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Articles tagged "LPL"


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Keith Frasier: I was concerned when I was looking into the company. I didn’t want to be the first.

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 at 2:18 AM

Dan Arnold:  ‘I think, you'll likely see us thinking about that and doing something to address that.’

Dan Arnold is ready to meet 'zero' commission challenge -- albeit only for RIAs at LPL Financial

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

October 26, 2019 at 9:54 PM

Bill Hamm: The best laid plans will never happen because it’s the nature of the beast.

After the storm of divorce, LPL Financial leaves Independent Financial Partners diminished in size beyond imagining

IFP only retained a third of the up-for-grabs assets it shared with LPL, but CEO Bill Hamm sees silver linings

June 17, 2019 at 9:40 PM

Bill Hamm: LPL has played really fair with us since day one, unfortunately there's one outfit that's made a concerted effort [otherwise] ... some of these comments coming out, considering the source, I’m not surprised ... It's a character thing.

As Independent Financial Partners readies its $41-billion LPL breakaway, a third CEO goes for the jugular

Tension boils between Robert Russo and Bill Hamm, CEOs, respectively, of the Independent Advisor Alliance and Independent Financial Partners, as Hamm prepares to fly solo

January 10, 2019 at 8:13 PM

Jeff Concepcion: I think we’ll surpass the $20 billion target ahead of plan, without including acquisitions. By accelerating our involvement in the acquisition space, I believe we’ll move past that target even more quickly.

His days of playing defense done, Jeff Concepcion pinches pennies then poaches a Fidelity and Schwab veteran to execute grab for next $6 billion of AUA at Stratos

Lou Camacho will pursue goal of $600 million a quarter in new assets on behalf of OSJ that wants much more inorganic growth

October 5, 2018 at 7:40 PM

Eric Clarke: We need to be willing to embrace the advisor's vision, even if at times it means we have competitive overlap.

Orion wins its 95th LPL advisor to show it's also advancing on Envestnet in the broker-dealer market and greening up its pastures

The Omaha, Neb.-based software maker just bagged $5-billion AUA OSJ, Independent Advisor Alliance

August 13, 2018 at 5:54 PM

The RIA conscience knows no past or future but plenty of sparks.

The top 10 most-read RIABiz articles of 2017 told stories about what RIAs, brokers, vendors can get away with post-DOL rule

Change is abrupt, pain is severe but most of it can be traced to custodians and advisors taking their medicine preemptively

December 28, 2017 at 8:49 PM

Jud Bergman: It's a company we know well.

Hitting home run, Envestnet buys FolioDynamix creating '$2-trillion' super-platform

The Chicago-based giant outsourcer buys its closest competitor for $195 million -- less than what hastily liquidating Actua paid years ago

September 25, 2017 at 11:27 PM

Bill Hamm: From what I’ve seen it can only bring positive changes.

LPL Financial lets go of David Reich to pull its crucial $135-billion 401(k) division into a central service and branding sphere

The head of the unit exits amid advisor chatter that the hyper-channelization of LPL sometimes makes six phone calls necessary when one would do

June 26, 2017 at 9:34 PM

The first Vestigo investment, LifeYield, is located in the famed 'pregnant' building at 175 Federal in Downtown Boston.

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

December 8, 2016 at 9:59 PM

Dan Arnold: As an entrepreneur at heart, I am constantly inspired and energized by the work of our advisors and institutions.

LPL takes selling off the table and takes out boisterous Mark Casady at CEO in favor of quiet Dan Arnold

The firm's future as an independent public company is assured for now but the abrupt shift in management style poses new questions

December 6, 2016 at 12:52 AM

Todd Feltz (center, flanked by Brent O’Mara and Wade Behlen): They let us run our RIA business, allowed us to broker business with them, provided compliance and supervision -- and then the game changed.

Why exactly a $2.2 billion RIA hybrid abruptly dumped LPL for Securities America -- and Schwab, Fidelity and TD Ameritrade

Besides cost savings of using diverse custodians, WealthPlan gets past 'crippling workflow' by forming new partnerships with Orion, Salesforce, eMoney and Advisory World

November 7, 2016 at 7:50 PM

Mark Casady may seek a sale but the big question is who will buy?

LPL is for sale -- in whole or part -- and Wells Fargo at least makes the list of potential buyers

Goldman Sachs, which led the IPO, is now shopping its baby even as hedge funds swarm, Reuters says

October 11, 2016 at 8:58 PM

Most innovative? Judges including Michael Kitces, Jud Mackrill and Tina Powell ponder.

Orion draws a record pack of hackers to Utah to code, bond -- and compete

From 7,000 feet above sea level, 90 RIA software types breathed thin air en route to zapping redundant portals

September 12, 2016 at 6:56 PM

Opposed by hedge fund stakeholders, James Riepe is supported by The Vanguard Group, BlackRock, State Street, Fidelity Investments and Invesco.

How LPL's wolf pack of hedge funds only added to its stake, even as a mini-faction of non-hedge directors tried to hold them in check

As the Boston IBD's annus horribilis continues unabated, PE-friendly directors are joining the board with little opposition

September 7, 2016 at 8:54 PM

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