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LPL Offers Advisors New Employment Model

With its planned acquisition of Allen & Company of Florida, LPL will offer its advisors, who currently serve as independent contractors, the opportunity to become full time independent employees of the company. So reports Barron’s.

Industry observers, however, question if employees of the firm will have sufficient freedom to be called independent or if the term simply refers to LPL as an independent broker-dealer.

Read the full article from Barron's.

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