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LPL Financial (LPLA) is the U.S.'s largest independent broker-dealer and a top custodian for registered independent advisors. The firm is home or partner to more than 13,000 financial advisors and approximately 685 financial institutions.
The corporate name was derived from the firms Linsco and Private Ledger, which were merged years ago. LPL came public on Nov. 17, 2010 in an initial public offering priced at $30 per share. The stock rallied into the $37 range and didn't return below that initial offering level until the general market collapse in the second half of 2011....230 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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