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 reels in $520 million team from rival Cambridge

October 18, 2018 - LPL Financial said on Thursday that a large, 14-person team in Cedar Rapids, Iowa, with $520 million in client assets recently left Cambridge Investment Research Inc. to join LPL. Premier Investments of Iowa is led by Jeff Johnston, president, and Brock...

Ex-Wells Fargo broker complaint wins class action status in fight over deferred compensation

October 16, 2018 - A federal judge has granted class action status to a lawsuit brought by a financial adviser who claimed Wells Fargo Advisors cheated him out of $200,000 in deferred compensation. The adviser, Robert Berry, worked at Wells Fargo Advisors and predecessor...

Raymond James snags $285 million team from LPL in Rochester, N.Y.

October 16, 2018 - Raymond James has snagged a $285 million team from LPL Financial in Rochester, N.Y. The team, which operates as Legacy Financial Planning, includes financial advisers Tamar "Tammy" Mogilski and Brian Bedford. They have offices in Shelton, Conn., and Oswego,...

After Ohio National decision, the fine print of annuity trails is now a must-read

October 13, 2018 - It's still a fresh sting, hearing that Ohio National Financial Services Inc. plans to terminate servicing agreements and cut off trail commissions to broker-dealers that sell some of its variable annuities. Can they really do this, some B-Ds wonder? Until...

Market forecasters dissect the sell-off

October 11, 2018 - Wednesday's market moves were enough to induce motion sickness, as the S&P 500 index fell 3.3%, the Dow down 832 points and the Nasdaq dropped more than 4.4%. But investment strategists note that this week's slide follows a very subdued third quarter....

Allianz dumps its IBD

October 11, 2018 - Another life insurance company is dumping its independent broker-dealer, with Allianz Life Insurance Co. of North America saying on Thursday it was leaving the retail broker-dealer and RIA businesses. Advisers with Allianz's Questar Capital Corp., the...

LPL reels in $275 million team from Securities America

October 9, 2018 - LPL Financial said on Tuesday that it recently snagged a team of eight advisers based in Colorado with close to $275 million in brokerage and advisory assets from rival Securities America Inc., one of the broker-dealers in the Ladenburg Thalmann Financial...

LPL Retirement Partners hires new chief

October 8, 2018 - LPL Financial has selected Bryan Hodgens to head up its retirement plan adviser unit, marking the second time in a little over a year that the nation's largest independent broker-dealer has seen a shake-up in the executive ranks at LPL Retirement Partners....

How Ohio National's move may lead to 'unscrupulous' broker behavior with annuities

October 4, 2018 - Ohio National Financial Services Inc. recently told broker-dealers it would be terminating trailing commissions on some of its variable annuities, which has led experts to fear that the insurer's action will cause unscrupulous behavior among brokers....

LPL recruits $220 million Missouri team from Waddell & Reed

October 3, 2018 - BMG Advisors, a Kansas City-based team, has joined LPL Financial from Waddell & Reed. BMG Advisors has served approximately $220 million in client assets. Formerly known as Buford-Malone Group, the team includes Jennifer Malone, Andrew Rogers, Adam Hawley...

    Notes
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