Brooke Southall

Why does this publication constantly portray that 20 something year old kid who has never passed a securities exam and is apparently just a headhunter as though he was some recognized industry economist? $$$ maybe?

Intrepid - Please take it back to Advisor Hub and keep your quarreling confined to Ron Edde and other IBD basement bush leaguers.  Not welcome here.  Thx

-Readers at large

Dear Intrepid,

Perhaps it's your timorous view of your own future  that causes you comment in such a way about the " 20 something year old kid who has never... ". Remember the kids get it all. We all die and pass our legacy onto the next generation of which he is a formidable example of. Exams don't create or guarantee intelligence, business savvy, passion, innovation, etc. In fact they may even stymie by being steeped in the quagmire of yesterday's thinking. Not to say wisdom doesn't abound with age but youth and vigor trained and nurtured by sagely teachers is a powerful force for change. Read your history and start with Alexander the Great another 20 something who did little note than conquer the world by age 28.

JLL

LPL Financial jumps into the full-service brokerage business via acquisition -- with help from Raymond James' Silver Lane Advisors

LPL Financial

<p>Adherents of the hybrid RIA model seem to understand the world in the same terms as Puritan dissenters, now known as Baptists, Quakers, Presbyterians, Unitarians and Congregationalists. The members of those offshoots avoided the fate of the Puritans who believed a little too ardently that grace could not be earned, only bestowed by God. The Puritans are now extinct. More inclusive splinter sects that accommodate striving sinners, on the other hand, have gone on to survive and prosper. Hybrid RIAs espouse a new world order of accountable advice that errs on the side of inclusion of brokers despite their propensity for sin inherent in their inevitable conflicts of interest. RIA purists see this more-the-merrier mindset as too much fiduciary disharmony to throw at clients and an unsettling bifurcation when building a successful, long-haul business. RIA hybrid enthusiasts say the success of this model – and it is the fastest growing in the advisory world -- speaks for itself and that such firms house the best of the transactional brokerage business and the fee business under one roof. Moreover, these evangelists see the hybrid model as a means of bridging the gap between a whole generation financial advisors by leading captive wirehouse brokers to a model that offers more objective, open- architecture advice. Whatever side a reader falls on this dynamic topic certainly deserves a reader section for itself and we are proud to present it.</p>

Hybrid RIA

The San Diego-based independent broker-dealer will pilot captive model with purchase of $3-billion, 30-broker Allen & Co. as launching pad

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