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LPL Policy Change

LPL Policy Change LPL adjustments that affect outside RIA’s For years there have been inconsistencies in the independent broker dealer space when it comes to outside RIA’s. Broker dealers differ vastly on whether they permit outside RIA’s, what outside custodians they allow and how much they charge on this business. LPL has been one of…

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Rogue Broker, I don’t think so

Broker dealers response to Finra’s priority letter leaving quality advisors under the bus Back in January, Finra released their exam priority letter to broker dealers. The letter made it very clear their focus this year would be on identifying recidivist brokers or “rogue brokers”.  The letter also emphasized that they would be looking more closely…

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DOL fiduciary rule up in the air

Broker Dealer changes coming regardless of how things play out with the fiduciary rule In a recent article in Investment News “DOL fiduciary rule changes not one size fits all” Jodie Papike writes that there is a great deal of uncertainty around the DOL fiduciary rule. Several of the larger broker dealers have expended a significant…

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DOL Fiduciary Rule Rollout

How is the DOL Fiduciary Rule affecting advisor recruiting In a recent article in Financial Advisor Magazine and www.fa-mag.com Jodie Papike is quoted talking about the state of the Independent broker dealer space and how the DOL Fiduciary Rule is affecting recruiting. She discusses the current recruiting environment by saying that as a result of…

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Cetera retention bonuses being rolled out

Are the Cetera retention packages enough to keep advisors in their seats? In a recent article in InvestmentNews Jodie Papike is quoted discussing the Cetera retention packages that are currently being rolled out to existing advisors at Cetera. In total, ten broker dealers are included under the current Cetera ownership. These ten broker dealers represent…

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