LPL to Wall Street types: We're in phase three
At a Merrill Lynch forum, the IBD's CFO explains that Phase I was the mass accumulation of advisors and Phase 2 was about RIA-ification
Jeff Spears
Investing in organic growth has a much higher risk adjusted return than recruiting. First you know the professional (bird in the hand) therefore you lower your risk of a bad recruit whose best days might be behind them
Wall Street has NEVER taken this approach so I applaud LPL.
Brooke Southall
Jeff,
Interesting.
Is there an industry rule of thumb for how many recruits turn out to be counterproductive, or highly marginal?
Brooke
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The Apple iphone 3GS release was one of the most spectacular happenings. The Apple iphone 3GS price ranges at ?52.39 for the 16 GB variant and ?44.17 for the 32 GB variant. The smartphone arrives in black and white skins.Apple apple iphone 3GS vs Blackberry Bold
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That is what takes place whenever they choose regular Interest deficit hyperactivity condition medicines. They uncover that about 30% of children are influenced by hunger troubles and cannot even attain a night sleep. So much actually, they will need to give up taking these medications.
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Vise resets -- again -- with more executive firepower and fresh vision focused on RIA M&A and 'wellness,' but analysts say its solutions must stand apart to succeed
The New York City brat pack -- still loaded with VC cash -- is pivoting, again, but with a pitch that has convinced big hitters to join the firm as advisors and president, respectively.
November 6, 2024 at 5:06 AM
Dan Arnold is gone as LPL CEO, but his leverage to negotiate a settlement is apparent as LPL tells SEC it is deferring exercise of 'automatic forfeiture' of some vested options
Analysts stunned, seeking further clarity from LPL on future leadership, are reassured by company that 'no further shoe will drop'
October 3, 2024 at 3:08 AM
Dan Arnold steps down as LPL CEO, under a cloud, effective immediately; Steinmeier steps in as interim CEO
Well-regarded, Steinmeier has been LPL's go to player, after he was promoted to chief growth officer in May
October 1, 2024 at 8:42 PM
Christa Carone, an ex-Fidelity and Xerox marketing whiz, steps onto a slippery slope at LPL with a daunting task -- to consolidate a NASCAR size brand portfolio... or not?
With no CMO since August, the chief marketing officer will play catch up for a company still hungry to buy more branded B2B and B2C players.
April 2, 2024 at 1:28 AM
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