Increase in governmental oversight to safeguard the public New regulations related to accessing capital Dodd-Frank Act
Sarbanes-Oxley Act SEC regulations Federal Deposit Insurance Corporation (FDIC) regulations Stringent FINRA oversight Economic
Lower interest rate environment Stable inflation rate Fiscal unrest in Greece and China Great Recession of 2008 Low oil prices Mortgage foreclosure and banking crisis
Dollar’s value versus foreign currency Rising GDP Decrease household net worth Fluctuating stock market both nationally and internationally Unemployment influences on consumer spending Social
Number of millennials Aging of the baby boomer generation Increased mortality Uncertainty related to social security
Escalating healthcare premiums Financial scandals & crises Greater focus on …show more content…
Financial changes overseas, economic trends, and changing policies are significant issues that have an impact. A company within the financial services industry must consider the influence of low-interest rates for the last seven years. How will they mitigate the effects of this potential weakness? Kliesen (n.d) found during periods of low-interest people spend rather than save. He determined because of low rates individuals and investors look for an investment product that will offer a higher yield. The solution for this weakness is to consider offering a new product and explore alternative investments. In a competitive business, LPL is one of the largest independent broker-dealers and in a steady and secure position to capitalize on this opportunity. Those companies such as LPL that can adjust will survive during economic