LPL Financial

LPL Financial

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Business head: Matthew Enyedi

No. clients: 342

AUC: $105,000

Min. assets: None

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In the News

Top independent broker-dealers by revenue and payout

April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...

Independent broker-dealers hit a wall

April 22, 2017 - As commission revenue continued its decline in 2016 and headwinds from regulators stiffened, the independent broker-dealer industry hit a wall, with the top 25 firms — those with roughly $250 million and more in total revenue — collectively reporting...

3(38) vs. 3(21) investment fiduciary services: the pros and cons for 401(k) advisers

April 7, 2017 - As lawsuits targeting 401(k) plan sponsors have proliferated and buzz around the Department of Labor's fiduciary rule continues building, demand for investment fiduciary services has grown among employers, and advisers have evolved to meet the demand....

Advisers profit through association with Dave Ramsey — but not by as much as in the past

April 7, 2017 - Dave Ramsey is a well-known radio personality, author and motivational speaker, known for preaching a gospel of debt-free living to a fan base that appreciates his message and tries to follow his advice. But Mr. Ramsey also has another appreciative fan...

LPL loses $200M team to HighTower St. Louis

March 27, 2017 - Rogers & Co. Wealth Management, a seven-person firm in St. Louis managing $200 million in assets, has merged with HighTower St. Louis, which was known as Archer Wealth Management until it was acquired by HighTower last year. The combined firm manages...

Fidelity's RIA business: a strong No. 2 that's working harder

March 26, 2017 - Fidelity lost its title as the largest mutual fund manager to archrival Vanguard Group in 2003, and in the race for RIA assets, Fidelity also plays second fiddle — in this case, to Charles Schwab & Co. But if you put all of its businesses together,...

Despite uncertainty, Department of Labor fiduciary rule upends 401(k) biz

March 19, 2017 - Even though its fate is unclear, the Department of Labor's fiduciary rule is upending the retirement plan adviser market, which spans the adviser spectrum from "dabblers" to defined contribution "specialists." Observers say such changes began taking root...

Social media's place in marketing

March 19, 2017 - I​ didn't start my career in marketing. In fact, my first desire to understand marketing was because I had a sizable sales goal. My position required me to reach a national audience with little to no brand recognition — or marketing budget. So in...

LPL spent big on recruiting in 2016

March 17, 2017 - After reporting that 2016 was its best recruiting year ever, adding 323 net financial advisers, LPL Financial is now revealing that it paid handsomely for those recruits. As of the end of last year, LPL had a forgivable loan balance of $136.7 million...

Merrill Lynch outlines plans for its 401(k) fiduciary platform

March 15, 2017 - Merrill Lynch Wealth Management outlined plans Wednesday to transition its defined-contribution-plan business over to a fiduciary model, coming several months after the firm announced similar plans for its retail retirement business and as the implementation...

    Notes
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  • N/D = Not disclosed
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