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Stock impact report

Six Commonwealth Firms Link Up to Create $4B RIA Platform Kintra [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
Six former Commonwealth Financial Network teams have come together to form a registered investment advisor platform, Kintra Wealth. The Williamsport, Penn.-based firm is set to launch with 74 employees in eight states overseeing $4 billion in assets under management. The six firms are making the move after LPL Financial acquired Commonwealth last year , and ahead of a full platform transition that LPL has said will take place toward the end of this year. Kintra CEO Andy Harris said the firm's co-founders' decision was driven partly by the acquisition and partly by a desire to get ahead of what they see as an “inflection point” in the RIA space. Once complete, it will bring together former Commonwealth-affiliated firms Evergreen Wealth Solutions (Harris' advisory), Loring Advisory Group, McCarthy & Cox, Rembrandt Financial Group, Tupler Financial and Warren Wealth Associates. “Advisors seem to be faced with two difficult choices—either being truly entrepreneurial and building ev Show less Read more
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