LPL Financial tells its faithful in San Diego that a fuller-service, more dependent model will get corporate support
With Philip Palaveev overseeing the project, LPL is working to install more management expertise in the crazy-growth OSJs it both supports and competes with
Stephen Winks
Large scale support for expert advisory services continues to be a challenge for the independent RIA/broker business model. LPL can either democratize support for expert professional standing or work with each individual advisor staring with its largest advisors.
This is a start, hopefully it will lead large scale expert support for advisory services, leveling the playing field for all LPL advisors. Support is scalable, it is just a function of providing access. The present tact presumes a functional division of labor within a practice rather than helping every advisor elevate their practice to control their threshold value proposition, pricing, margins and professional standing.
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LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold
Nexus Strategy
Consulting Firm
Top Executive: Timothy D. Welsh
The Ensemble Practice LLC
Consulting Firm
Top Executive: Philip Palaveev
Private Advisor Group
Specialized Breakaway Service, RIA-Friendly Broker-Dealer, RIA Serving Other RIAs
Top Executive: RJ Moore, Chief Executive Officer