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doc c's picture
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Joined: 2007-09-11

This will be interesting to see how LPL fares with the wait times. I visited them this summer and they are my #1 choice, a great outfit for all the right reasons as a fit for me. Sorry to hear the news.

troll's picture
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Joined: 2004-11-29

doc c wrote:This will be interesting to see how LPL fares with the wait times. I visited them this summer and they are my #1 choice, a great outfit for all the right reasons as a fit for me. Sorry to hear the news. What closed threads?

doc c's picture
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Joined: 2007-09-11

To clarify my point; to me the OMP platform is LPL proprietary product and it is an inherent conflict of interest for me in regards to my clients and to my independence.  LPL built it out for my win win comments...adds an additional revenue source for them, just like these new clearing deals are - which helps them get 2x earnings on a private equity deal and raises their value at IPO time! 
Interesting development. LPL is rep centric, and reps have touted the no conflict of interest issue as being important vs. using a proprietary product manufacturing broker dealer.
And then you have the RIA guys who say that is the true no conflict path.
So now, if you affiliate with LPL, you have to be honest and say, well my firm has proprietary products and special arrangements with manufacturers, but I don't use those products.

doc c's picture
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Joined: 2007-09-11

Bobby Hull wrote:

doc c wrote:

Thanks for putting me out of my misery.
You ahhhh ... still feel the need to hang around here?


Do you have a problem with it?


Why embarrass yourself? If you want to contribute respectfully, great.
If you want to come here a be a troll, the hypocracy and conflict of interest is almost unbearable. Maybe that is your intention, to destroy this forum.
What say you?
I am pasting this comment at the lounge, so the moderator can delete the hijacked thread at insurance if he or she do desires.
My apology to all for feeding the trolls.
 
" An Internet troll, or simply troll in Internet slang, is someone who intentionally posts controversial or contrary messages in an online community such as an online discussion forum or USENET, with the intention of baiting users into an argumentative response." - Wikipedia

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