10.30.23

Expanded Services, New Affiliation Models Helping LPL Reap New Assets, Advisors: CEO

by: Sam Del Rowe

LPL Financial sees an opportunity to increase its assets and advisor count through its new affiliation models and a growing deck of services, according to President and CEO Dan Arnold. Last month, the firm announced that it had opened access to its Liquidity and Succession program to advisors not already affiliated with the firm. The program, which is largely focused on advisors who are planning to retire within three to seven years, enables advisors to monetize their business should they wish to retire or to free themselves from the burden of some operational duties. To date, LPL has deployed about $275 million of capital and closed 20 deals through the program, according to Arnold.

Read the full article on Financial Advisor IQ