Lpl ria

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
May 7, 2009 3:58 pm

Is there anyone on here who is an RIA via the LPL platform?  If so, how has it worked out for you?

May 7, 2009 7:17 pm

I'm a little curious -- I thought LPL was entering the RIA-Only Custodian business in competition with Trade-PMR, Schwab Institutional, Fidelity, etc., etc., is this not the case?

 
They force you to maintain a B/D registration?  That is strange if true.
May 7, 2009 7:30 pm
FVDA_Trade-PMR:

I'm a little curious -- I thought LPL was entering the RIA-Only Custodian business in competition with Trade-PMR, Schwab Institutional, Fidelity, etc., etc., is this not the case?



They force you to maintain a B/D registration? That is strange if true.





They were supposed to. But, I haven't heard 'boo' regarding their offering on that platform.



I noted many articles from 2008, but I haven't seen anything on their website indicating that they were providing custodial services for people that wanted to 'bring their own RIA'.



Under their existing system, you still have to maintain your BD registration, but also serve (as Ice mentioned) as an IAR under their RIA.



C