About LPL-- a New Standard for Your Finances

LPL was formed in 1989 through the merger of two small but successful brokerage firms, Linsco (established in 1968) and Private Ledger (founded in 1973). Today, LPL is America's No. 1 independent brokerage firm based on previous year's revenues as reported in Financial Planning Magazine, June 1996-2005.

LPL's rise to prominence has been driven by a commitment to independence, excellence and the simple premise that achieving your financial goals requires:

• Solid, unbiased advice

• Meaningful, timely information and research

• Easy access to value-added investments and services

• Unparalleled customer service

Your LPL Financial Advisor can deliver all of these to you, thanks to support from LPL's technology, our comprehensive training programs and our dedicated personnel.

As LPL moves into our fourth decade, we remain committed to leading the independent brokerage business. We continue to set the highest standards in every aspect of supporting our advisors so that they may help you realize a new standard for your financial future.

LPL Facts

• LPL has been the number one independent broker dealer in the nation for ten consecutive years*

• $1.1 billion in revenue in 2004

• Service to over 380 financial institutions

• Over $78 billion invested and managed annually

• Over $30 billion in assets in LPL's fee-based programs

• Over 3.9 million trades annually