After some clamoring, LPL Financial advisors seem be getting what they wanted: A delayed phaseout of the BranchNet technology platform and upgrades to the new ClientWorks platform.
Andy Kalbaugh, head of National Sales and Consulting, sent advisors an email outlining the moves Friday afternoon and then posted the news on Twitter an hour later.
“Based on recent assessments, we’ve decided to postpone retiring BranchNet until later this year,” Kalbaugh said in the message.
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Judging from comments on Twitter, LPL’s course correction—it had planned to phase out BranchNet in late April—was the right move.
“We’ve devoted a great deal of time to learning and mastering ClientWorks, and we still find BranchNet to be a critically important tool for certain applications,” advisor Zachary Shrier responded on Twitter.