August 16, 2017
By Janet Levaux, ThinkAdvisor
Analysts and executives discuss the pros and cons of the IBD’s $325 million purchase
LPL Financial announced the much-anticipated purchase of National Planning Holdings, an affiliate of Jackson National Life, and its four broker-dealers late Tuesday.
Early Wednesday, CEO and President Dan Arnold and CFO Matt Audette spoke with equity analysts about the news and highlighted details of what could be a profitable but also highly complex merger.
Here are some of the issues raised during the discussion, with input from some analysts on the call and insights from outside industry sources, pointing to potential benefits and pitfalls of the transaction.
The Price Tag
At $325 million initially and with a possible contingency payment of up to $123 million,