If LPL Financial retains about three-quarters of National Planning Holding’s business after its purchase of the 3,200-advisor network, CEO Dan Arnold will be happy.

“From a historical standpoint, we would look at a 70% number as being a solid, kind of down-the-middle outcome in terms of retention,” Arnold told analysts Wednesday, a day after LPL announced it would pay $325 million for NPH.

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