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Stock Market & Financial Investment News

News Breaks
July 7, 2014
09:04 EDTLPLALPL Financial, Financial Telesis announce creation of Global Retirement Partners
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings, announced business agreements with Financial Telesis, or FTI, and former LPL Retirement Partners President Bill Chetney. Chetney, who recently resigned from LPL, will acquire certain assets of FTI and form a retirement plan advisory firm known as Global Retirement Partners where he will become CEO and partner with LPL's Hybrid RIA platform. FTI's founder and CEO, Jim Williams, will join Global Retirement Partners as President to help manage the day-to-day operations of the RIA and serve as manager of the newly-formed LPL large enterprise.
News For LPLA From The Last 14 Days
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April 16, 2015
17:25 EDTLPLALPL Financial responds to DOL's proposed definition of 'fiduciary'
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April 15, 2015
08:03 EDTLPLACiti sees DOL rules as 'exceptionally bullish' for RCS Capital
The Department of Labor yesterday released the proposed rules on fiduciary standards in an attempt to reduce conflicts of interest between brokers/advisors and clients, Citigroup points out. Citi views the rules as a "manageable outcome" that is less onerous than the scenario built into select Broker Dealer stocks. The firm believes the development is "exceptionally bullish" for RCS Capital (RCAP) and favorable for LPL Financial (LPLA) and Ameriprise (AMP).

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