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LPL's hybrid RIA platform is fast off the mark and names new leaders for 2010

The giant IBD has already surpassed Raymond James' RIA assets but Derek Bruton plans to build on momentum

Monday, January 25, 2010 – 7:05 AM by Brooke Southall
Admin:
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Derek Bruton is now in charge of LPL's hybrid business after years of RIA experience with Merrill Lynch, TD Ameritrade and Schwab

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See more related moves

Mentioned in this article:

LPL Financial
Asset Custodian
Top Executive: Dan Arnold

Tiburon Strategic Advisors
Consulting Firm
Top Executive: Charles Roame

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law

Moss Adams
Consulting Firm
Top Executive: Rebecca Pomering




Frederick Van Den Abbeel

Frederick Van Den Abbeel

January 27, 2010 — 11:59 AM

For the past several years, interest in Hybrid Programs has certainly grown sevenfold and LPL (like any other securities firm) is reacting to this trend and certainly going to receive their fair share of the Hybrid Pie. It will be interesting to see what regulatory changes occur in the years ahead and how it might affect the Hybrid Advisor community. Not too many firms exist which offer one clearing/one platform for service. Schwab nor TD clear for broker-dealers so their Hybrid Program is somewhat a hodge-podge system.

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