LPL signs on $36 billion insurance company B-D as clearing client
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CUNA Brokerage Services agreed to become a clearing and custody client at LPL. The firm has $36 billion in assets and close to 550 advisers who work at credit unions.
As LPL Financial continues to pay top dollar for recruits, it is also expanding its clearing and custody businesses and said on Monday that CUNA Brokerage Services Inc. will move its brokerage and advisory assets, $36 billion and close to 550 advisers who work at credit unions, to LPL in early 2022.
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