Janice Kirkel

Every b/d faces industry redefining change in how they conduct business and play by entirely new rules. LPL uniquely has scale in the independent space. Thus, given everyone must adapt, LPL has a better shot in an even a more formidable competitive market environment especially in the independent space. It all depends on its relative ability to execute.:(1) treating trade execution as a cost center to be minimized in the client's best interest, (2) retooling its product menu to streamline cost and facilitate real time client holdings data and (3) the development of prudent process authenticated back to objective, non-negotiable fiduciary criteria which puts financial services (asset/liability study, investment policy, portfolio construction, performance monitor) back into the financial services business. LPL could surprise much ;larger firms with lower cost and a superiort value proposition that affords professional standing to advisors and their clients. SCW

LPL Financial share price tumbles to pre-hostile bid levels in atmosphere of eerie calm

ECHELON Partners

Private Advisor Group

LPL Financial

Hellman & Friedman

Doug Flynn

Flynn Zito Capital Management

Dan Seivert

Mark Casady

John Hyland

<p>Adherents of the hybrid RIA model seem to understand the world in the same terms as Puritan dissenters, now known as Baptists, Quakers, Presbyterians, Unitarians and Congregationalists. The members of those offshoots avoided the fate of the Puritans who believed a little too ardently that grace could not be earned, only bestowed by God. The Puritans are now extinct. More inclusive splinter sects that accommodate striving sinners, on the other hand, have gone on to survive and prosper. Hybrid RIAs espouse a new world order of accountable advice that errs on the side of inclusion of brokers despite their propensity for sin inherent in their inevitable conflicts of interest. RIA purists see this more-the-merrier mindset as too much fiduciary disharmony to throw at clients and an unsettling bifurcation when building a successful, long-haul business. RIA hybrid enthusiasts say the success of this model – and it is the fastest growing in the advisory world -- speaks for itself and that such firms house the best of the transactional brokerage business and the fee business under one roof. Moreover, these evangelists see the hybrid model as a means of bridging the gap between a whole generation financial advisors by leading captive wirehouse brokers to a model that offers more objective, open- architecture advice. Whatever side a reader falls on this dynamic topic certainly deserves a reader section for itself and we are proud to present it.</p>

Hybrid RIA

LPL reps shrug their shoulders over a possible sale and investors seem in no hurry to buy but experts say the B-D has what PE loves -- lousy growth but terrific cash flow

LPL Financial share price tumbles to pre-hostile bid levels in atmosphere of eerie calm

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