Frank Galzarano is a financial advisor who has aligned with LPL Financial, largest independent broker/dealer in the nation*. LPL Financial does not engage in investment banking and offers no proprietary products. Their sole business is providing support and service to independent advisors like our company. As a result, we are able to keep our clients’ goals and interests in the forefront, without concern for top-down sales goals or product mandates. It’s a “best of both worlds” approach that lets us offer the extensive capabilities of an established national firm, and the Main Street service of an advisor who really listens.
Counter-party risk assessment
LPL Financial utilizes an enterprise risk management group to routinely examine the health of business partners with which we have relationships in order to assess risk. This process includes extensive research, due diligence, financial analysis, and forward-looking measures of financial strength and sustainability. This team monitors all outstanding debits and credits and the firms that clear those trades to ensure that they do not pose any undue risk to LPL Financial or its clients.
No Investment Banking
LPL Financial does not engage in the business practices of banks or investment banks. It does not provide loans to hedge funds or other speculators. It does not hold any securities on its books that are open to market risk.
*As reported by Financial Planning magazine, June 1996-2017, based on total revenue.