Why exactly LPL Financial nixed NestWise and how OSJs, once again, may be wagging the big dog
The event is eerily similar to BloombergBlack's full stop, one analyst says, but LPL's story has its own twists, it seems
Stephen Winks
Channel conflict makes market extension problematical at the lower end of the market for firms that have significant advisor activity in those segments.
Merrill would have far less problems in consumer direct strategies directed to the under $250,000 market segment where they are not active.The under $250,000 market at LPL is their core market thus the market conflict.
SCW
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