News, Vision & Voice for the Advisory Community


LPL invites 180 of its bigger-book reps to Dana Point as part of its latest Fortigent-fortified bid to move upmarket

Attendees said fast-talking presenters belied LPL's aspirations but perhaps bolstered its claim that the hoi polloi won't be forgotten

Author Guest Columnist Amy Parvaneh May 5, 2016 at 8:04 PM
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Gary Carrai is the executive who maintains an LPL tie with Fortigent.



May 13, 2016 — 12:33 PM

An interesting article marred by sloppy copy. An editor needs to go into this story and clean it up a bit. It is a grammatical mess in a number of places.

It remains to be seen if LPL can truly make in-roads with high-net-worth and ultrahigh-net-worth investors and the advisors serving them in a meaningful way. The company is plagued [still] by service and technology challenges. Advisors serving the mass affluent have a tough enough time getting correct answers from the service centers and internal business units for relatively straight-forward matters. One can only wonder how well equipped it is to handle the more exotic and complex the HNW/UHNW client presents. Despite all the soothing comments coming from executives, it really has a long way to go before in service and tech before it can be taken seriously in this segment.

Related Moves

Christa Carone, an ex-Fidelity and Xerox marketing whiz, steps onto a slippery slope at LPL with a daunting task -- to consolidate a NASCAR size brand portfolio... or not?

With no CMO since August, the chief marketing officer will play catch up for a company still hungry to buy more branded B2B and B2C players.

April 2, 2024 at 1:28 AM

LPL makes 'Sixth Sigma black belt' ex-wirehouse counsel its chief legal officer, right after purchasing another full service broker. LPL says there is 'no connection,' and she was poached from Google

The Fort Mill S.C. broker dealer added Crown Capital Securities' captive brokers in Orange County, and is hiring Althea Brown, fresh off 11 years at Google

July 28, 2023 at 3:11 AM

Rich Steinmeier power poaches Jeremy Holly, who returns to LPL as EVP to head Dan Arnold-directed 'liquidity' project to buy -- but not hold -- LPL firms

Holly had bolted LPL for SageView with fanfare but he retained a fanbase back in San Diego which dreamed up a dream job for him

July 7, 2023 at 9:36 PM

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

See more related moves

Mentioned in this article:

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

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