Schwab's share price is down roughly one half from where it was ten years ago and has been relatively flat during the past year. Raymond James' shares are up about threefold from ten years ago, and have gained more than 50% during the past year.
Depending how it performs, LPL's stock could help grease the skids for future acquisitions. LPL has been acquisitive in the past, and Waldert says the company has made known its intention to add more advisory companies to the fold.