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After a decade of 'hybrid' RIA mish-mash, LPL Financial has a double-barreled '100%' RIA plan that is presumed to include 'Schwabitrade' style asset custody and a 'Dynasty' style premium back office offer

The nation's largest independent broker-dealer is finally going on RIA offense, which may prove to be a good defense upmarket and downmarket.

Author By Lisa Shidler February 13, 2020 at 4:33 AM
2 Comments
no description available
Dan Arnold: We are creating an affiliation model that is focused 100% on an RIA-only firm.

Dan Arnold


Jeff Spears

Jeff Spears

February 13, 2020 — 8:16 PM
The breakaway RIA advisor needs help defining what their new business needs. LPL, Dynasty and Schwab have some but not all of the support services. The beat goes on...
Coach Maria

Coach Maria

February 19, 2020 — 4:58 AM
I look forward to how LPL would work with small RIAs where the owner has thought of succession, maybe wants to continue working, but looks at LPL as a place that can be done along with them continuing to work as they wish.

Related Moves

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

A canary in the coal mine, Amy Richardson left Charles Schwab & Co. for an RIA -- before the 2,000 layoffs -- now a robust job market is saving the Schwab diaspora, she says

The former Schwab director wants former colleagues to know life exists after Schwab and good job opportunities are plentiful in the financial services sector.

December 20, 2023 at 1:52 AM

Another RIA whisperer, Julian Lopez, has left Schwab Advisor Services after 24 years to join LPL, which he sees as more advisor-focused and 'entrepreneurial'

The Houston executive, like Kelly Smith in Chicago, was considered a key service talent for RIAs though Lopez says his circumstances differ.

February 23, 2023 at 8:14 AM

See more related moves

Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally



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