Catering to RIAs served LPL Investment Holdings very well in 2011. The Boston-based independent broker-dealer firm reported that AUM in the LPL Financial RIA platform grew to $22.7 billion by year-end 2011, up 68.1% from $13.5 billion the year before.
That strong growth solidified LPL’s position as one of the largest RIA custodians in the industry, the company announced in its fourth quarter and 2011 year-end financial results.
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