Masters in Business · Friday, October 30, 2026
Rich Steinmeier explains how LPL Financial is utilizing artificial intelligence and technological investments to reduce administrative burdens for advisors. He notes that advisors spend about 70% of their time on process work, and new tools aim to shift that ratio.
“What we see is that 30% of the time, they're actually delivering advice to their clients.”
“So- Obviously, we're in 2026, so this is kind of the 2025 story maybe, is the note takers, the ability to prepare for meetings.”