As expected, the retail brokerage and advisory business of People’s United Bank, which was acquired by M&T Bank earlier this year, has joined LPL Financial’s bank platform. M&T’s bank brokerage unit began using LPL’s platform in June 2021.
The folding in of the People’s United business, which was handled by that bank’s broker-dealer subsidiary, included roughly $2.4 billion of brokerage assets and $200 million in advisory assets. The bank's remaining $1.8 billion of assets are expected to onboard over the next several months, LPL said in a release.
The combined People’s United and M&T brokerage and advisory business comprises about 40 advisers overseeing about $5 billion in assets.
Trevor Uhls was charged with wire fraud and money laundering in a criminal complaint filed in U.S. District Court for the Western District of Missouri.
The multigenerational Cedar Rapids firm is joining through a key OSJ as recruiting competition heats up across the wealth space.
New Treasury guidance sets fee caps, defines index-tracking rules, and bars ESG-linked funds from the tax-deferred accounts for minors
Yari Capital's move to Carson continues a run of additions for the $62 billion firm, days after it hired a veteran recruiter from Osaic.
Servo Wealth Management's $210 million book brings the Minneapolis consolidator's total client assets further past $160 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
