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

LPL rolls out blockchain separately managed account

June 18, 2018 - LPL Financial has rolled out a new blockchain strategy separately managed account that LPL's advisers can offer their clients or use to build client portfolios. Blockchain is the driving force behind bitcoin and many other cryptocurrencies, but there...

Vermont hybrid managing $330 million moves from Lincoln to LPL

June 14, 2018 - Flood Financial services, a hybrid firm managing $330 million in assets in South Burlington, Vt., has switched its broker-dealer and registered investment adviser platforms from Lincoln Financial Services to LPL Financial Services. Richard Flood, a partner...

Advisers with billions in AUM leaving Wall Street

June 13, 2018 - The biggest firms continue to lose groups of financial advisers that have billions of dollars worth of assets under management. These advisers are moving because they want to set up their own shops so they can own a business or to work at smaller rivals...

Galvin announces settlement with LPL allowing investors to get their money back

June 13, 2018 - Secretary of the Commonwealth William F. Galvin announced Wednesday that his office had reached a settlement with LPL Financial that allow Massachusetts investors who were improperly sold securities by the firm over a 12-year period to get their money...

LPL in talks to sell 401(k) rollover platform to Global Retirement Partners

June 12, 2018 - LPL Financial is in talks to sell Worksite Financial Solutions, a platform that helps advisers service 401(k) rollovers, to Global Retirement Partners, the largest retirement-focused advisory firm in LPL's network. LPL, the largest independent broker-dealer...

After firms dump protocol, advisers show reluctance to make a move

June 5, 2018 - Last fall, Morgan Stanley and UBS Wealth Management Americas left an agreement among brokerage firms that allowed brokers and advisers to take a limited amount of client information to a new employer without being sued. Called the Protocol for Broker...

LPL loses broker-dealer business of $915 million hybrid to Private Client Services

June 4, 2018 - RFG Advisory, a hybrid firm based in Birmingham, Ala., whose RIA arm manages $915 million, has switched its broker-dealer affiliation from LPL Financial to Private Client Services. According to its website, the hybrid has $817 million in brokerage and...

Top adviser aggregators focused on defined-contribution retirement plans

June 2, 2018 - Firm Total DC assets ($B) overseen by network advisers No. of DC advisers** Primary contact Business model CAPTRUST*** $221 95 Rick Shoff Managing Director, Advisor Group Raleigh, N.C. (215) 499-3361 rick.shoff@captrustadvisors.com Acquisition. RIA: Captrust...

The legacy of the DOL fiduciary rule: Almost gone, but never forgotten

June 2, 2018 - Even as the Labor Department's​ fiduciary rule teeters on the edge of demise, its legacy will continue to profoundly influence how investment advice is delivered. The regulation's likely obituary will not be as heart-wrenching for its supporters as...

LPL loses hybrid group managing $750 million to Triad

May 31, 2018 - Pinnacle Private Wealth, a hybrid firm managing more than $750 million in assets, has switched its broker-dealer and hybrid RIA custodial platforms from LPL Financial to Triad Advisors. Pinnacle makes its headquarters in Woburn, Mass., outside Boston,...

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

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