'Kowach has been laying the groundwork for this since last year,' says one industry source.
'When I left Ameriprise earlier this year, the company was just starting to talk about AI,' one financial advisor said.
Scams involving members of a group such as a church, known as affinity frauds, pose perils for investors, one attorney notes.
'It's a weird little portmanteau,' one marketing executive said.
'New leadership has been making big strides,' says industry source.
'We’re in many more conversations than deals,' one LPL executive noted.
Bad markets make clients realize they need their advisors, says industry expert.
Meanwhile, the firm was keeping mum on 60 financial advisors from one group that left Raymond James last quarter.
One broker used client funds to pay expenses, while another used client cash to buy real estate.
Crown Capital CEO Darol Paulsen says shared philosophy with LPL will help its advisors spend more time with clients.
