Michael Kitces highlights LPLs brand recognition challenge
@MichaelKitces: LPLs brand challenge
Michael Kitces, a prominent figure in financial advisory circles, sheds light on the branding challenge faced by LPL Financial. For years, LPL was recognized mainly by advisors, not consumers, a strategy the company initially embraced by focusing on its independent advisers rather than its corporate brand.
However, Kitces points out that this approach led to confusion among some clients, who were unclear on the entity managing their investments. In contrast, industry giant Charles Schwab is often immediately recognized by consumers, highlighting the disparity in consumer awareness between major financial service providers. LPL's branding strategy may need reevaluation in light of these observations.
Loading...
In the previous news, tweet author Michael Kitces discussed the evolving landscape of client expectations for financial advisors.
