200th Episode Special: The Future of Independence with LPL CEO Rich Steinmeier

Advisor Talk with Frank LaRosa · Apr 10, 2025 · 52m

Topics covered include:

Rich’s path to the CEO role and his early vision for the future of LPL.

The evolution of affiliation models - from 1099 to W-2 and beyond.

Why independence isn’t just a structure - it’s a mindset.

LPL’s take on private equity’s role in the industry and the cautionary tale it presents.

How LPL is helping advisors monetize their practices without selling out.

The importance of staying small while scaling big - and delivering “unreasonable hospitality.”

If you’re an advisor thinking about your next chapter, your firm’s long-term strategy, or what true partnership looks…