Dan Shaw

Gary Carrai draws on his previous experiences as a financial advisor to recognize what sorts of technical advances are most likely to be useful to LPL advisors and clients — and how much change they can tolerate at once.

JPMorgan wants a judge to overturn the FINRA arbitration award it was hit with after firing one of its brokers over expenses stemming from a Super Bowl-timed client meeting.

Some advisors say they already have a hard enough time explaining what a fiduciary is under federal law and that NAPFA's new definition for fee-only planners will only add to the confusion.

Gary Carrai, chief product officer at LPL Financial and a former financial advisor, says the firm is using AI to improve efficiency while avoiding “innovation fatigue” among its more than 32,000 advisors. AI tools already assist with call-center support, meeting summaries, information searches and administrative tasks such as opening new accounts. LPL is also developing a flagship AI platform designed to enhance advisor workflows rather than replace human roles. Carrai argues that AI will augment advisors by automating routine work, allowing them to serve more clients as many advisors approach retirement. The firm is carefully introducing new technologies alongside training and support programs to encourage adoption.

| Doctors have grown accustomed to patients turning to websites like WebMD or, increasingly, AI-driven chatbots for second opinions on their medical decisions.

Many clients avoid consolidating their assets at a single firm because they don't want the hassle. Advisors say it's important when to know not only when they're most likely to want to move assets, but also what to say.

Although low-cost ETFs remain the most common component of model portfolios built by BlackRock and other third parties, private credit, equity and other alternatives are gaining ground.

For financial advisors, the surge in new wealth highlights continued opportunity for those targeting prospects coming into sizable sums of money.

Retaining Bartholomew & Company comes as a big victory in LPL's bid to hold on to AUM and advisors from its acquisition last year of Commonwealth Financial Network.

Brooke Pilant, who was at Ameriprise from 2017 to 2024, accused the firm of turning against her after she raised concerns about "unethical practices."