LPL Financial

LPL Financial


Business head: Matthew Enyedi

No. clients: 342

AUC: $105,000

Min. assets: None

In the News

Advisor Group loses another big team, this one with $2.5 billion in assets

October 16, 2019 - Cambridge Investment Research Inc. has reeled in a large group of advisers, the Nettuno Group, that was formerly registered with FSC Securities Corp., one of the broker-dealers in the Advisor Group network. The Nettuno Group, which is based in Milton,...

How far will LPL move amid an industry price war?

October 15, 2019 - Management at LPL Financial is trying to figure out how to wade deeper into the pricing war that discount broker and RIA custodian Charles Schwab Corp. ignited at the start of the month when it said it was eliminating commissions for online trading of...

Adviser managing $100 million at JPMorgan Chase goes indie with LPL

October 14, 2019 - Joseph Mazzucco, who managed $100 million at JPMorgan Chase in Rye Brook, N.Y., has formed his own firm, Stonebrook Wealth Management. [More:​ See more adviser moves in InvestmentNews' Advisers on the Move database.] The new firm, which will use the...

Ex-LPL broker ripped off clients using phony Taylor Swift charity: New Hampshire

October 11, 2019 - A broker fired by LPL Financial in August is facing an injunction and asset freeze from New Hampshire's bureau of securities regulation, which alleges the broker, Dain F. Stokes, solicited two clients to invest more than half a million dollars in a fake...

Riskalyze growing into much more than a risk assessment tool

October 7, 2019 - Eight years ago, Riskalyze was created to provide a digital, mathematical approach to client risk assessment. In 2019, the technology startup is so much more than that. At its annual Fearless Investing Summit last week in Boston, Riskalyze introduced...

Small advisers struggle with cybersecurity demands of regulators

October 7, 2019 - Cybersecurity remains a top concern of registered investment advisers, but smaller firms are struggling to keep up. State securities regulators are concerned about a growing number of deficiencies related to cybersecurity at state-registered investment...

Advice industry reacts to Jud Bergman's death

October 4, 2019 - News that Envestnet CEO Jud Bergman died in a car accident Thursday along with his wife, Mary Miller, shook the financial advice industry. As the leader of the largest turnkey asset management platform and adviser technology provider, Mr. Bergman was...

LPL reels in three teams from Advisor Group broker-dealers

October 3, 2019 - LPL Financial is starting the final quarter of the year with a recruiting bang, having recently snagging three teams with close to $1.5 billion in client assets from rival Advisor Group broker-dealers. Earlier this week, Financial Solutions Group of Alexandria,...

Ex-LPL broker arrested, charged with running Ponzi scheme

October 2, 2019 - A former LPL Financial broker, James T. Booth, was arrested Monday morning in Norwalk, Conn., for allegedly fraudulently obtaining almost $5 million from clients and using it to pay personal and business expenses. From 2013 through 2019, Mr. Booth, 74,...

Hybrid broker managing $130 million switches to LPL from Amerprise

October 1, 2019 - Joshua Lambert, who managed $130 million as a hybrid broker at Amerprise Financial in Mount Vernon, Ohio, has affiliated with LPL Financial's broker-dealer and corporate registered investment adviser platforms. [More:​ See more adviser moves in InvestmentNews'...

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