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LPL Discloses $18M Charge, but No Arnold Updates on Q3 Call
By
Janet Levaux
News October 31, 2024 at 11:08 AM
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What You Need To Know
- The firm, now led by Rich Steinmeier, had $1.6 trillion of assets and 23,686 financial advisors as of Sept. 30.
- The $18 million charge is tied to a planned SEC settlement related to anti-money laundering controls.
- Executives said the company is on track to retain 80% of Atria Wealth Solutions' advisors.
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