LPL Financial’s new subsidiary, LPL New Venture, has sparked more questions than answers, but one thing is clear: the firm is dedicated to supporting fee-based financial advisors.

LPL New Venture, launched Wednesday, will support advisors who are new to the industry and who are dedicated to serving mass-market clients, says Esther Stearns, CEO of LPL New Venture. “We feel they have the tools to help consumers focus on the full picture of financial well-being over time,” Stearns says.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access