News, Vision & Voice for the Advisory Community


Mark Casady quietly became co-founder of venture capital firm and, pre-post-LPL, it's making noise

The departing LPL chief is one of two general partners of Vestigo Ventures, which bought a stake in LifeYield -- an advisor software company

Thursday, December 8, 2016 – 9:59 PM by Brooke Southall
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The first Vestigo investment, LifeYield, is located in the famed 'pregnant' building at 175 Federal in Downtown Boston.

Related Moves

How a white senior vice president at an LPL OSJ came to hire a former black minister as recruiter despite the latter's pledge to make it 'uncomfortable' at times

Rob Sandrew hit it off with Keith L. Frasier, willing to speak up on racial and racial justice issues, who also checks all the boxes for attracting talent and assets at a firm that recruited $2 billion last year

August 19, 2020 – 2:18 AM

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October 5, 2018 – 7:40 PM

Mentioned in this article:

LPL Financial
Asset Custodian
Top Executive: Dan Arnold

Stephen Winks

Stephen Winks

December 10, 2016 — 7:17 PM
Perhaps Mark Casady can cross the chasm between conventional brokerage and advisory services. Prudent process (asset/liability study, investment policy, portfolio construction, performance monitor) authenticated back to non-negotiable statutory fiduciary duty (which put financial services back into the financial services business) has largely been ignored by the brokerage industry. Yet it is essential for professional standing and creating a safe environment in which brokers can work in rendering advice. Professional standing in rendering advice is based on statutory duty, not addressing disparate client objectives like education funding or retirement, etc. .Mark can cut through a lot of myths and cultural impediments that impede innovation in ways others cannot. SCW

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