More than 300 reps have switched BDs so far this year, with LPL and Cambridge Investment Research completing the two largest grabs.

Amid the coronavirus pandemic and lockdowns, advisors are relying on the firm’s technology more than ever.

The IBD network had been preparing for disruption, CEO Adam Antoniades says, and it has the financial flexibility it needs to boost financial advisors’ practices.

“The world has become more digital, less global and more local,” says Amy Lo, co-head of the firm’s Asia Pacific wealth division.

CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”

Even as Schwab, TD Ameritrade and E-Trade attract billions in new assets, company cash yields suffered from Fed cuts.

The clearing and custody giant isn’t saying which company paid it a notable breakage fee this quarter.

A lull due to the coronavirus appears to be over, according to the No. 1 IBD’s top recruiter. The firm is still competing against a slew of rivals for ex-wirehouse reps.

It’s one of several ways that the firm is working to keep growth plans on track.

Deposits increased by almost $30 billion in March alone, with clients shifting out of equities and into cash.