LPL Financial

A successful recruiting strategy isn't enough to keep a financial planner put.

The combined AUM of the top 10 companies has soared by 60% to more than $770 billion over the past five years.

The No. 1 independent broker-dealer failed to properly register more than 650 reps as agents, the prominent state regulator says.

The No. 1 IBD has stopped offering the higher-yield funds in its automated bank deposit programs, but it notes they’re easily accessible in investment accounts.

The regional firm lost three advisors, one of whom joined a group that's added some $1.2 billion in recruited assets and organic growth this year.

The firm hopes to follow advisors' lead on what's best for their business in its outsourced advisory models, says CIO Burt White.

The firm is “looking to aggressively compete” by lowering and simplifying the fees on its advisory platforms, a top executive says.

The firm expects shareholders will save an estimated $3.2 million, annually.

The No. 1 IBD aims to triple its potential target market reach, in part by adapting some aspects of employee services to independence.

The new player aims to disrupt the sector despite losing some 300 reps to other firms.

Despite a great year, firms don't see fit to rest on their laurels. Instead, they're preparing and adjusting to falling traditional revenue and rising expenses.

This interactive tool provides the full collection of data from Financial Planning's 34th annual study of the largest firms in the space.

The majority of the top 25 firms boosted their business by double digits in 2018, and five of them reeled in more than 20% growth.

Carson Group has recruited $1.2 billion in client assets this year across 13 different firms.

One departing practice managed $100 million in assets.

CEO Dan Arnold presented details of the firm's mounting ambition after announcing the acquisition of a brokerage and RIA with $3 billion in client assets.

With brokerage firms lining up in support of the SEC proposal, fiduciary planners aim to keep their differences from the BD channel intact.

The regulator and one of its largest members, LPL Financial, engaged in a back-and-forth on the controversial initiative.