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0 -0.000111699751069206 0.000223399502138231 -0.000638284291823723 -0.0014361396566032 0.000702112721005842 0.000702112721005842 0.000702112721005842
Stock impact report

$2.2B Carnegie Private Wealth Restructures Compensation with Longevity in Mind [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
Carnegie Private Wealth, a Charlotte, N.C.-based registered investment advisor in LPL Financial's corporate RIA channel with $2.2 billion in assets under management, has restructured its compensation program to better position itself for long-term growth. In a move that experts see as becoming more common among RIAs, Carnegie has launched a profit-sharing setup among its 26 team members (with plans for two hires in the coming months). The program also includes a 360-degree review for employees twice a year and unlimited paid time off—two common tools in corporate America, but not necessarily in the generally founder-led RIA sector.   “Now that we're three years in after launching the firm, we wanted to find a way to really reward people for all the hard work that they do and the way that they contribute,” said Jordan Raniszeski, a senior managing partner at Carnegie who was part of the creation of the firm three years ago when it moved from Wells Fargo to LPL's RIA channel. “But Show less Read more
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