As the brokerage industry continues to figure out how to work most effectively in the midst of COVID-19, LPL Financial said Thursday it will keep its back office open longer each day to support its financial advisers.
Starting Monday, the company is extending service hours for its more than 16,0
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'Our department’s Reg BI-related disciplinary actions have been increasing,' noted a senior Finra executive.
'The wealth managers have been unbelievably supportive through all of this,' said Bryant Riley, the firm's chair and co-CEO.
The use of unmonitored messaging apps by financial advisors has been on the rise in the wake of the Covid-19 pandemic.
'Does Osaic really need these redundancies in management,' asked one industry executive.
'The advisor wants to get out of the business at 65 or 70 but clients will live to be around till 90,' says one banker.
