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

Is LPL's deal sweet enough for NPH's 3,200 reps and advisers?

August 16, 2017 - LPL Financial's deal to acquire the National Planning Holdings Inc. broker-dealer network was embraced by Wall Street on Wednesday, but the 3,200 NPH registered reps and advisers who manage $120 billion in client assets must evaluate the deal on their...

LPL Financial buys NPH, a broker-dealer network with 3,200 advisers

August 15, 2017 - After weeks of speculation, LPL Financial said on Tuesday it had completed the purchase of National Planning Holdings Inc., an independent broker-dealer network with 3,200 advisers. The deal is structured as an asset purchase with an initial price of...

National Planning Holdings acquisition could be real boost to LPL earnings: analyst

August 10, 2017 - If LPL Financial Holdings Inc. acquires the four broker-dealers in the National Planning Holdings' network, the largest independent contractor broker-dealer could see earnings growth next year of 20%, according to Steven Chubak, an analyst at Nomura Securities....

National Planning Holdings CEO to advisers: No comment on LPL takeover talk

August 9, 2017 - With speculation swirling about an imminent sale of the four National Planning Holdings Inc. broker-dealers, the network's CEO, Scott E. Romine, last week took the extraordinary step to send an email to the 3,500 reps and advisers affiliated with the...

Top clearing and custody firms for financial advisers

August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...

LPL's new CEO intent on moving beyond problems

August 3, 2017 - It's obvious that Dan Arnold, LPL Financial's new CEO, is trying to move beyond problems that have dogged the firm over the last several years, strike a positive tone and, as he emphasized repeatedly, delight the more than 14,000 advisers who work as...

LPL preparing two tech additions for advisers and their clients

August 1, 2017 - LPL Financial is getting ready to drop two significant technology tools for its more than 14,000 advisers: a finished robo-platform and a new mobile app for clients. The robo-platform, which is called Guided Wealth Portfolios and has been in the works...

$6 billion hybrid RIA group leaves LPL for Cetera

August 1, 2017 - A group of advisers with roughly $6 billion in retirement plan assets has left LPL Financial for Cetera Advisor Networks, according to a source with knowledge of the move. The three advisers belong to Alliant Retirement Consulting, a hybrid registered...

SEC charges four former reps with fraud for VA sales targeting federal employees

July 31, 2017 - An earlier version of this story incorrectly implied that the former brokers charged were registered with another securities firm when the allegations occured. The Securities and Exchange Commission has charged four former Atlanta-area brokers with fraudulently...

LPL's Dan Arnold: 'Uberization' is coming to advisers' offices

July 31, 2017 - LPL Financial is taking a page from Uber, the tech company that upended the taxi industry and has become a model for the shared economy, to potentially lower costs and free up time for advisers. In remarks Monday morning in Boston at LPL's annual conference...

    Notes
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Is LPL's deal sweet enough for NPH's 3,200 reps and advisers?

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