LPL Financial

LPL Financial

Share:

Business head: Matthew Enyedi

No. clients: 342

AUC: $105,000

Min. assets: None

joinlpl.com

In the News

Retirement plan advisers turning to RIA aggregators to build practices

May 21, 2017 - Some retirement plan advisers are turning to so-called "RIA aggregators" that focus on the defined contribution market to help them build their practices, the primary allure being the scale and support afforded by a large, like-minded adviser network....

LPL leads a big quarter for broker-dealer moves

May 17, 2017 - Financial advisers continued to shuffle between broker-dealers during the first quarter, but the average size of the teams has crept higher, according to data compiled by InvestmentNews. LPL Financial and Raymond James Financial stood out as the biggest...

Broker-dealers try to hold the line on advisory and wrap account fees

May 16, 2017 - For over a year, CEOs of top broker-dealers have been peppered with questions by analysts who cover their companies about fees. Can firms sustain their current level of fees they charge clients in the new era of the fiduciary adviser? Will they be cut,...

Broker-dealers are seeing a cut in annual SIPC assessments; will advisers see the same?

May 16, 2017 - Broker-dealers, which loudly complain about increasing costs due to regulation such as the Department of Labor's fiduciary rule, are actually seeing one regulatory expense decrease this year: the annual assessment firms pay to the Securities Investor...

A $420 million Merrill Lynch team joins LPL

May 9, 2017 - A four-person team that managed $420 million in assets at Merrill Lynch in Melville, N.Y., has gone independent and affiliated with LPL Financial. The Choice Group Wealth Management, led by advisers Ira Katz, John Scala, Bryce Wilinski and Daniel McNicholas,...

Massachusetts fines LPL $1 million for failure to supervise advisers at credit union

May 4, 2017 - The Massachusetts Securities Division has fined LPL Financial $1 million for failing to supervise its financial advisers who operated out of the Digital Federal Credit Union. The agents, who were dual employees and worked under the name DCU Financial,...

LPL's Dan Arnold: How regulatory uncertainty is affecting financial advisers

May 1, 2017 - Uncertainty surrounding the DOL fiduciary rule has created headwinds for financial advisers, though they are seeing new reasons to be optimistic about growing their practices, according to LPL Financial president and CEO Dan Arnold.

Large independent broker-dealers continue to make headway with recruits

May 1, 2017 - After a strong recruiting year in 2016, large broker-dealers continued to ring up recruiting gains in the first quarter. For example, Ameriprise Financial Inc. said that close to 100 veteran advisers moved their practices to the firm in the first quarter,...

Jailed former LPL rep faces SEC fraud charges

April 27, 2017 - Thomas Edward Andrews, a former broker with LPL Financial in rural Utah who's now in federal prison, has been charged by the SEC with defrauding 23 investors. Also included in the charge is his former assistant, Scott Christensen, who also is in prison....

Nationwide Securities loses hybrid team to LPL

April 26, 2017 - Lighthouse Wealth Advisors, a hybrid advisory firm in Charleston, S.C., has affiliated with LPL Financial's broker-dealer and registered investment adviser platforms. At its previous firm, Nationwide Securities, the group managed $178 million in client...

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

For comments or suggestions about the Adviser Center, please contact us.

Latest news & opinion

Advisers go on the offensive, getting clients ready for the next market correction

Some proactive planners are spelling out for clients the impact of a 10% or 20% correction.

Acosta declines to extend delay of DOL fiduciary rule

Labor Secretary finds no legal basis to delay implementation; rule to become applicable June 9

Phyllis Borzi says opponents of DOL fiduciary rule face uphill climb to further delay or dilute it

Former assistant Labor secretary who crafted the rule says President Trump won't be able to get rid of it simply because he doesn't like it.

Shrinking talent pool puts strain on advisory firms

Attrition, cuts in training programs and new competition make it difficult to fill job openings

Trump miscues, more cash becoming available will drive summer muni bond rally

As Trump agenda derails, municipal bonds are benefitting from flight to safety as well as a mismatch between bonds maturing and new issues.