C., May 11, 2017 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc.(NASDAQ: LPLA), today provided an update on financial advisors who chose to affiliate with the firm in the first quarter of 2017.Matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, which may cause levels of assets serviced, actual financial or operating results, levels of activity, or the timing of events, to be materially different than those expressed or implied by forward-looking statements.In particular, the Company can provide no assurance that the assets reported as serviced by its newly recruited financial advisors at their prior firms will translate into assets serviced at LPL.We are the guys participating in colorful parades, driving those funny cars, clowning around at times and wearing our Red Fez's, but at the same time our commitment to helping kids is what we are really all about.
In 2010, due to the expansion of Shrinedom in other parts of the world over the years, which included the establishment of Shrine Clubs and more recently permission granted by the Imperial Shrine for the building of the first Shrine Temples beyond North America, our official title was changed to "Shriners International".
Important factors that could cause or contribute to such differences include: the choice by one or any of the clients of the Company's newly recruited financial advisors mentioned in this press release not to open brokerage and/or advisory accounts at LPL Financial and/or move their respective assets from advisor’s prior firm to a new account at LPL Financial; discovery of errors made in the calculation of assets serviced reported by the newly recruited advisor; changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of assets under custody; effects of competition in the financial services industry; and the other factors set forth in Part I, "Item 1A.
Risk Factors" in the Company's 2016 Annual Report on Form 10-K and any subsequent SEC filing.
In later years following our establishment, the Orthopedic Hospitals and Burn Institutions were established as charities of our Order.
Now our 22 Hospitals are known as Shriner Hospitals for Children and Shriners Burn Institutes, but we as Shriners call them the Worlds Greatest Philanthropy.