The 25-adviser brokerage unit at what had been BancorpSouth Bank, which oversees about $2.5 billion in assets, is switching its affiliation to LPL Financial from Infinex, a broker-dealer owned by a consortium of banks.
In October 2021, BancorpSouth merged with Cadence Bank and its banking operation took the Cadence name. The brokerage operation of the pre-merger Cadence Bank had been affiliated with LPL.
The onboarding of the legacy BancorpSouth investment business is scheduled to take place before the end of the year, LPL said in a release.
In August, LPL announced that the retail brokerage and advisory business of People’s United Bank, which was acquired by M&T Bank earlier in the year, had joined LPL's bank platform with $2.6 billion in assets.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
