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34 articles
LPL shares shoot skyward after the new CEO hints at revamped culture, spikes Wall Street meeting with jocularity and delivers the earnings goods.
Analysts stunned, seeking further clarity from LPL on future leadership, are reassured by company that 'no further shoe will drop'
Well-regarded, Steinmeier has been LPL's go to player, after he was promoted to chief growth officer in May
The soon-to-be 24,000-advisor Fort Mill broker-dealer will keep existing custodians (for now), pay big retention bonuses and a generous deal kicker to Atria if it all transfers well
The Fort Mill, S.C.-based IBD may thread the needle with the OSJ purchase, though it will compete with other OSJs it serves
Shares of the San Diego company rose almost 5% after leader reported $300 billion asset leap, high M&A retention and multi-channel wins.
The nation's largest independent broker-dealer is finally going on RIA offense, which may prove to be a good defense upmarket and downmarket.
The LPL CEO says the move is part of his company's 'prioritization stack; the impact on us is more of around where we custody assets for RIAs,' he says
IFP only retained a third of the up-for-grabs assets it shared with LPL, but CEO Bill Hamm sees silver linings
Dan Arnold steers Fort Mill, S.C. IBD giant on walk-and-chew-gum course that allows for juicing annuity sales, rebuilding RIA fee platform and squeezing more profits from less revenue
The Fort Mill, S.C.-based firm may cut salaries and commissions to recruiters and give advisors more benefits directly
Unheard-of packages, tight targeting and unusual timing rock recruiters who marvel at the competitive behavior that has Bill Morrissey escalating an epic battle
With virtual, digital and OSJ firms making headway, CEO Dan Arnold's move may amend LPL business model or, one recruiter says, be a sop to Wall Street analysts hungering for a new angle
Wall Street is loving shares of Schwab, Envestnet, Morningstar and LPL
Can the Fort Mill, S.C. broker-dealer add 3,200 NPH advisors, make RIAs bend to its will and not break bad with giant partners?
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