A Goldman Sachs equity analyst says LPL’s pure-play brokerage model will fare better in the market volatility than Raymond James’, which relies on investment banking and capital markets.
To accommodate advisors' changing schedules during this time, LPL has extended its service hours to include Saturday hours and extended weekday hours.
The hit to the markets and the economy will change the dynamics of RIA mergers and acquisitions—as well as firm valuations.
The turnkey asset management platform’s deal with OBS Financial provides a “low-risk entry point” into the $500 billion bank trust channel.
Reston, Va.-based Global Advisor Group left Raymond James' independent contractor unit to affiliate with LPL's largest enterprise.