LPL Financial is “on track” to comply with the fiduciary rule, regardless of possible further delays, executives said during a conference call following the firm’s first-quarter financial results. Looking ahead, the company says it anticipates the rule’s impact will continue to roil the advisory industry.
“We expect the rule to create disruption that will lead to movement of both advisers and assets in the coming months and years,” CEO Dan Arnold told analysts on the call.
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