LPL Financial (LPLA) announced the launch of its Cash Management Account, CMA, a solution designed to simplify clients’ financial lives by integrating traditional banking features with investing. “With CMA, we’re removing friction between banking and investing,” said Mike Holtschlag, head of Banking and Lending at LPL Financial. “Clients can act quickly when investment opportunities arise, while enjoying the everyday functionality of a traditional spending account. It’s about empowering advisors to offer a more integrated and seamless financial experience to their clients.”
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