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 loses $1.8 billion retirement group

April 11, 2018 - Ingham Retirement Group, a $1.8 billion advisory firm based in Miami, has left LPL Financial. The firm — a national, independent shop that provides retirement plan consulting and record-keeping, actuarial and investment advice services — left LPL,...

Woodbury latest firm to expand by adding bank brokers

April 10, 2018 - Yet another broker-dealer is taking a stab at working with bank brokers, as Woodbury Financial Services on Tuesday said it had acquired $10 billion in brokerage and advisory assets from Capital One Financial Corp. The deal, terms of which were not disclosed,...

Michigan $120 million indie switches to Securities America

April 10, 2018 - Morrison Nordmann & Associates, an independent managing $120 million in East Lansing, Mich., has switched affiliation from Invest Financial to Securities America. Partners Scott Morrison and Matthew Nordmann founded the firm in 2001 and affiliated with...

Chicago adviser strategically reaching clients with smaller balances

April 9, 2018 - When James Brewer was seeking his own financial adviser in 2005, he was interested in investing in companies that had a history of hiring African-Americans like himself. One adviser he met with was sympathetic and at one point suggested Mr. Brewer consider...

LPL to lose mega hybrid RIA

April 6, 2018 - Independent Financial Partners, a hybrid RIA with roughly $9.5 billion in assets under management and more than 500 advisers, plans to leave LPL Financial as its broker-dealer, according to two people with knowledge of the decision. One of those individuals,...

Team managing $263 million at INVEST joins Commonwealth Financial Network

April 4, 2018 - Riverstone Wealth Partners, which manages $263 million, has switched affiliation from INVEST Financial to Commonwealth Financial Network. The hybrid firm is based in St. Charles and Naperville, Ill. Riverstone is led by partners Jodi Manthei, Ken Koppitz...

Former LPL broker barred for paying own taxes with client money

April 4, 2018 - The Financial Industry Regulatory Authority Inc. has barred former LPL representative Laura Ortega Shean for taking $124,000 from client accounts to pay personal tax bills. Finra said that between March 2017 and October 2017, Ms. Shean made tax payments...

Adviser's Consultant: Luring breakaway brokers to a hybrid RIA

March 30, 2018 - Alex Goss understands the benefits of economies of scale in the financial planning business. By preaching that message to breakaway brokerage reps, he has grown his business to well beyond $3 billion in assets less than four years after his own breakaway....

In his first year as LPL Financial's CEO, Dan Arnold's compensation soars

March 29, 2018 - In his first year as LPL Financial's CEO, Dan Arnold earned $7.4 million, substantially more than the $5.4 million his predecessor earned in his last year in that position, according to the firm's proxy statement filed with the Securities and Exchange...

Independent broker-dealers open up their coffers as fight for talent turns fierce

March 28, 2018 - While the wirehouses have dramatically pulled back in recruiting new brokers, broker-dealers that pay reps as independent contractors are spending like crazy to hire new talent. A key metric for broker-dealers when recruiting new brokers and advisers...

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

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