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.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
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
