Here's How This Financial Advisor Stock Is Beating the Bear Market
This has been a rough year for investors. Since peaking about a year ago, the three major indexes, Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, find themselves in bear markets -- defined as a decline of 20% drop or more.
However, some stocks have held up quite well despite harsh market conditions. One company crushing it is LPL Financial (NASDAQ: LPLA). The financial advisory company's stock is up almost 70% since the start of 2022. Here's its secret to winning in this bear market.
LPL Financial provides a platform that supports 21,000 financial advisors, who are primarily independent practitioners. The company provides its advisors with office support and its technology platform that integrates brokerage, advisory, clearing, and compliance solutions.
Source Fool.com
