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LPL will launch third-party robo for advisors and eliminate some fees

Dan Arnold laid it on the line: LPL is being disrupted but taking the challenges head-on

Author Sanders Wommack July 27, 2015 at 5:28 PM
no description available
Dan Arnold: We want to hit this head on and deliver a complementary robo-solution.





Stephen Winks

Stephen Winks

July 27, 2015 — 7:36 PM

Compensation is just the initial impact of brokers acting in the best interests of the investing public as required by statute when rendering advice. The more profound change to come is (1) b/ds acknowledging and assuming fiduciary liability as it requires (2) expert authenticated prudent investment process, (3) advanced technology and (3) a more modern less expensive approach to portfolio construction.

New market leadership will be established based on how well firms adhere to those three big innovations.

Stephen Winks

Mike Byrnes

Mike Byrnes

July 29, 2015 — 10:40 PM

Sanders, good article. Nice to meet you! — Mike Byrnes, President of Byrnes Consulting, LLC, www.byrnesconsulting.com

PS Get a Twitter account!

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Mentioned in this article:

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

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