Broker-dealer firm · Fort Mill, SC
LPL Enterprise, LLC
SEC-registered investment adviser · CRD 8733 · SEC 801-130883
At a glance
LPL Enterprise, LLC is an SEC-registered investment adviser based in Fort Mill, South Carolina, with $24.9 billion in regulatory assets under management as of its Form ADV filed July 15, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 102,071 individual clients. By Form ADV it is a broker-dealer firm, ranked 37th of 391 broker-dealer firms and 741st of 17,210 SEC-registered advisers by assets.
Main office 704-733-3300lpl.comAs filed on Form ADV
- Regulatory AUM
- $25B
- Rank among broker-dealer firms
- #37 of 391
- Rank among all SEC RIAs
- #741 of 17,210
- Rank in South Carolina
- #3 of 116
- Individual clients
- 102,071
- High-net-worth clients
- 22,822
- Accounts
- 139,192
- Discretionary
- 100% of AUM
- Employees
- 5,215
- Advisory staff
- 4,492
- Offices
- 1,141
Owners and executives on its Form ADV
- Kirby Lepak Horan-AdamsChief Executive Officer. President
- Steven Thomas MalfitanoPrincipal Financial Officer and Principal Operations Officer, Finop
- Matthew Edwin MorningstarChief Legal Officer
- Kiriakos Andreas EvangeliouSVP, Chief Compliance Officer
Custody and brokerage
Custodian
LPL Enterprise, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
LPL Enterprise, LLC is a hybrid RIA: 3,763 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Commonwealth Equity Services, LLC and LPL Financial LLC.
- Commonwealth Equity Services, LLC ↗CRD 8032
- LPL Financial LLC ↗CRD 6413
Its Form ADV brochure (filed July 2026) names LPL Enterprise and LPL Financial as the broker-dealer its advisers are registered with.
LPLE’s advisory services are made available to clients primarily through individuals associated with LPLE as investment adviser representatives (IARs).
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 22,822 | $13B | 51% |
| Individuals | 79,249 | $12B | 47% |
| Corporations or other businesses | 286 | $216M | <1% |
| Pension and profit sharing plans | 127 | $201M | <1% |
| Charitable organizations | 79 | $49M | <1% |
Disciplinary disclosures
LPL Enterprise, LLC answers yes to 10 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗lpl.com ↗
AtlasMembers
The full record on LPL Enterprise, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 2 years of filings
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- Growth over one, three and five years
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- Rank against 53 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 5Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does LPL Enterprise, LLC manage?
LPL Enterprise, LLC reports $24.9 billion in regulatory assets under management across 139,192 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 15, 2026.
What kind of firm is LPL Enterprise, LLC?
LPL Enterprise, LLC is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are LPL Enterprise, LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($12.7 billion, 22,822 clients); individuals ($11.8 billion, 79,249 clients); corporations or other businesses ($216 million, 286 clients).
Does LPL Enterprise, LLC have any disciplinary history?
LPL Enterprise, LLC answers yes to 10 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is LPL Enterprise, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-15), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →