LPL wins $20bn retail brokerage business from M&T Bank
Louis Diamond Quoted – By Ian Wenik, Citywire – M&T Bank is moving its retail brokerage and advisory business to LPL Financial, the two companies said on Wednesday. The move will add roughly $20bn in client assets under management and 170 advisors to LPL’s institutional platform. LPL said that M&T Bank will be the largest financial institution it serves.
