LPL Financial is a company providing a platform for brokerage and investment advisory services to independent financial advisors. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income products, insurance, and alternative investments, such as non-traded real estate investment trusts and business development companies. The company also offers fee-based advisory platforms and support, which provides access to no-load/load-waived mutual funds, exchange-traded funds, stocks, bonds, conservative option strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities.