LPL Financial has launched what it calls its Assurance Plan to protect the value of an adviser’s business in the event of the adviser’s death, permanent disability or other unplanned exit from the business.
In the case of such an event, LPL said its plan will provide a guaranteed, predetermined minimum purchase price based on a multiple of the adviser’s recurring revenue.
LPL said it also will facilitate the sale of the adviser’s business to another qualified LPL adviser, commission-free, which can provide additional proceeds above the guaranteed amount to the adviser or his or her family.
Trump briefly floated the idea this week, and he's far from the first to do so, but does the US really need a national fund?
Over the first six months of one targeted initiative, the agency scooped $172M from 21,000 wealthy individuals who've been delinquent on their tax filings since 2017.
Wealth managers rejoice. Stocks may be sliding, but the NFL season is starting.
The SEC and justice department are probing whether the firm, a subsidiary of Franklin Templeton, cherry-picked trades to favor certain clients.
Firm agrees to pay six-figure penalty for its lack of compliance with anti-money laundering programs.
Uncover the key initiatives behind Destiny Wealth Partners’ success and how it became one of the fastest growing fee-only RIAs.
Morningstar’s Joe Agostinelli highlights strategies for advisors to deepen client engagement and drive success
