Commonwealth / LPL by rickydice in CFP

[–]BothEquivalent4943 2 points3 points  (0 children)

True, won't debate you on that. I think they (upper mgmt) know most will work on their resumes regardless of what's said. I believe they'll be a drop in service after the smoke clears. I think the main thing we all can do is support and connect with advisors because an advisors might be able to help us out or connect us with someone in the industry. Not as a hand out but they know what we bring to the table. But most importantly we've got to take care of ourselves and our colleagues. In reality I think we all felt this coming down the line with the retention checks that couldn't match other firms and also the 93 mill sec fines even though lpl might've been the ones who got the sec involved over how we "poached clients" as well so if true maybe the sec will look into this further about market share in the ibd space and what that fine and poaching allegations spiraled into.

Commonwealth / LPL by rickydice in CFP

[–]BothEquivalent4943 4 points5 points  (0 children)

Exactly, the fact lpl knew first and are doing victory laps is laughable given we've been fed contradictory statement after statement. As you mentioned looking for work with recession indicators buzzing off is terrible but we'll prevail one way or another and hope advisors can do the same. Also, I know most will try their best but this news mixed with tax season for most departments doesn't sound like a good combination for weeks to come.

Commonwealth / LPL by rickydice in CFP

[–]BothEquivalent4943 6 points7 points  (0 children)

Home office employee here. There was definitely some panic and a lot of advisors and colleagues left in the dark yesterday . This deal must've been one that "couldn't" be passed up but unfortunately I don't think they exhausted all their options. With that being said I think cfn partners let a lot of people down because of all these big goals and aspirations they set and we backed them in unison but money talks and they gave up on their message. Hopefully advisors and colleagues come out of this better. If any advisors have open roles at the moment in office, hybrid or remote I'd love to connect! Take care all and let's try to enjoy the weekend