LPL Financial Shares Fall 12.5% After Lowering Asset Retention Forecast
LPL Financial shares fell 12.5% in morning trading after the company lowered its asset retention forecast for its Commonwealth Financial Network acquisition and guided for moderating near-term asset inflows.
What happened? Shares of independent financial services firm LPL Financial NASDAQ:LPLA fell 12.5% in the morning session after the company lowered its asset retention forecast for its Commonwealth Financial Network acquisition and guided for moderating near-term asset inflows.The brokerage reported…