People’s United Bank joins LPL platform
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M&T Bank Corp., which recently acquired Peoples United Bank, will transfer that banks retail brokerage and advisory business to LPL Financials institutional services platform, which M&T currently uses, in the second half of the year.
The program at Peoples United consists of 30 advisers serving about $6 billion in assets.
M&T moved its retail brokerage and advisory business to LPL’s platform last June.
[More: LPL to keep trolling bank broker market]
The post People’s United Bank joins LPL platform appeared first on InvestmentNews.
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