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Crushed Feb. 12 when Altruist released 'Hazel,' the LPL CEO was careful not to promise the AI moon and stars will materialize and reassured that it may not be necessary either to reinvent the firm in AI guise
LPL shares shoot skyward after the new CEO hints at revamped culture, spikes Wall Street meeting with jocularity and delivers the earnings goods.
Wall Street analysts publicly endorsed the 50 year-old executive; LPL chief financial officer Matt Audette passed over for CEO, but he rises to president while maintaining his CFO title
The Fort Mill, N.C., brokerage grew AUA 43% to near $1 trillion, and shares hit all-time high of $156 after hours today
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?
DOL rule spurs banks that seek to ship broker-dealer business its way to counterbalance DOL downers
Cost savings may be less the issue than the desire to turn a page, change a culture and even headhunt Google- and Goldman Sachs-like visionary execs
Does it make sense that Mark Casady would want to puff up his company's shares prior to buying back $275 million worth of shares? A lawsuit wants to know.
LPL Financial's CFO Matthew Audette promises to put brakes on buybacks after decision to spend $250 million on them in December proves ill-conceived
Matthew Audette concedes that he came to LPL lured by its potential for higher leverage
Mark Casady also seats a former assistant attorney general on his board
Matthew Audette, 41, is moving from New York to San Diego and will begin his new job in late September
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