Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Markets, LPL Trade Up Slightly for Day, Week
By Janet LevauxIPOs rise for a second day and other shares recover after falling 1.6% on Wednesday. LPL Financial moved up on its second day of trading by 1.46% to 32.60.
November 18, 2010
LPL Kicks Off Its IPO, in Much Anticipated MoveLPL's IPO successfully passed its first test, as its shares rose 7% in trading Thursday, closing at $32.15 with 8 million shares traded.
November 18, 2010
LPL IPO: Advisors React, Saying LPL's ‘Come a Long Way’LPL Financial's public offering is good news to many advisors, though some are cautious about its long-term impact.
November 18, 2010
LPL IPO: Brokerage-Firm IPOs and Recruiting: The Good, the Bad and the UglyFrom a recruiting standpoint, going public has both pros and cons for LPL Financial. Already there are rumors of big defections to come after some of its top producers cash out through the IPO.
November 18, 2010
LPL IPO: Trading Comes as Deals Flood the MarketIn the week that LPL Financial has launched its IPO, the financial services IPO market has returned to a position of strength after passing through an unwelcoming summer period.
November 17, 2010
LPL IPO: Commonwealth’s Rooney on the Benefits of Private OwnershipJohn Rooney, managing principal of Commonwealth Financial's San Diego office, says that among the leadership ranks of the independent B/D where he's spent the last 22 years, there are no regrets on staying privately owned.
November 17, 2010
LPL Gets a $30/Share Price for Its IPOThe underwriters for LPL Financial, the largest independent broker-dealer, late Wednesday priced its initial public offering of stock, set for Thursday, Nov. 18, at $30/share.
November 17, 2010
LPL IPO: Elliot Weissbluth on the Pros, and Cons, of Going Public"We're all watching LPL pretty carefully," says Elliot Weissbluth, CEO of HighTower Advisors, "and hopefully its IPO is well received, because it will show health in the IPO market, and health in a business model that we're, frankly, quite interested in."