LPL Financial Announces Filing of Registration Statement for Initial Public Offering of Common Stock

Jun 04, 2010, 15:53 ET from LPL Investment Holdings Inc.

BOSTON, June 4 /PRNewswire/ -- LPL Investment Holdings Inc. ("the Company"), parent company of LPL Financial Corporation ("LPL Financial"), today announced that it has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) in connection with the initial public offering of its common stock.

The offering will consist of primary shares to be sold by the Company and secondary shares to be sold by some of its existing minority stockholders.  The Company intends to use net proceeds from the proposed public offering for repaying indebtedness.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Goldman, Sachs & Co. and Morgan Stanley will serve as Senior Bookrunners for the proposed offering, with Bank of America / Merrill Lynch and JP Morgan serving as Junior Bookrunners.  

The offering will be made only by means of a prospectus. Once available, a preliminary prospectus relating to this offering may be obtained from:  


Goldman, Sachs & Co.

Morgan Stanley & Co. Incorporated

Attn: Prospectus Department

Attn: Prospectus Department

200 West Street, New York, NY 10282

180 Varick Street, New York, NY 10014

Phone: (866) 471-2526

Phone: (866) 718-1649

Email: prospectus-ny@ny.email.gs.com

Email: prospectus@morganstanley.com

Fax: (212) 902-9316





This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About LPL Financial

LPL Financial is one of the nation's leading financial services companies and largest independent broker-dealer (based on total revenues as reported in Financial Planning magazine, June 1996-2010).  With approximately 2,500 employees and offices in Boston, Charlotte, and San Diego, LPL Financial and its affiliates offer industry-leading enabling technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 12,000 financial advisors, more than 750 financial institutions, and approximately 4,000 institutional clearing and technology subscribers.

Forward-Looking Statements

This press release contains forward-looking statements relating to the Company's planned initial public offering, participation of selling stockholders in the offering and its proposed use of proceeds.  These forward-looking statements involve risks and uncertainties, including the Company's ability to complete the IPO in its expected timeframe or at all, the Company's ability to exercise discretion in the use of any IPO proceeds, and which shareholders, if any, will want to sell shares in its offering.

Media Contacts

Michael Herley / David Lilly

Kekst and Company

212-521-4897 or 212-521-4878

michael-herley@kekst.com or david-lilly@kekst.com



SOURCE LPL Investment Holdings Inc.