FNZ may have to undo its acquisition of GBST because a regulator in the U.K. — the Competition and Markets Authority (CMA) — has again determined that the union of FNZ and GBST would “substantially lessen competition” and is reviewing “different remedy options to address these concerns,” CMA officials say. GBST provides the Syn~ suite… Read More >>
LPL Financial Buys AdvisoryWorld for $28 Million
LPL Financial LLC, the broker-dealer and retail investment advisor (RIA), is acquiring IT provider AdvisoryWorld for $28 million in an effort to speed up LPL’s push to offer capabilities that support the digital evolution of advisors and boost their efficiency. LPL officials say that the transaction closed on Dec. 3, 2018, and that the firm… Read More >>
