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LPL Financial CEO Floats Idea of Orphaning 3% of Its Brokerage Business in Prelude to DOL 'Travesty'
RIABiz 
Nov. 2, 2015
"LPL Financial ... aired out the possibility of orphaning a vast swath of its own clients and their billions-of-dollars of assets as a worst-case scenario unless the [DOL] backs off heightened fiduciary rules. The ... independent broker-dealer could cut loose brokerage retirement client accounts with $15,000 or fewer in assets, which could amount to about 3% of LPL's retirement brokerage assets."
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