LPL Taps Rich Steinmeier as Permanent CEO

LPL Financial’s Board of Directors has named Rich Steinmeier , former managing director and chief growth officer, as its new chief executive officer, effective immediately. Steinmeier had been serving as interim CEO since Oct. 1, when the board terminated President and CEO Dan Arnold for violating the company’s respectful workplace policies. Steinmeier was also elected to sit on the board.

LPL also named Matt Audette as president and CFO. He previously served as CFO and head of business operations.

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PODCAST 🎙️

RIA Edge Podcast: Alternatives at the Core with Dick Pfister

In this episode of the RIA Edge Podcast, David Armstrong , editorial director at Informa Connect’s Wealth Management Group, sits down with Dick Pfister, CAIA , founder of AlphaCore Wealth Advisory , to explore his firm’s investment approach that places alternatives at the core of the service offering.

Dick discusses his early days bringing alternatives to advisors with his firm Altegris, the origins of AlphaCore, the organic growth journey of the firm, and how the sometimes cumbersome alt-investment process is integrated into the service for clients.  

Listen to the full podcast >>

UPCOMING WEBINAR

Ask the Experts: Prepare for Possible Sunset of High Estate Tax Exemption

The estate and gift tax exemption (set at $13.61 million per individual in 2024) is due to expire on Jan. 1, 2026. If Congress doesn’t act, that tax exemption will be cut in half to about $7 million. To help your clients prepare for the real possibility of a reduced exemption, you need to discuss wealth transfer strategies with them and the possibility of “clawback” (that is, the IRS deciding that money that your client has transferred will be considered part of the estate for estate tax purposes).

Our experts will discuss what the sunset will mean for your clients and how to prepare for that possibility. They’ll also answer your pre-submitted questions.

November 7, 2024 at 2:00 PM EST

Click here to REGISTER >>

WMIQ Research

Next: The Wealth Management Firm of the Future

What defines a successful firm in 2023? Since firms come in every shape and size imaginable, finding a single definition of success for modern advisors is nearly impossible. This new report digs deep to discover the common factors that define success for advisory firms.

Rather than applying the same bar to every firm, advisors offer their own definition of success – based on their unique clientele, their unique services and the unique way they leverage tech tools. The report also explores what’s driving AUM growth, how advisors are scaling their practices and what their client experience looks like.

Click here to Download the REPORT >>

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