News, Vision & Voice for the Advisory Community


Weighed down by nonstop fines, LPL finally buys ounce of prevention by putting ex-FINRA veterans on its payroll

Mark Casady also seats a former assistant attorney general on his board

Author Lisa Shidler October 6, 2015 at 9:19 PM
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Emily Gordy: I will be able to have an effective dialogue with FINRA.

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Women of Wealth Management

Stephen Winks

Stephen Winks

October 7, 2015 — 7:58 PM

Kudos to LPL which has the vision and courage to ask what constitutes good behavior. Independent broker/dealers have no unifying culture. Everyone is a free agent in control over their own destiny, yet regulatory reform requires the best interest of the investing public be served. This leads every broker of all descriptions to look for principled leadership around which they can associate their name and build a business they are proud of.. Every supporting b/d is expected to execute on behalf of their clients best interest taking advantage of transparency, technological innovation and regulatory reform. A new era is emerging, LPL may the first to execute, creating a massive competitive edge. The trust and confidence of the investing public in the industry has suffered. LPL can execute a unifying business model executed in scale, affording advisors (1) an extraordinary value proposition (that supersedes one dimensional product distribution) which addresses and manages a broad range of investment and administrative values in the client’s best interests, (2) streamlines cost and (3) accords professional standing in ways not possible in todays outdated conventional brokerage format. This is the ultimate competitive advantage in winning market share and a bright new future for the industry..

Let’s wish LPL much success.

Stephen Winks

Financial Fuckery

Financial Fuckery

October 7, 2016 — 2:26 PM
It's not that the management of LPL are incompetent clowns, it's that the are highly regarded incompetent clowns. The buffoonery these clowns engaged in is mind blowing and sets the tone for what we can expect from financial market thievery in the future.

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Mentioned in this article:

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

The Law Offices of Patrick J. Burns, Jr., P.C.
Specialized Breakaway Service
Top Executive: Patrick J. Burns, Jr., Esq.

Advanced Regulatory Compliance, LLC
Compliance Expert
Top Executive: Patrick J. Burns, Jr., J.D.

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