M&T Bank Corp. will move the $20 billion retail portion of its M&T Securities subsidiary to LPL’s broker-dealer and registered investment advisory platforms.
The Buffalo, New York-based bank said that the transition will occur in the middle of 2021 and that its institutional securities business will be unaffected by the change.
After the transition, the retail business, which has about 170 advisers, will operate under a new, yet-to-be-announced brand name.
M&T's $20 billion in assets will make it the largest on LPL's platform. The bank said the need for more robust technology and infrastructure, as well as advanced financial planning tools and investment solutions, prompted its decision to move to an outside provider.
President meets with ‘highly overrated globalist’ at the White House.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
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.
