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LPL Reportedly Seeking a Buyer or Other Strategic Partners

Saturday, Oct 15 2016
News Roundup
Written by  PFA News

With advisors under growing pressure to lower fees while facing increased regulatory costs and the headwind of low interest rates, LPL Financial is reportedly looking for a strategic partner or buyers. So reports Reuters.

LPL, the nation’s largest independent broker-dealer and registered investment advisor, has tapped Goldman Sachs to help find a suitor.

Read the full article from Reuters.

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