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Voya takes on bigger rivals with new RIA channel

New platform will let the firm offer affiliation options like those at larger broker-dealers such as LPL and Raymond James.

Voya Financial Inc. is casting its lot with a number of other large broker-dealers looking to capitalize on the rapid growth in fee-based business by opening a new channel aimed at advisers with their own registered investment adviser.
The hybrid RIA platform, which will be open to advisers with $1

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