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Author: rafferty

ThinkAdvisor

What’s Next for LPL, Marcato & Casady?

15:51 07 October in In the News by rafferty

October 6, 2015

By Janet Levaux, ThinkAdvisor

 

With active investor Richard McGuire snapping at its heels, the independent broker-dealer may have to up its game

LPL Financial (LPLA) experts share regular forecasts on market trends and strategy. These days, outsiders are busy predicting what could happen over the next year or so two weeks after the hedge fund group Marcato Capital took a 6.3% stake in the independent broker-dealer.

UBS downgraded its rating on LPL last week, helping to push its stock price down to about $36. It now trades near $39, down from its 52-week high of roughly $48.

“LPL’s stock price has languished,” said Chip Roame, head of Tiburon Strategic Advisors, a research and consulting group.

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ThinkAdvisor

The Dumbing Down of the Financial Services Industry’s Future

16:15 14 September in Articles Written by Jon Henschen by rafferty

September 11, 2015

By Jon Henschen, as published on ThinkAdvisor

 

To listen to the Department of Education and the laments of public school system officials you may be left with the impression that our schools are impoverished and can only survive by cutting arts and sports programs in order to stay within budget. Statistics point out a different reality: while we now spend private-school amounts on public school students, performance results are getting worse, not better.

As I’ll argue later on, this decreasing performance has big implications for our industry. For now, let’s start by addressing the overall performance issue using the chart below:

Click to enlarge

Spending More and Getting Less

Since 1970,

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ThinkAdvisor

5 New Compliance Headaches for Advisors, BDs

16:37 04 September in In the News by rafferty

September 3, 2015

By Melanie Waddell, ThinkAdvisor

 

As Labor Day approaches, here are five big compliance developments advisors may have missed over the summer

Pressures on compliance professionals at advisory firms and broker-dealers continue to mount as the Securities and Exchange Commission, the Obama administration, the Financial Industry Regulatory Authority and the Department of Labor are gearing up to usher in new requirements.

While compliance is increasingly becoming a core function at advisory firms and broker-dealers, with firms hiring more personnel to help in this area, a recent Cipperman Compliance survey found that firms still aren’t devoting enough manpower or funds to their compliance programs.

A recent poll conducted by the Investment Adviser Association found that firms continue to try and keep up with ongoing compliance challenges such as cybersecurity,

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