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Broker-Dealer News: LPL Announces $11B In New Brokerage And Advisory Business

LPL has made a deal with BMO Harris Bank to service the Bank of the West’s wealth management business, which includes $7.8 Billion dollars of brokerage and advisory assets and 85 advisors. LPL has also made a deal with Commerce Bank to bring its subsidiary Commerce Financial Advisors and their approximately $3.2 billion dollar brokerage and advisory business to their platform.