After months of discussions concerning its initial public offering, LPL Investment Holdings Inc., the parent company of independent broker-dealer LPL Financial Corp., began trading on the Nasdaq Thursday.

"Our firm's public listing on the NASDAQ Stock Market is an exciting next step for our company," said Mark Casady, LPL's chariman and CEO. "We selected the symbol 'LPLA' to show our commitment to independent, unbiased advice. The 'A' represents our advisors and the objective advice they give to Main Street investors."

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