One senior investment banker, speaking under the condition of anonymity ridiculed the suggestion, that "only LPLcould have paid thefinancial consideration for this transaction or done a deal of this magnitude. Experts who talk about technology as a key consideration are off base as well. This deal is all about Jackson wanting to exit the business while preserving reliable distribution."
Jackson is considered to be one of the smarter, more innovative players in the U.S. annuity market, thanks in part to its British ownership. Annuities are far more commonly purchased investment vehicles in the U.K., which undoubtedly has worked to Jackson's benefit. The deal also offers every indication of working out well for LPL, even if its rivals may BE more motivated than usual to poach NPH reps over the next few years.