In the Margins

LPL preps new platform in response to DoL

July 14, 2017

By InvestmentNews

LPL Financial said Thursday it will roll out a new mutual fund platform to advisers early next year to eliminate perceived conflicts of interest in compensation as the Labor Department's fiduciary rule is set to take full effect. LPL said the Mutual Fund Only platform would standardize their upfront and trailing compensation for mutual fund sales, and slightly reduce the number of fund families available to clients. Read the original story from InvestmentNews.



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