Ritholtz sells shares to team, LPL’s retention dream, an RIA and an NHL team

Ian, Alec and Alex discuss Barry Ritholtz, co-founder of $7.6bn Ritholtz Wealth Management, selling a portion of his stake in the New York City-based RIA to its employees as part of a planned internal succession. They also check in on LPL’s efforts to retain Commonwealth advisors following last year’s $2.7bn deal. And have the lowdown on $2.1bn RIA First Long Island Investors pursuing a sale, including the firm's financials and its founder’s past as an owner of the New York Islanders.