LPL Financial

The nation’s largest independent broker-dealer has had a net loss of 121 advisors this year, mostly to three major OSJs.

The advisors collected $1.7 million by fraudulently pushing variable annuities, investigators say.

The advisors come from a firm reported to manage over $5 billion in assets.

The IBD spent $77 million on technology upgrades in 2016.

The nation's biggest IBD believes macro trends are ideal to boost recruiting, says LPL managing director Bill Morrissey.

The firm is trying to show advisors how they can use LPL’s resources to “get more at-bats” with prospective clients, an executive said.

Dan Arnold says behavioral management, automation and portfolio and planning services need to be combined to win future clients.

"Make the process as collaborative as possible," one expert says.

CEO Dan Arnold said advisers’ uncertainty about the fiduciary rule is waning.

The new executive will lead a team counseling advisers on how to comply with the DOL rule.

Firms still rely heavily on commission income despite drops last year.

July 24: The world’s largest independent broker-dealer has launched a new mutual fund platform to adhere to the rule.

The four advisers joined the more than 500 lost by the wirehouse in the last nine months.

Critical criteria that can raise the market price of an advisers' book.

The nation’s largest IBD plans to launch a platform with load-waived shares from 20 companies.

The engine of future growth for the top independent broker-dealers is likely to be fees.

The group joined an existing independent practice affiliated with LPL.

None of the FP50 are close to equalizing their ranks of men and women.

So far this year, at least 9 banks switched their investment services programs to new third-party broker dealers. One outsourced its broker-dealer operations to a TPM for the first time.

Although revenue fell for the FP50, most firms upped their AUM.