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

In deregulated environment, Ameriprise may be moving back into retail banking

February 16, 2018 - Ameriprise Financial Inc. is exploring the idea of getting back into the banking business, which could boost the firm's profitability. The brokerage and insurance giant had its own bank prior to the credit crisis but wound down that operation in 2012...

Cetera creates 'traditional' and 'specialty' channels for its six B-Ds

February 13, 2018 - Cetera Financial Group has reorganized its six broker-dealers into two "channels" — traditional and specialty. The traditional channel consists of Cetera Advisors, First Allied Securities and Summit Brokerage Services. Brett Harrison, now CEO of Cetera...

LPL rolls out robo-adviser to regional bank

February 13, 2018 - Regional banks are now looking at offering robo-advice to expand their presence in the financial advice market. Webster Bank, a $26.4 billion financial institution with branches in Connecticut, Rhode Island, Massachusetts and New York, announced that...

LPL censured and fined $375,000 over brokered CD record keeping

February 9, 2018 - The Financial Industry Regulatory Authority Inc. has censured LPL Financial and fined it $375,000 for having inadequate procedures in place to fully disclose all material risks and features of brokered certificates of deposit that it sold to customers....

As LPL buys broker-dealers, its rivals also benefit

February 8, 2018 - The more broker-dealers LPL Financial buys, the better it is, not only for LPL itself, but also for the rest of the independent broker-dealer industry. An acquisition means disruption, and that turns into lots of advisers looking to move to the firm that...

Preaching calm, veteran advisers prepped clients for market drop

February 6, 2018 - Veteran financial advisers have been talking to clients for months about when — not if — a correction in the stock market would hit. Their message after Monday's historic 1,175 point drop in the Dow: Stay calm. "First, don't panic; second, get additional...

Eight brokerage firms urge CFP Board to delay new fiduciary standards

February 5, 2018 - Eight major brokerage firms are calling on the Certified Financial Planner Board of Standards Inc. to halt its effort to raise the investment-advice requirement attached to the designation until the Securities and Exchange Commission proposes its own...

LPL rep managing $186 million joins Ameriprise

February 5, 2018 - Neil Bailey, who managed $186 million in assets while a rep at LPL Financial in Cincinnati, has joined the employee channel of Ameriprise. Joining as well are his team: adviser Molly Grimm and two client service associates. Mr. Bailey began his securities...

The dealmakers financing top adviser technology

February 3, 2018 - Until recently, most private equity and venture capital firms ignored the adviser technology space, preferring instead to seek sexier — and often more lucrative — markets in consumer fintech. But some recognized the adviser industry's desperate need...

LPL Financial signs up 953 NPH advisers and $34.4 billion in assets

February 1, 2018 - LPL Financial Holdings Inc. reported Thursday that it was on track to hit its target of bringing over 70% of the revenue of National Planning Holdings, a company it acquired last year. In its fourth-quarter earnings report, LPL did not report how much...

    Notes
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