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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

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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Voya takes on bigger rivals with new RIA channel

23:29 03 September in In the News by rafferty

September 3, 2015

By Mason Braswell, Investment News

 

New platform will let the firm offer affiliation options like those at larger broker-dealers such as LPL and Raymond James

Voya Financial Inc. is casting its lot with a number of other large broker-dealers looking to capitalize on the rapid growth in fee-based business by opening a new channel aimed at advisers with their own registered investment adviser.

The hybrid RIA platform, which will be open to advisers with $100 million or more in assets under management, will allow investment advisers to use Voya’s platform and broker-dealer for commission-based business while operating under their own brand and filing their own ADV form, according to Andre Robinson, head of advisory services at Voya.

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