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2025 will be the year of 'Under New Management' in RIA business, after 2024 brought profusion of CEO-level fires, hires and deals

First seven CEOs were replaced, then myriad big HR dominoes fell as Vanguard, Schwab, Envestnet, InvestCloud, LPL, Cetera and Orion all switched out CEOs and presidents

Author Brooke Southall January 2, 2025 at 10:49 PM
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Rich Steinmeier took the CEO reins at LPL in wild one-off that still fit a huge RIA business trend.
Keith Girard contributed to the editing of this article.

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November 3, 2022 at 1:59 AM

Vanguard's deal with Blackstone follows its bleak, almost black, market prognosis • SSGA launches another 'Apollo' product, sans Apollo brand • SEC OKs 'green' exchange • Senators call out Trump 'fraud' in letter to new SEC chair

Recession signals grow • Confirmed as chair, SEC's Atkins faces Trump decision • InvestCloud nabs ex-Envestnet COO • Tibergien protégé lands at RIA • RIAs still see direct-indexing as a solution hunting for a problem • Software companies hire & launch.

April 18, 2025 at 2:26 AM

Walter Bettinger joins Charles Schwab Corp. mass executive exodus, leaving a very complex CEO puzzle to solve for his young, ex-McKinsey successor

CEO grew the company by $8 trillion in assets to 'powerhouse' status amid significant accomplishments -- sans RIA mention -- but shares are sagging, and its bank remains a sore subject.

October 3, 2024 at 10:12 PM

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

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Mentioned in this article:

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



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