LPL Financial says that its steady revenue growth over the past three years has landed the firm on the 2021 Fortune 500 List.

LPL came in at No. 466 among the largest U.S. companies by annual revenue, according to the firm. That’s thanks to the company posting a record $5.9 billion in earnings in 2020, which represents growth of close to 37% over the past three years, LPL says.

Founded in 1989 with the aim of supporting independent financial advisors, LPL’s total advisory and brokerage assets reached half a trillion dollars by 2016 — and have since doubled, surpassing $1 trillion as of Apr. 30, 2021, according to the firm.

LPL now has more than 4,800 employees supporting more than 18,000 advisors, 800 financial institutions and 450 independent registered investment advisor firms nationwide, representing more than six million investor accounts, the company says.

“The performance of our company is a testament to the extraordinary work our financial advisors do for their clients and the dedication of our team to deliver on our mission to take care of our advisors so they can take care of their clients,” Dan Arnold, LPL CEO and president, says in a statement. “We maintain an unwavering commitment to advisor independence, a model that is increasingly preferred by both advisors and investors as the marketplace seeks choice, transparency and personalized experiences.”

This year’s Fortune 500 list includes several of LPL’s larger rivals, including JPMorgan Chase, which dropped two spots to No. 19; Bank of America, which fell four spots to No. 29; and Citigroup and Wells Fargo, both of which come in among the top 40. Morgan Stanley, meanwhile, remained at No. 61, while Ameriprise dropped eight spots to No. 253, Edward Jones rose 41 spots to No. 295 and Voya Financial rose 21 spots to No. 332. Raymond James jumped 29 spots, to No. 367.

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