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

Wisconsin advisory firm leaves broker-dealer NPC for Woodbury Financial Services

October 17, 2017 - Another firm that had been affiliated with National Planning Corp. has decided not to sign on with LPL Financial, which bought NPC as part of its acquisition of the National Planning Holdings broker-dealer network. The Feucht Financial Group, which administers...

$1.3 billion advisory firm leaves NPC for Commonwealth

October 16, 2017 - Paris International, a $1.3 billion financial advisory firm based in Great Neck, N.Y., has chosen Commonwealth Financial Network as its broker-dealer, the two companies said Monday. "We are extremely pleased to welcome Paris International to Commonwealth,"...

In a turnaround, Wells Fargo Advisors sees slight bump in headcount

October 13, 2017 - Wells Fargo Advisors has staunched the hemorrhaging of financial advisers — for now, at least — that has plagued it since last year when its parent, Wells Fargo & Co., revealed a widespread banking scandal that affected its retail customers. The firm...

401(k) referrals rare from wealth managers despite DOL fiduciary rule

October 11, 2017 - Conventional wisdom is that the Department of Labor's conflict-of-interest rule would result in a flood of referrals from wealth management advisers and other less-specialized retirement plan advisers to retirement-plan specialists. Beware of conventional...

Dan Arnold's big gamble at LPL Financial

October 7, 2017 - DAN ARNOLD, THE NEW CEO of LPL Financial Holdings Inc., is making bold moves to increase profitability at the nation's largest independent broker-dealer, and while he's pleasing Wall Street, some LPL affiliates and advisers are questioning how they fit...

Painful end for advisers who bought RCAP shares

October 5, 2017 - For advisers and executives who owned shares of RCAP, the defunct, mammoth brokerage firm formerly controlled by Nicholas Schorsch, a painful financial chapter of their lives ended last month. A federal judge in New York approved the settlement of a class...

Private equity firms see hidden value in 401(k) record keeping

September 28, 2017 - Sometimes when enough people say the same thing, it becomes the conventional wisdom. That doesn't necessarily make it true. Most 401(k) industry experts claim there isn't money to be made in the record-keeping business. But some heady private equity firms...

Colorado indicts former LPL rep on securities fraud, theft charges

September 27, 2017 - Colorado has indicted former LPL broker Sonya Camarco on six counts of securities fraud and seven counts of theft. She is accused of diverting more than $850,000 in client funds for personal use between January 2013 and May. On Aug. 9, she was terminated...

Kovack Securities buys brokerage assets of Capital Guardian

September 27, 2017 - Kovack Securities Inc. said on Wednesday it had purchased the brokerage assets of Capital Guardian, a wealth management firm with 35 financial advisers that shut down its broker-dealer in July, according to its BrokerCheck report. It was Kovack Securities'...

With margins crashing, broker-dealers look to merge: report

September 21, 2017 - As operating margins of independent broker-dealers have crashed over the last decade, two types of business models have emerged as the industry steadily consolidates: large firms with scale and smaller, more focused firms serving a niche. That's one of...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

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