LPL poaches top Dell exec to rewire outsourcing and head hundreds in new technology 'town'
Victor Fetter is reporting directly to Mark Casady and will help hire 60 techies in the next 45 days
Related Moves
UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture
Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.
July 16, 2022 at 1:35 AM
Dave Welling's rollup hits $39 billion of AUM and hires a 37- year-old breakaway from BlackRock to turn internal five-click shopping into a 'single conversation'
The Mercer Advisors CEO in Denver now has a 'president' reporting to him from the Big Apple to take on the specific mission of wiring a national RIA, rather than day-to-day operations at a rollup.
October 21, 2022 at 5:48 PM
Mark Casady is under the gun to spend his SPAC's $200 million of cash to avoid October deadline but a recent SEC filing sounds an ominous note after CEO departs
Lefteris reports that Jon Isaacson is taking over as CEO from Karl Roessner, the 'natural choice' to make a deal, according to Casady, though it's down to a few weeks
September 29, 2022 at 1:24 AM
How a white senior vice president at an LPL OSJ came to hire a former black minister as recruiter despite the latter's pledge to make it 'uncomfortable' at times
Rob Sandrew hit it off with Keith L. Frasier, willing to speak up on racial and racial justice issues, who also checks all the boxes for attracting talent and assets at a firm that recruited $2 billion last year
August 19, 2020 at 2:18 AM
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LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold
Mercer Consumer
Insurance
Elmer Rich III
There is research that promotions from within are more successful than outsider hires. Also, and obstacle to people coming into our industry who have not grown up in it is the massive and complex compliance burden. This is extremely hard for new people to adopt to and tolerate. It can seem like a horrible “strait-jacket.” It’s not, but often seems that way.
But let’s admit all of us in the business are a bit geeky in our acceptance and interest in compliance matters. Some of us actually LIKE all of that! lol
Still, the industry needs new talent and different ideas and perspectives — and just more bodies!
Based on the data we see, we see no business benefit of social media, the web and much else online – other than customer service (sort of) and buying stuff online. Of course, the challenges the vast sales claims — but sales and data rarely meet.
Bill Winterberg
Q2 2012 PC shipments were 87.5 million units, falling 5.7% from the same period in 2011 (Gartner, July 2012).
HP led in total shipments with 13 million, with Lenovo (12.8 million) and Acer (9.6 million) rounding out the top three.
Dell’s year-over-year growth fell 11.5%, landing it in fourth place with 9.3 million shipped.
To me, the grass seems a bit greener at LPL.
Elmer Rich III
Data! We love data. Thanks. “Smart money leaves first.” Certainly the margins are a whole lot better in financial services. There is still that pesky problem of unending compliance, however. lol
