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Outside input is important, the panelists agree, but choose carefully. There are only a handful of bankers and attorneys with the expertise to create the best outcome for selling advisors.
“The market does not care who wins. The market does not care about the horserace," said Charles Schwab's managing director covering legislation and regulation. Yet there is a laundry list of federal policies brewing that will impact advisors.
The acquisition of Financial Resources Group Investment Services marks the first time LPL has bought one of its own branch offices. The firm will keep its brand and leadership team.
Focus CEO Rudy Adolf says the firm is well positioned to take advantage of a larger trend, where M&A activity is stronger among small and mid-sized RIAs.