Barry speaks with Rich Steinmeier, CEO of LPL Financial. They discuss his early career learnings at McKinsey. They also discuss LPL's $2.7 billion acquisition of Commonwealth, and the evolving relationship of AI and financial advice. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Radio host columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video #Business #Investing #Podcast