New DOL Proposal Could Spur Consolidation, Shift to Advisory: LPL CEO
December 8, 2023 by Sam Del Rowe
The Department of Labor’s new proposed fiduciary rule could trigger “a wave of consolidation” in the industry and accelerate the trend in assets shifting from brokerage to advisory, both of which can benefit a firm such as LPL Financial, according to its president and chief executive officer Dan Arnold.
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Originally Posted at Financial Advisor IQ on December 7, 2023 by Sam Del Rowe.
Categories: Industry Articles