In the News

LPL Financial’s DOL-Rule Memo to Reps Implies Deeper Message: Become an RIA or Stand Down on Giving Rollover Advice


July 5, 2017 – – The ‘deep-pocketed’ broker-dealer puts its Series-7 brokers on notice to forget about suggesting a rollover even as it gives its hybrid RIAs a strict protocol to stay out of trouble.
LPL Financial is taking steps to avoid accusations of placing big DOL pitfalls in the path of its …

‘Approachability’ continues to be the one-word descriptor of what separates good RIAs from the ones who struggle

March 23, 2017 — 3:45 PM EDT by Guest Columnist Abby Salameh – – Money is a prickly topic so channeling your inner porcupine, leaving people hanging by the receptionists desk and delivering monologues about smart-beta is dumb.
Brooke’s Note: This article is about RIA approachability. All things equal, it might be all that matters. …

The RIA-ification intrinsic to LPL’s preemptive DOL policy changes — yet how tightly to revenue sharing in IRAs it is hanging

Mar. 22, 2016 (RIABiz) — LPL’s super-clients like Private Advisor Group see a clear ‘advisory’ future but LPL is walking a more shrub-choked hybrid path.
LPL Financial is prepared to make a giant leap toward a more RIA-like future — but only if it can hopscotch to new ways to earn commissions along the way.
The Boston-based …

How the industry is rallying to help John Hyland as his cancer returns and why the New Jersey advisor seems impervious to fear

The only path to survival for the owner of a $17-billion AUA OSJ is a bone marrow transplant and advisors are getting swabbed to improve his odds of finding an elusive match.