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Articles tagged "Bill Hamm"


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Sean Sullivan: A partner must have a deep understanding of the 401(k) industry.

LPL Financial bristles about proposed DOL rule, but roaring recruiting, including of 401(k) advisors, bodes well for 2024, according to top LPL executives

The Fort Mill, S.C., broker-dealer -- and recordkeeper -- is making strong pitch to 401(k) advisors with retirement plan expertise and rollover 'tool kit' of services.

February 3, 2024 at 3:07 AM

Bill Hamm: The best laid plans will never happen because it’s the nature of the beast.

After the storm of divorce, LPL Financial leaves Independent Financial Partners diminished in size beyond imagining

IFP only retained a third of the up-for-grabs assets it shared with LPL, but CEO Bill Hamm sees silver linings

June 17, 2019 at 9:40 PM

Bill Hamm: LPL has played really fair with us since day one, unfortunately there's one outfit that's made a concerted effort [otherwise] ... some of these comments coming out, considering the source, I’m not surprised ... It's a character thing.

As Independent Financial Partners readies its $41-billion LPL breakaway, a third CEO goes for the jugular

Tension boils between Robert Russo and Bill Hamm, CEOs, respectively, of the Independent Advisor Alliance and Independent Financial Partners, as Hamm prepares to fly solo

January 10, 2019 at 8:13 PM

Bill Hamm: What LPL is doing is trying to level the playing field – which makes sense. I think we just decided there are things we wanted to do that are better done on our own.

LPL Financial pulls pricing lever after Bill Hamm moves to yank $12 billion and 500 advisors off the IBD's line

The CEO of Independent Financial Partners will take 12 months move the asset trove to his own broker-dealer giving LPL time to woo reps looking for the door

May 3, 2018 at 10:01 PM

Robert Pettman: We're essentially setting up a gating mechanism. The cash is going through the money market fund and that’s why it’s traded with waived. load shares.

LPL Financial clips wings of 20 top fund companies by asserting itself as 'gatekeeper' on newly launched DOL-proof 3.5% flat-commission mutual fund superstore

Using Labor Department as leverage, LPL cuts itself in as middleman between branded fund giants -- including Fidelity, Legg Mason and Putnam -- and its advisors' clients -- in exchange for semi-exclusive shelf space positioning

August 4, 2017 at 10:04 PM

Bill Hamm: From what I’ve seen it can only bring positive changes.

LPL Financial lets go of David Reich to pull its crucial $135-billion 401(k) division into a central service and branding sphere

The head of the unit exits amid advisor chatter that the hyper-channelization of LPL sometimes makes six phone calls necessary when one would do

June 26, 2017 at 9:34 PM

Bill Hamm: We can do it at significantly less cost than what I was paying LPL and they are fine with it.

LPL restores OSJ rights to $35-billion AUA super-rep that just kept growing during its three-year ordeal

By taking compliance back in-house, IFP slashes its $1 million compliance budget in half and gains a lost flexibility, according to founder Bill Hamm

July 11, 2016 at 6:12 PM

Bing Waldert: They can go to the guy they trust and just use that person.

Report: 'Brother-in-law' dabblers are giving 401(k) ground slowly to specialists in $1.3 trillion market

Some RIAs disagree with Cerulli's pessimism and say DOL is having its effect with small employers seeking real experts to provide 401(k)s to employees

September 17, 2015 at 6:36 PM

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