LPLA
NASDAQ · Financial Services
Lpl Financial Holdings Inc
$295.10
-2.52 (-0.85%)
LPLA News4 articles
Blackstone Enlists Top Golfer Fleetwood in Wealth Management Expansion
Blackstone has appointed professional golfer Tommy Fleetwood as its inaugural global brand ambassador, a strategic move to attract high-net-worth individual investors. The firm's private wealth unit now oversees $302 billion in assets as competition for affluent capital intensifies.
LPL Financial Shares Stabilize After AI Tax Tool Sparks Brokerage Selloff
LPL Financial shares steadied in premarket trading following an 8.3% plunge, as investors assess the threat of AI automation to traditional tax-planning fees. The selloff spread across major brokerage firms after fintech Altruist unveiled an AI-powered tax strategy tool.
Schwab Shares Rebound Slightly After AI Tax Tool Fears Trigger Brokerage Selloff
Charles Schwab stock edged higher in premarket trading Wednesday, attempting to stabilize after a sharp 7.4% decline the prior session. The selloff was driven by concerns that new AI-powered tax planning tools could pressure advisory fees across the brokerage sector.
Brokerage Stocks Tumble on AI Tax Tool Launch, Schwab Leads Decline
Charles Schwab shares fell 7.5% in after-hours trading as Altruist's new AI tax-planning platform sparked concerns over automation in advisory services. Other major brokerages also saw significant declines.