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Following the transition of Prudential’s retail broker-dealer and registered investment advisory services and operations to LPL Enterprise LLC, an affiliate of LPL Financial Holdings Inc., LPL now supports more than 2,800 Prudential Advisors financial advisors — that has grown from approximately 2,600 during the past year — who ...
Total organic net new assets for November were $34.2 billion, translating to a 25.9% annualized growth rate. This included $26.3 billion of assets from Prudential Advisors (“Prudential”) that onboarded in November, and $0.6 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs.
LPL Financial Holdings Inc. (commonly referred to as LPL Financial) was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, [4] over US$1 trillion in advisory and brokerage assets, [5] and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. [6]
In late 2009, Prudential sold its minority stake in Wachovia Securities Financial Holdings LLC to Wells Fargo & Co. [17] In 2011, Prudential sold Prudential Bache Commodities, LLC to Jefferies. In February 2011, the company acquired AIG Edison and AIG Star both in Japan from American International Group , Inc (AIG) for a total of $4.8 billion ...
Invest Financial Corporation was an American broker/dealer that operated between 1982 and 2018 when it was acquired by LPL Financial. [ 1 ] Invest supervised and supported both financial institutions and independent registered representatives who offered advisory services, investment and insurance products . [ 1 ]
About LPL Financial LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 ...
Prudential Financial (NYSE: PRU) Q2 2024 Earnings Call Aug 02, 2024, 11:00 a.m. ET. Contents: Prepared Remarks. ... This includes the benefit of our recent acquisition of Deer Path Capital. Moving ...
Prudential Financial (NYSE: PRU) Q3 2024 Earnings Call Oct 31, 2024, 11:00 a.m. ET. ... including the benefit from our recent acquisition of Deerpath Capital. Turning to Slide 8. Our US businesses ...