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LPL Financial plans to launch robo-adviser in next two months
Dan Arnold, LPL's president, says the firm plans to launch a robo that won't replace its financial advisers but will "gain a certain amount of the market."
Massachusetts' Galvin to investigate alternative fund sales by advisers
Sales of 25 top 'liquid alts' mutual funds will come under greater scrutiny from the state regulator.
Massachusetts' Galvin fines LPL $250,000 over senior certifications
Firm agrees to pay up to settle charges that some of its brokers were using titles that did not comply with Massachusetts' senior designation regulations.
LPL hires E*TRADE CFO Audette to replace Dan H. Arnold
Manager known as a 'turnaround artist' to take financial helm after Arnold bumped to president to replace Moore.
Stifel deal for Barclays unit would amp up ambitions to attract elite advisers
An acquisition of Barclays' U.S. wealth unit would add $47 billion in assets and 249 advisers who focus on ultrahigh-net-worth clients, filling a gap in Stifel Financial CEO Ron Kruszewski's advisory business.
Creating new position, LPL hires a chief technology officer
LPL Financial on Monday announced it had hired a chief technology officer, filling a newly created role at the nation's biggest independent broker-dealer. In his new role, David Wright will be responsible for technology security, overseeing infrastructure operations and developing technology
Recent fine may hasten LPL Financial's shift to fee compensation
The broker-dealer acknowledges the growing importance of its fee and advisory businesses
LPL Financial fined $11.7 million for 'widespread supervisory failures'
Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
The independent broker-dealers with the biggest revenue and asset gains in 2014
Revenues at the largest independent broker-dealers grew 10.3% year-over-year in 2014, a figure in line with the broad market but below the 13.2% year-over-year revenue increase in 2013.While LPL Financial and Ameriprise dominate the independent broker-dealer industry based on total revenue, a group
The latest ranking of independent broker-dealers by rep head count
Even if recruiting at independent broker-dealers has hit a wall, the industry still features a number of firms with expanding numbers of registered reps.
The independent broker-dealers that offer the highest average payouts
In 2014, independent broker-dealers enjoyed double-digit revenue increases, but adviser recruiting slowed considerably.While adviser movement may have decreased in 2014, average payouts remained robust at the industry's best-paying firms. We've ranked the top-paying independent broker-dealers based
LPL Financial's Dan Arnold is managing amid complexity
Robert Moore's successor as LPL president talks about his earlier career and the challenges facing the independent broker-dealer industry
CFP Board eliminates government relations position
At a time when the investment advice industry is watching developments in Washington more closely than ever, the Certified Financial Planner Board of Standards Inc. is shelving part of its lobbying function.At the beginning of the month, the organization laid off Todd Cranford, who had been
Former Cetera owner Don Marron returns to the investment advice business
Industry vet says the future lies in retail, with baby boomers retiring and workers being moved to defined contribution plans away from pensions.
Brokerage executives enjoying steadily increasing payouts
As markets thrive and wealth management becomes a focus at major firms, brokerage execs like Morgan Stanley's Greg Fleming enjoy bigger paydays.