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 Financial recruits five advisers from PNC Investments

December 6, 2018 - LPL Financial has recruited a five advisers managing $225 million in client assets from PNC Investments. The advisers will align with Bedminster, N.J.-based Gladstone Advisors, and LPL's broker-dealer and corporate registered investment adviser platforms....

LPL buys AdvisoryWorld for $28 million in cash

December 3, 2018 - LPL Financial has acquired AdvisoryWorld, a 31-year-old adviser technology firm, for $28 million in cash. AdvisoryWorld produces a suite of digital tools for investment analytics, portfolio construction and proposal generation. More than 30,000 advisers...

Anger over Ohio National's attack on VA contracts

November 30, 2018 - I am angry and appalled by Ohio National Financial Services' announcement that it will terminate the trailing commissions on existing variable annuity contracts with guaranteed income benefits. Talk about changing the rules in the middle of the game!...

LPL recruits $300 million Founders Federal Credit Union group from Cetera

November 28, 2018 - LPL Financial has recruited a team managing $300 million from Cetera Advisor Networks, one of six independent broker-dealers under Cetera Financial Group. Founders Investment Services, an advisory unit of Founders Federal Credit Union in Lancaster, S.C.,...

Large broker-dealers expand how they work with small 401(k) plans

November 28, 2018 - Large brokerage firms are giving more attention to how their financial advisers do business with small 401(k) plans. Firms such as UBS Wealth Management Americas, Raymond James, LPL Financial, Morgan Stanley Wealth Management, Merrill Lynch Wealth Management...

Independent broker-dealers fastest-growing brokerage group

November 28, 2018 - Independent broker-dealers saw the greatest asset growth over the past five years compared with other types of broker-dealers, according to new research from industry consultant Cerulli. IBDs posted a compound annual growth rate in assets of 11%, nearly...

BlackRock takes equity stake in Envestnet

November 27, 2018 - The world's largest asset manager is buying a piece of one of the largest adviser technology providers. BlackRock plans to invest $122.8 million to acquire a 4.9% equity stake in Envestnet in an effort to integrate BlackRock's technology, including a...

Cetera broker-dealers latest to file legal claim against Ohio National

November 21, 2018 - This story has been updated to include additional information not available when originally published. The six broker-dealers in the Cetera Financial Group network have filed arbitration claims against Ohio National Life Insurance Co. and affiliates,...

Finra bars ex-LPL broker who controlled customer accounts

November 20, 2018 - The Financial Industry Regulatory Authority Inc. barred a former LPL Financial broker Monday who controlled two customers' bank accounts, bypassed LPL's supervision by not disclosing she was named as power of attorney for a firm customer, and was named...

Ohio National lays off chief distribution officer; president retires after three months on the job

November 20, 2018 - Ohio National Financial Services Inc. laid off its chief distribution officer, H. Douglas Cooke, at the same time that president and chief operating officer Christopher Carlson has decided to retire, three months after being promoted. The executive changes...

    Notes
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  • N/D = Not disclosed
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