About LPL Financial

MacNaughton & Associates LLC ("M&A") offers our clients cost-effective access to financial securities and advisory services through LPL Financial LLC (“LPL”), a registered investment advisor, a member of FINRA/SIPC, and the leading partner to independent US financial advisors based on total revenue as reported by Financial Planning magazine (June 1996- 2020).

A wholly-owned subsidiary of LPL Financial Holdings Inc. ("LPLA", listed on Nasdaq), LPL's mission is rooted in the belief that objectivity and independence are essential in providing fiduciary financial guidance. It is owned by no bank, insurance company, or investment firm. It offers no proprietary investment products,  engages in no investment or retail banking activities, and does not pressure or influence M&A to “sell” its “products”.

The largest independent broker-dealer in the United States, LPL formed in 1989 through the merger of two independent brokerage firms: Linsco, established in 1968, and Private Ledger, established in 1973. Over the more than 30 years since that merger, LPL has grown to employ 4,500 employees who support 17,000 financial advisors across the country with more than $800 billion in client assets. See generally,https://en.wikipedia.org/wiki/LPL_Financial

In November 2020, LPLA rang the opening bell on NASDAQ, celebrating its 10-year anniversary as a publicly traded company, LPL Financial Holdings Inc. Rings the Nasdaq Stock Market Opening Bell in Celebration of its 10th Listing Anniversary | Nasdaq. On June 3, 2021, LPLA announced its inclusion in the 2021 Fortune 500, as No. 466 among the esteemed list of the largest U.S. companies ranked by annual revenue. Marking that occasion, Dan Arnold as LPL CEO and president said:

The performance of our company is a testament to the extraordinary work our financial advisors do for their clients and the dedication of our team to deliver on our mission to take care of our advisors so they can take care of their clients. We maintain an unwavering commitment to advisor independence, a model that is increasingly preferred by both advisors and investors as the marketplace seeks choice, transparency and personalized experiences.”LPL Financial Earns Spot Among 2021 Fortune 500 List

LPL puts its size and scale to work by delivering cost efficiencies and investing in its advisors. Last year, LPL President & CEO Dan Arnold announced that the firm will continue to invest more than $1 billion annually in capabilities, service, and technology that help LPL advisors take care of clients in a differentiated way. See generally, https://www.lpl.com/news-media/press-releases/lpl-focus-2020-highlights-commitment-to-advisors.html.


For more information, visit www.lpl.com.