Results for "lpl financial"

Displaying 1,367 results

Sort: Date | Relevance


LPL expands securities-based loans through Goldman Sachs

March 20, 2018

Brokers and advisers at LPL Financial Holdings Inc. will now be able to offer clients securities-based lending through Goldman Sachs, the investment banking giant that was one of the lead underwriters in LPL's November 2010 IPO. Goldman Sachs...

Stocks of brokerages, insurers rally after DOL rule struck down

March 16, 2018

Morgan Stanley and Principal Financial Group Inc. were among banks and insurers that rallied after a U.S. appeals court struck down a sweeping Obama-era rule that aimed to protect millions of Americans from conflicted investment advice. The...

Invest loses $245 million indie to Kestra

March 15, 2018

Potomac Financial Consultants, which manages $245 million in assets, has switched its affiliation from Invest Financial to Kestra Financial. The firm, based in Germantown, Md., is led by Michelle Bender, who had been affiliated with Invest since...

Ron Carson: I'll leave Cetera if it's sold to LPL

March 14, 2018

Ron Carson, the founder and CEO of the Carson Group, is ready to take his $5.3 billion business elsewhere if his current broker-dealer, Cetera Financial Group, is acquired by LPL Financial. Mr. Carson, who moved to Cetera 14 months ago after...

Team managing $270 million moves from LPL to Kestra

March 7, 2018

The Main Street Group, which manages $270 million in assets and is headquartered in Glen Allen, Va., has switched affiliation from LPL Financial to Kestra Financial. Led by Steve Crawford, Main Street was founded in 1984 and has 22 advisers...

Three indies bring $719 million to Securities America

March 7, 2018

A Super Office of Supervisory Jurisdiction and two independent financial services firms, which collectively manage $719 million in assets, have affiliated with Securities America Inc. The three are the Gandet Group, of Manahawkin, N.J.; Vizionary...

LPL delays full rollout of new tech platform

March 5, 2018

After experiencing kinks in its new wealth management technology platform last week, LPL Financial told its 15,200 advisers Friday that it has decided to keep its old system up and running rather than shut it down at the end of next month. Toward...

LPL's new broker platform clogs up late Tuesday

February 27, 2018

LPL Financial's new wealth management technology platform, ClientWorks, is off to a bumpy start. Three advisers, one in the Northeast, one in the Southeast and another in the Midwest, told InvestmentNews that around 3:30 on Tuesday they experienced...

Are LPL and Cetera Financial Group a potential match?

February 27, 2018

A securities analyst who covers LPL Financial Holdings Inc. wrote a note on Tuesday morning saying that it makes sense for LPL Financial to pursue an acquisition of Cetera Financial Group. "We believe the benefits of a Cetera acquisition are...

LPL wraps up NPH adviser move, declines to say whether it reached revenue goal

February 26, 2018

LPL Financial said Monday it had wrapped up its acquisition of advisers from National Planning Holdings, but declined to say whether it had reached its goal of moving over 70% of the revenue generated by the network's advisers. Last August,...

J.P. Morgan adds more than $8 billion in client assets in fourth quarter

February 22, 2018

J.P. Morgan Securities was the big winner when it came to recruiting financial advisers in the final quarter of 2017, adding client assets of almost $8.2 billion. The firm gained six individual advisers or teams while watching seven move to...

Advisers bemoan LPL's technology platform change

February 22, 2018

After years of effort to move to a new platform for wealth management, LPL Financial is still fumbling around with the latest technology for its more than 15,200 advisers. LPL advisers on a private LinkedIn chat room this month were sounding...

Hub International acquires RIA with $850 million in retirement plan assets

February 21, 2018

Hub International, a firm new to the ranks of 401(k)-focused RIA aggregators, has acquired a Texas-based advisory firm overseeing roughly $850 million in retirement-plan assets. IPS Advisors, based in Dallas, is also an independent life and...

In deregulated environment, Ameriprise may be moving back into retail banking

February 16, 2018

Ameriprise Financial Inc. is exploring the idea of getting back into the banking business, which could boost the firm's profitability. The brokerage and insurance giant had its own bank prior to the credit crisis but wound down that operation...

Cetera creates 'traditional' and 'specialty' channels for its six B-Ds

February 13, 2018

Cetera Financial Group has reorganized its six broker-dealers into two "channels" — traditional and specialty. The traditional channel consists of Cetera Advisors, First Allied Securities and Summit Brokerage Services. Brett Harrison, now...

LPL rolls out robo-adviser to regional bank

February 13, 2018

Regional banks are now looking at offering robo-advice to expand their presence in the financial advice market. Webster Bank, a $26.4 billion financial institution with branches in Connecticut, Rhode Island, Massachusetts and New York, announced...

How to Find the Firm That’s Just Right

February 12, 2018

The right partner should support your clients and empower your practice with what it needs to grow. Learn the key areas to evaluate a firm and download How to Find the Firm That’s Just Right today.

LPL censured and fined $375,000 over brokered CD record keeping

February 9, 2018

The Financial Industry Regulatory Authority Inc. has censured LPL Financial and fined it $375,000 for having inadequate procedures in place to fully disclose all material risks and features of brokered certificates of deposit that it sold to...

As LPL buys broker-dealers, its rivals also benefit

February 8, 2018

The more broker-dealers LPL Financial buys, the better it is, not only for LPL itself, but also for the rest of the independent broker-dealer industry. An acquisition means disruption, and that turns into lots of advisers looking to move to...

Preaching calm, veteran advisers prepped clients for market drop

February 6, 2018

Veteran financial advisers have been talking to clients for months about when — not if — a correction in the stock market would hit. Their message after Monday's historic 1,175 point drop in the Dow: Stay calm. "First, don't panic; second,...

Next Page »

1 | 2 | 3 | 4 | 5 ... 69


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.