Results for "lpl financial"

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Technology isn't easy for big companies. Just ask Disney

November 19, 2019

Last week saw the official launch of Disney+, the new video streaming service from Disney that's challenging technology companies like Netflix and Amazon. By the numbers, it was an overwhelming success, with 10 million people signing up on the...

LPL backs off lucrative recruiting deal

November 14, 2019

LPL Financial is dialing back on a lucrative recruiting offer, reducing the transition assistance package by at least 20% to potential recruits, according to a memo sent this week to recruiters. The largest independent broker-dealer, LPL recently...

Regulators can do more to protect vulnerable, senior investors

November 14, 2019

In recent years, our industry has taken enormous strides to prevent the financial exploitation of seniors. Regulators, firms and financial advisers have united in their efforts to create, enhance and utilize tools designed to protect senior...

Technology systems challenged to be all things to all advice firms

November 7, 2019

As investment management becomes increasingly commoditized, executives across the financial advice industry see technology playing a critical role in the expanding value advisers can offer clients. But successfully implementing new technology...

SECURE Act 'frozen' by Trump impeachment inquiry

November 6, 2019

A retirement bill many financial advisers have been eyeing with interest is being held up by impeachment proceedings in Washington, as President Donald J. Trump confronts allegations he abused the power of his office in his dealings with Ukrainian...

Unexpected ripples in Schwab aftershock

November 4, 2019

It was a tough week for discount brokers after Charles Schwab Corp. announced on Oct. 1 that it was eliminating commissions on trades of stocks, exchange-traded funds and options. By that Friday, the share prices of Schwab and TD Ameritrade...

SEC bars former LPL broker who pleaded guilty to $4.9 million Ponzi

November 4, 2019

The Securities and Exchange Commission Friday barred from the securities industry a former LPL Financial broker who operated a Ponzi scheme that preyed on elderly clients. The agency's action came after James T. Booth pleaded guilty Oct. 22...

Advisor Group, Cetera Financial seen as potential buyers of Ladenburg Thalmann

November 1, 2019

Advisor Group and Cetera Financial Group, along with a private-equity investor, are the likely buyers of Ladenburg Thalmann Financial Services Inc., according to several industry sources, with the value of the brokerage network and its 4,400...

LPL, Raymond James led gains in adviser headcount last quarter

October 29, 2019

Two large independent broker-dealers racked up strong recruiting gains in the third quarter, while all four wirehouses lost advisers on a net basis in the period. LPL Financial, the nation's largest IBD, had a net gain of 94 advisers, while...

This week marks beginning of a seasonal rally

October 28, 2019

As seasonal stock market trends go, there's nothing quite like the end of October when it comes to bullish outlooks. And this year could be better than most, according to market analysts. "Investors have been bidding up stocks because they believe...

LPL Financial cut trade, advisory costs by $15 million in 2019

October 25, 2019

As the financial advice industry settles into its battle over pricing, LPL Financial's CEO Dan Arnold said on Thursday that the independent broker-dealer in 2019 cut costs on transactions and advisory platforms by $15 million. LPL expects to...

Barred former LPL rep pleads guilty to $5 million fraud

October 23, 2019

Former LPL Financial broker James T. Booth pleaded guilty to one count of securities fraud in connection with his years-long scheme to defraud his customers of nearly $5 million. [More:​ Finra bars broker accused of stealing $1 million from...

Is the 401(k) adviser M&A market about to cool down?

October 23, 2019

Is this the end of the beginning or the beginning of the end? The retirement plan adviser mergers and acquisitions market is on fire, with some deals reaching 12 to 14 times earnings before interest, taxes, depreciation and amortization, known...

Firms advance culture that supports differences

October 17, 2019

At its second annual Excellence in Diversity & Inclusion Awards event, InvestmentNews recognized financial advice industry firms that are advancing diversity and inclusion within their own firms and around the profession. [More: The Excellence...

Advisor Group loses another big team, this one with $2.5 billion in assets

October 16, 2019

Cambridge Investment Research Inc. has reeled in a large group of advisers, the Nettuno Group, that was formerly registered with FSC Securities Corp., one of the broker-dealers in the Advisor Group network. The Nettuno Group, which is based...

Hybrid duo managing $200 million switches to LPL ​

October 16, 2019

Parker Inabnet and Kate Redden, whose I.M. Wealth Care manages $200 million, have affiliated with the broker-dealer and corporate registered investment adviser platforms of LPL Financial through Merit Financial Group. They were formerly affiliated...

How far will LPL move amid an industry price war?

October 15, 2019

Management at LPL Financial is trying to figure out how to wade deeper into the pricing war that discount broker and RIA custodian Charles Schwab Corp. ignited at the start of the month when it said it was eliminating commissions for online...

Adviser managing $100 million at JPMorgan Chase goes indie with LPL

October 14, 2019

Joseph Mazzucco, who managed $100 million at JPMorgan Chase in Rye Brook, N.Y., has formed his own firm, Stonebrook Wealth Management. [More:​ See more adviser moves in InvestmentNews' Advisers on the Move database.] The new firm, which will...

Ex-LPL broker ripped off clients using phony Taylor Swift charity: New Hampshire

October 11, 2019

A broker fired by LPL Financial in August is facing an injunction and asset freeze from New Hampshire's bureau of securities regulation, which alleges the broker, Dain F. Stokes, solicited two clients to invest more than half a million dollars...

Riskalyze growing into much more than a risk assessment tool

October 7, 2019

Eight years ago, Riskalyze was created to provide a digital, mathematical approach to client risk assessment. In 2019, the technology startup is so much more than that. At its annual Fearless Investing Summit last week in Boston, Riskalyze introduced...

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