Harwood Feffer LLP Announces Investigation of LPL Financial Holdings, Inc.

Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of LPL Financial Holdings, Inc. ("LPL Financial" or the "Company") LPLA, concerning whether the board has breached its fiduciary duties to shareholders.

On February 11, 2016, LPL Financial, contrary to earlier statements touting the financial health of the Company, reported a 35% decline in gross profits. The steep decline in LPL's finances was reported only after the former owner of the Company sold off more than 4.3 million shares in accelerated trading. When the news became public, LPL's stock price declined by more than 35%. Our investigation concerns whether the Company's board of directors breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own LPL Financial shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Matthew M. Houston, Esq.

Benjamin Sachs-Michaels, Esq.

Harwood Feffer LLP

488 Madison Avenue

New York, New York 10022

Phone Numbers:

(877) 935-7400

(212) 935-7400

Email: mhouston@hfesq.com

Website: http://www.hfesq.com

Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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