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Articles tagged "Rich Steinmeier"


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Rich Steinmeier: [It's] about putting in place a decision-making framework and a control framework.
November 1, 2024 at 1:57 AM

Rich Steinmeier: I’m fortunate ... to build on our momentum.

LPL Financial names Rich Steinmeier CEO, effective immediately -- after shares shot up under his stint as interim CEO

Wall Street analysts publicly endorsed the 50 year-old executive; LPL chief financial officer Matt Audette passed over for CEO, but he rises to president while maintaining his CFO title

October 21, 2024 at 9:15 PM

Jeremy Holly is an LPL M&A exec, again – backed by Dan Arnold mandated capital.

Rich Steinmeier power poaches Jeremy Holly, who returns to LPL as EVP to head Dan Arnold-directed 'liquidity' project to buy -- but not hold -- LPL firms

Holly had bolted LPL for SageView with fanfare but he retained a fanbase back in San Diego which dreamed up a dream job for him

July 7, 2023 at 9:36 PM

Tony Mazzali: Schwab expected his clients to pay fees they hadn’t paid "in 20 years?"

A $3 billion TD Ameritrade RIA pulls assets out of Schwab --after it cut services for TDA RIAs, and got sticker shock -- ahead of merger date

Anthony "Tony" J. Mazzali, CEO of CG Advisory Services, is shifting the bulk of its assets to LPL Financial to curb the assymetric power in his custody relationship with Schwab.

May 2, 2023 at 3:26 AM

Rich Steinmeier: I would call  [the LPL foray into full service] a huge success.

LPL Financial buys its second full-service broker after the first one 'exceeded expectations' following a three-year pilot

The San Diego broker-dealer is buying Boenning & Scattergood and its $5 billion of AUA -- and it's eyeing more regional, W-2 staff advisory shops for acquisition.

July 8, 2022 at 7:30 PM

Rich Steinmeier (to Barron's): I don’t know that there’s a cap. I don’t. It’s not 20,000. It’s not going to be 30,000.

LPL Financial shares spike after no-drama CEO Dan Arnold delivers (near) 20,000 advisors, $1 trillion-plus in AUA and surprising Waddell & Reed wrinkle

Shares of the San Diego company rose almost 5% after leader reported $300 billion asset leap, high M&A retention and multi-channel wins.

February 5, 2022 at 2:03 AM

Bill Morrissey's imminent departure became an open secret after he helped oversee a sales blitz targeting Kestra, Ameriprise and Cetera.

As era ends, Bill Morrissey steps down to make way for younger exec who leaves job as UBS's digital guru

Nobody sold more advisors to join a broker-dealer than Morrissey but the post-Mark Casady game has changed, making Rick Steinmeier's hire timely for LPL CEO Dan Arnold

June 25, 2018 at 4:48 PM

Mike Sha: It's way better for our clients if technology investments are amortized across  [multiple] large partners as opposed to one-off custom development for any one-off particular partner.

Mike Sha's robo-advisor faced tough choices until two wirehouses offered unique partnerships -- and maybe a new business model to boot

Sure, the SigFig's founder plays by some of UBS's rules in taking its financial backing and giant systems account but beyond that, the freedom to cavort with Wall Street rivals is pretty unlimited.

June 14, 2018 at 3:46 PM

Jon Stein: I really don't know about the ... presti-i-i-ige ... of a wirehouse.

The inverted reverence dynamic at The In|Vest event and why Bill Crager is so over it

Tomorrow is here: Wirehouse execs and IBM types play groupies as robo-founders leaned back in their chairs

June 23, 2016 at 6:19 PM

Bill Butterfield: I'm sure other wirehouses won't be far behind.

Why there's more to the UBS-SigFig deal than meets Sergio Ermotti's gimlet eye

UBS's New York and Switzerland C-suiters tromped through the San Francisco robo's digs for months before striking this bellwether deal

May 17, 2016 at 6:52 PM

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