How stocks of wealth management firms are holding up this year
LPL Financial Holdings Inc. (LPLA)
Several years ago, LPL Financial Holdings said it had considered but decided against opening a bank. As LPL continues to recruit and hire advisors, its advisory and brokerage assets totaled $1.15 trillion at the end of February, a decrease of $17.1 billion, or 1.5%, compared to the end of January.