Under the premium affiliation model, LPL will handle some of the more daunting tasks involved in going independent while allowing advisors to be self-employed.
Financial advisors always advise their clients to prepare for what’s ahead; they should take their own advice and look out for the future of their firms.
The analysis of 7.5 million investors who custody with Apex found that most of millennials' top holdings were tech companies that had largely outperformed indices like the S&P 500.
While overall fees have decreased over the last decade, the industry has done little to level the playing field for investors and solve the real problem — aligning fees to the value of active management and improving the probability of a favorable outcome depending on manager skill and efficiency of the asset class.
