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

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

Author Brooke Southall May 22, 2019 at 2:31 AM
no description available
Ed Higham: It's not despite the employee-model, it's because of it. They see this as another channel.

Hybrid RIA



May 22, 2019 — 6:20 AM
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?
Michael Clayton

Michael Clayton

May 22, 2019 — 7:40 PM
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
Jesse Livermore

Jesse Livermore

May 23, 2019 — 2:17 PM
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

Related Moves

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

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LPL Financial
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