LPL Financial vs Fidelity: A Comparative Guide to Two Investment Powerhouses
LPL Financial vs Fidelity: A Comparative Guide to Two Investment Powerhouses
Understanding LPL Financial and Fidelity Investments
LPL Financial is the largest independent broker-dealer in the United States, with over $800 billion in client assets under management. It offers a wide range of investment products and services, including stocks, bonds, mutual funds, and annuities.
Fidelity Investments is one of the world's largest asset managers, with over $4 trillion in assets under management. It offers a similar range of investment products and services, as well as retirement planning and advisory services.
| Feature | LPL Financial | Fidelity Investments |
|---|---|---|
| Assets Under Management | $800 billion | $4 trillion |
| Number of Advisors | 16,000+ | 3,000+ |
| Range of Investment Products | Stocks, bonds, mutual funds, annuities | Stocks, bonds, mutual funds, annuities, retirement planning |
| Advisory Services | Yes | Yes |
| Independent Broker-Dealer | Yes | No |
Key Differences between LPL Financial and Fidelity
Advisor Model: LPL Financial is an independent broker-dealer, meaning it provides its advisors with the flexibility to offer products and services from multiple providers. Fidelity Investments is a proprietary broker-dealer, meaning its advisors can only offer products and services from Fidelity.
Investment Fees: Fidelity Investments generally has lower investment fees than LPL Financial. This is because Fidelity has a larger scale and can negotiate lower fees with investment providers.
| Feature | LPL Financial | Fidelity Investments |
|---|---|---|
| Advisor Model | Independent broker-dealer | Proprietary broker-dealer |
| Investment Fees | Higher | Lower |
| Product Selection | Access to products from multiple providers | Only Fidelity products |
Success Stories
Success Story 1: A retiree who invested through LPL Financial was able to retire early and live comfortably thanks to the help of their financial advisor.
Success Story 2: A small business owner who invested through Fidelity Investments was able to grow their business and create a secure financial future.
Success Story 3: A young professional who invested through LPL Financial is on track to reach their financial goals ahead of schedule.
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