Industry

According to recruiter Mark Elzweig, the bank's response to scandals in Europe changed how advisors were paid, turning a once-promising boutique into a radioactive operation.

More defections hit the British bank's wealth management unit as it nears its deal to merge with Stifel.

"Make no doubt about it, we are not near a recession," says LPL chief investment officer Burt White.

Advisors keep slipping away from the regional brokerage while it waits to merge its operations with Stifel.

Three wirehouse advisors switch to the super regional's employee channel.

The independent broker-dealer knows it’s in a dogfight to stay competitive in a sellers’ market.

Recruiting "is as competitive as I've seen it in the last 10 years," says LPL exec.

The regional brokerage picked up eight advisors for their employee and independent channels.

The group is the latest to defect from the British bank's wealth operation before its impending sale to Stifel.

One goal is to fully automate LPL's roughly 20 million pages it uses each year and eliminate the experience of working in an office over-filled with files.