LPL Financial

Advisor Upside

Who Gets to Call Themselves ‘Advisor?’

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The North American Securities Administrators Association updated a rule that seeks to bar many broker-dealer reps from using the title.

2 min read

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Advisor Upside

What LPL’s Massive $2.7B Commonwealth Deal Means for Advisors

The deal will fuel industry consolidation and add roughly 2,900 independent advisors managing some $285 billion in assets to LPL’s ranks.

2 min read
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Advisor Upside

JPMorgan, Edward Jones Among Latest Firms to Reshape DEI Efforts

JPMorgan said it has swapped out “equity” for “opportunity” in an effort to better reflect the program’s goals.

2 min read
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Advisor Upside

LPL Seeks to Raise $4B in Fresh Capital

It’s the first significant move under new CEO Rich Steinmeier, who took over from longtime chief executive Dan Arnold in October.

1 min read

Advisor Upside

Brokerages Up the Ante on Advisor Loans

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The independent broker-dealer LPL reported $2.3 billion in net advisor loans last year, up a whopping 53% from 2023, per an SEC filing.

1 min read

Advisor Upside

Schwab, Blackstone Among Firms Fined By SEC Over Off-Channel Comms

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The controversial enforcement actions have been called a “cash cow” by Commissioner Hester Peirce.

2 min read

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Advisor Upside

LPL Financial Terminates CEO Dan Arnold Over Alleged Misconduct

The $17 billion financial firm fired chief executive Dan Arnold for allegedly violating the company’s code of conduct.

1 min read

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