A Goldman Sachs equity analyst says LPL’s pure-play brokerage model will fare better in the market volatility than Raymond James’, which relies on investment banking and capital markets.
With uncertainty around how custodians will service smaller advisors going forward, shuttering the RIA and affiliating with a larger platform seems to be a better option for many sub-$150 million advisors.
The firm has developed a new program to prepare recent graduates and career changers for its formal advisor training program, with an emphasis on financial planning.