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

LPL reps shrug their shoulders over a possible sale and investors seem in no hurry to buy but experts say the B-D has what PE loves -- lousy growth but terrific cash flow

Author Janice Kirkel
October 21, 2016 at 6:57 PM
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Doug Flynn: New management brings in its own coaches.

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Another RIA whisperer, Julian Lopez, has left Schwab Advisor Services after 24 years to join LPL, which he sees as more advisor-focused and 'entrepreneurial'

The Houston executive, like Kelly Smith in Chicago, was considered a key service talent for RIAs though Lopez says his circumstances differ.

February 23, 2023 at 8:14 AM

Mark Casady is under the gun to spend his SPAC's $200 million of cash to avoid October deadline but a recent SEC filing sounds an ominous note after CEO departs

Lefteris reports that Jon Isaacson is taking over as CEO from Karl Roessner, the 'natural choice' to make a deal, according to Casady, though it's down to a few weeks

September 29, 2022 at 1:24 AM

Dan Seivert's ripping success in RIA M&A deals has odd side effect of having some sidearm staff leave for new vistas

Carolyn Armitage and Mark Bruno left to mutual benefit, while Echelon Partners roars on, feeding the beast of deal-crazed RIA buyers and sellers.

July 20, 2021 at 1:17 AM

Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 at 2:02 AM

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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, RIA-Friendly Broker-Dealer, RIA Serving Other RIAs
Top Executive: RJ Moore, Chief Executive Officer

Stephen Winks

Stephen Winks

October 21, 2016 — 11:25 PM
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

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