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.
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