The parent company of LPL Financial (LPLA) went public on November 18. LPL is still majority-owned by the private equity firms TPG Capital and Hellman & Friedman.

As of December 9, its shares were trading near $35, after going public at $30. This means its shares are handily beating the major stock markets, judging from three weeks of performance.

“What more could one ask for?” said Chip Roame, head of Tiburon Strategic Advisors, a consulting firm based in northern California. “It’s been hugely successful.”

LPL went public the same day as General Motors. “That seems savvy to me,” Roame explained. “It somewhat rode [GM’s] tailwinds, but also outperformed it.”

As for how LPL may do in 2011, the consultant sees a good year head. “LPL is the leader in a market that benefits from two critical trends: One, break-away brokers leaving wirehouses and, two, individual financial advisors migrating to the larger firms with the most support. My guess is that it continues to outperform.”