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Three MSSB brokers gravitate to a $4.5 billion LPL hybrid with a hefty RIA platform -- and a sub-channel appears to be nearing critical mass

Ohio-based Stratos offers cozy and profitable setup that stands between the biggest IBD and the advisors who ultimately consume its services

Author Lisa Shidler June 27, 2012 at 6:10 AM
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Charles Shapiro: We're not trying to cannibalize LPL's business ... We're trying to build a great hybrid model.


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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

Private Advisor Group
Specialized Breakaway Service
Top Executive: Frank Smith, Chief Executive Officer



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