3xEquity.com | LPL’s Recent Headlines Should Prompt A Pause, Not A Panic
from AdvisorTrends - The 3xEquity Podcast Hosted by 3xEquity
Learn more at 3xEquity.com For advisors watching LPL from the outside, the last few days may have felt like a lot all at once. First came the news that Scott Posner, LPL’s recruiting chief, is leaving in June. Then came another major headline: LPL is acquiring Mariner Advisor Network, a business tied to 367 advisors and roughly $31 billion in assets. Either story on its own would have gotten attention. Together, they make it easy for people to connect dots and start building a theory. That is where some caution is useful. It is easy to place two big developments next to each other and assume they point to a deeper issue at LPL. Maybe they do. Maybe they don’t. But timing alone is not proof. Sometimes two important things happen close together. That does not automatically make them part of the same story. And if you read these developments with a little distance, a different conclusion comes into view. LPL still looks like LPL: large, ambitious, acquisitive, and very much in the mix as a desirable destination for advisors considering a move.
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