger. The company is now America's largest provider of independent financial advisors, with 12,857 FAs as of year-end 2011, as well as back-office support for an additional 670 advisors based in banks and credit unions. LPL Financial also clears trades, provides back office and technical support for about 4,000 non-LPL financial professionals.
The 21-year old firm came public in November of 2010 at $30 per share. The stock peaked at $37.50 last May 11, and was trading above $36 as recently as Feb. 7, just days ago. LPL closed Wednesday at exactly $32....206 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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