Updated Wednesday, August 27, 2014 as of 12:57 PM ET

LPL Will Spend to Save, CFO Arnold Says

LPL’s highly publicized outsourcing effort will  cost the company between $70 million and $75 million over the next three years, but will result in annualized operational savings of $30 million to $35 million beginning in 2015, according to Dan Arnold, its chief financial officer.

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