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Company

LPL Financial

LPL Financial is a US broker-dealer and wealth management firm providing investment platforms, custody, and advisory support to independent financial advisors.

Known aliases

  • LPL
  • LPL Financial

Current stories

investOne report1 publisher

SEI says AI spending falls within the 10% to 12% of revenue it reinvests, around $250 million

SEI hired Kristie Edling-Day from LPL Financial to run technology and product at a firm reporting about $2.1 trillion in assets. CEO Ryan Hicke spoke as much about scale and technical debt as about AI, and said AI spending sits inside the existing technology budget.

Reality

Evidence50
Adoption
Not scored
Hype gap−10
Incentives
Not scored
Confidence55
investOne report1 publisher

The Mather Group and AlphaCore each absorb a $400 million advisory firm

AlphaCore and The Mather Group, with about $10 billion and $17 billion in client assets, each added an advisory firm managing more than $400 million. Each deal adds 2% to 4% to its buyer, so growing this way takes a long run of small sellers.

Reality

Evidence55
Adoption
Not scored
Hype gap+5
Incentives65
Confidence60
investConfirmed10 publishers

Cellphone bills supplied a third of the core CPI move that repriced next week's Fed hike to 85%

Wireless telephone services rose 5.9% in August, the most the BLS has ever recorded for the category, and without that one line core inflation rounds to the 0.2% economists expected. Traders moved hike odds to 85% anyway.

Perspective Coverage

10 publishers
Builder
Builder 5%
Operator
Operator 15%
Investor
Investor 80%

Reality

Evidence60
Adoption
Not scored
Hype gap+20
Incentives30
Confidence62
investOne report1 publisher

Jon Patullo's exit leaves TradePMR's product roadmap with a Robinhood strategist

Jon Patullo, TradePMR's chief product officer since 2024, has joined CG Financial Services, a $5 billion hybrid RIA, as COO and CIO. Asked who would replace him, TradePMR named a Robinhood strategist who already runs its dual-custody roadmap.

Reality

Evidence45
Adoption
Not scored
Hype gap+10
Incentives
Not scored
Confidence55
investOne report1 publisher

Save offers more than 16,000 Schwab-custodied RIAs a cash product that risks only the interest

Save opened Market Savings, a cash product that risks only the interest, to more than 16,000 RIAs that use Schwab as custodian. Schwab takes part of the advisor fees on that cash, though a $100,000 minimum keeps the product small next to its $485.7 billion in sweep balances.

Reality

Evidence45
Adoption
Not scored
Hype gap+15
Incentives75
Confidence50
investOne report1 publisher

Meta's Muse is the fourth AI agent Amazon has moved against

Amazon kept Meta's Muse out of its cart with a line in its own terms of service. Investors are already pricing which other intermediaries could say the same thing to an agent.

Publishers:cnbc.com

Reality

Evidence58
Adoption46
Hype gap+22
Incentives72
Confidence55
investOne report1 publisher

LPL takes the law firm Ameriprise recommended to three recruits into federal court

Three advisors took transition advice in 2023 from a law firm Ameriprise recommended to them, then faced arbitration claims from that same firm after they moved to LPL. LPL wants the 2023 file.

Reality

Evidence58
Adoption
Not scored
Hype gap+12
Incentives72
Confidence52
investOne report1 publisher

A run-of-the-mill RIA seller now draws seven or eight offers instead of eleven

Wealth-management M&A is holding its volume while the bid narrows to firms that can prove organic growth. The evidence is in offers per seller, down three or four names from a year ago, according to one sell-side adviser.

Reality

Evidence58
Adoption74
Hype gap+16
Incentives68
Confidence57
investOne report1 publisher

France's bond spread sits two basis points below the line LPL calls a fiscal-stress ceiling

Jean-Luc Melenchon would have the Bank of France cancel the 18% of national debt it holds, arithmetic that takes 116% of GDP down to about 95% and leaves this year's borrowing programme of more than $360 billion still looking for buyers.

Publishers:fortune.com

Reality

Evidence43
Adoption18
Hype gap+14
Incentives74
Confidence49
investOne report1 publisher

Schwab starts phoning Altruist's advisors a week into Vanguard's deal

The pitch that landed in one advisor's voicemail offered help growing his practice rather than a cheaper custody bill, and Schwab's own referral minimum has moved from $500,000 to $5 million in a year.

Reality

Evidence46
Adoption24
Hype gap+34
Incentives76
Confidence54
investOne report1 publisher

Record Recruiting Checks Meet An Eight-Year Payback And An Unpriced AI Question

Ameriprise calls rival offers "crazy" as its advisor loan book climbs 25% to $1.67 billion. The deals assume recruits keep growing revenue that analysts think AI may automate.

Reality

Evidence58
Adoption
Not scored
Hype gap+24
Incentives72
Confidence52
investOne report1 publisher

The biggest cost advisors pay is one they have to reverse-engineer

Financial Planning's 41st IBD Elite study finds clearing and custody prices so scattered that recruiters back them out of client fees. In June the SEC flagged undisclosed revenue sharing.

Reality

Evidence52
Adoption45
Hype gap+12
Incentives68
Confidence55