Wirehouse advisors reported lower levels of support and greater levels of business disruption over the last year compared to non-wirehouse and independent advisors, according to a J.D. Power survey.
Kimmell, who left RBC after more than 27 years, has been tasked with further digitizing the onboarding experience and recruiting advisors outside the independent channel.
The investment firm started by the wealthy heirs to the Hyatt Hotel fortune had been looking to make an investment in wealth management for several years.
While LPL has had a custody offering for more than a decade, the firm has spent the past two years investing in it and making it more attractive to fee-only advisors. Now the firm is ready to take it to market with hopes its 'white-glove' service...
