Andy Kalbaugh, managing director and divisional president of national sales and consulting at LPL Financial, will retire at the end of the first quarter of 2021. The firm will conduct an external search to identify a new senior leader to join its management team, LPL said in a release.
Kalbaugh joined LPL in 2007 following its acquisition of Mutual Service Corp. He served as executive vice president of business consulting for independent advisor services and was named managing director in 2011.
In his current role, he is responsible for the long-term growth and retention of LPL’s financial advisers and institutional clients.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
