LPL purchases UVEST

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Aug 16, 2006 12:36 pm

My bank's broker dealer has just been purchased by LPL.  Hopefully it will be a good thing. 

Aug 16, 2006 12:42 pm
BankFC:

My bank's broker dealer has just been purchased by LPL.  Hopefully it will be a good thing. 



If you like good technology and back office, it will!

Aug 16, 2006 12:45 pm

It would not surprise me to see LPL purchase the B/D of one or more insurance companies.

Aug 16, 2006 12:48 pm

Right now, it is business as usual.  But I can't wait until we can stop clearing through god awful Pershing.

Aug 16, 2006 12:52 pm

What makes Pershing "God awful?"

Aug 16, 2006 12:55 pm

Why do you ask?

Aug 16, 2006 1:00 pm

Just wondering why you would say something like that about one of the country's premier clearing firms.  I figure that you have a reason to say that, I know I would if I had said it.

Aug 16, 2006 1:08 pm

Pershing has poor communication/sharing of information within itself.  Slow turn around on issues and MULTIPLE levels of red tape.  No one there seems to take ownership of problems, which I would attribute to poor middle management and training of entry level people.


No common sense at Pershing. 

Aug 16, 2006 1:11 pm

What would be an example of what you're talking about?

Aug 16, 2006 1:14 pm

Why do you ask?

Aug 16, 2006 1:15 pm
BankFC:

Why do you ask?


For the same reason I asked before--it would seem to me that if you think there are issues at Pershing you'd be able to cite what you're talking about.


Otherwise it's nothing but empty rhetoric.

Aug 16, 2006 1:16 pm

By the way, you shouldn't end a sentence with "about."  It's poor grammer and since you are so high on proper grammer it lends me to think you don't realize it is wrong.

Aug 16, 2006 1:19 pm
BankFC:

By the way, you shouldn't end a sentence with "about."  It's poor grammer and since you are so high on proper grammer it lends me to think you don't realize it is wrong.



By the way it's spelled "grammar".

Aug 16, 2006 1:20 pm

LOL, I have nothing to gain by stating Pershing has operational issues, or for that matter is "god awful." 


Further, I have no need or desire as to why I feel this way to you. 

Aug 16, 2006 1:22 pm
BankFC:

By the way, you shouldn't end a sentence with "about."  It's poor grammer and since you are so high on proper grammer it lends me to think you don't realize it is wrong.


Nope, it is Latin sentences that should not end in prepositions.  There is no such rule in English.

Aug 16, 2006 1:22 pm

Thanks, Joe.  Typo on my part.

Aug 16, 2006 1:27 pm

I clear through Pershing and I have had some issues...not many.  Usually it just requires that we keep on top of activities and follow up more often so things don't fall through the cracks.  Generally they are just as good as any other clearing firm that I have used. Every back office has its faults and weaknesses.


I try to find someone in the brokerage operations area that I can work with and who seems to be efficient and use that person as a liaison. 


BTW: It's not incorrect to end a sentence with about.

Aug 16, 2006 1:27 pm
BankFC:

Thanks, Joe.  Typo on my part.


Nope, typos are things random letters appearing in the middle of words.


Mistakes are things like poor spelling, especially when confirmed by making the same mistake a second time in the same sentence.

Aug 16, 2006 1:29 pm
NASD Newbie:
BankFC:

By the way, you shouldn't end a sentence with "about."  It's poor grammer and since you are so high on proper grammer it lends me to think you don't realize it is wrong.


Nope, it is Latin sentences that should not end in prepositions.  There is no such rule in English.



I don't believe you, but as I cannot with 100% certainty affirm or deny it I will simply defer to a later time.


Regardless, I am glad to soon be rid of Pershing for the aforementioned reasons and look forward to the acquisition by LPL. 

Aug 16, 2006 1:33 pm

You are so sad.  I have noticed instances, actually I have pointed out instances, where you have simultaneously made grammatical errors (not typos) as you are complaining about other poster's grammar.


Were it not for the VOLUME of posts you make on a DAILY basis, I would take the time to display your ignorance AGAIN.