LPL will launch third-party robo for advisors and eliminate some fees
Dan Arnold laid it on the line: LPL is being disrupted but taking the challenges head-on
Stephen Winks
Compensation is just the initial impact of brokers acting in the best interests of the investing public as required by statute when rendering advice. The more profound change to come is (1) b/ds acknowledging and assuming fiduciary liability as it requires (2) expert authenticated prudent investment process, (3) advanced technology and (3) a more modern less expensive approach to portfolio construction.
New market leadership will be established based on how well firms adhere to those three big innovations.
SCW
Stephen Winks
Mike Byrnes
Sanders, good article. Nice to meet you! — Mike Byrnes, President of Byrnes Consulting, LLC, www.byrnesconsulting.com
PS Get a Twitter account!
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LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold
