LPL Financial share price tumbles to pre-hostile bid levels in atmosphere of eerie calm

Every b/d faces industry redefining change in how they conduct business and play by entirely new rules. LPL uniquely has scale in the independent space. Thus, given everyone must adapt, LPL has a better shot in an even a more formidable competitive market environment especially in the independent space. It all depends on its relative ability to execute.:(1) treating trade execution as a cost center to be minimized in the client's best interest, (2) retooling its product menu to streamline cost and facilitate real time client holdings data and (3) the development of prudent process authenticated back to objective, non-negotiable fiduciary criteria which puts financial services (asset/liability study, investment policy, portfolio construction, performance monitor) back into the financial services business. LPL could surprise much ;larger firms with lower cost and a superiort value proposition that affords professional standing to advisors and their clients. SCW