LPL Financial

The No. 1 IBD unveiled positive recruiting numbers for the third quarter, alongside an 84% jump in profits.

The No. 1 IBD poached two more teams from the largest firm in rival network Cetera Financial Group.

The No. 1 IBD added a practice with $520 million in client assets from rival Cambridge before walking back a new policy that has resulted in departures.

LPL slammed the move by the exiting major issuer to cut off trails for advisors in certain existing contracts.

“High-touch” support, technology and firm culture played a part in career changes for seven advisors.

The practice transitioned in a week in which 15 advisors joined their new firm in three separate moves.

While the No. 1 IBD has retained a significant portion of the hybrid RIA’s advisors, its founder says the firm has major outside recruiting opportunities.

Charged with leading the firm’s recruiting and sales strategy, Scott Posner will report to the recent successor to Bill Morrissey, who left the firm last month.

A team of four women is moving to LPL in pursuit of what they say is a less difficult, lower-fee alternative.

Upon closing, the deal will push Wealth Enhancement’s advisor head count beyond 70 financial planners.

The No. 1 IBD drew in a team composed of both CPAs and advisors.

The four-advisor practice joined the No. 1 IBD after its CEO pledged to transform the company’s culture.

Firms’ head counts show how they’re responding to a challenging time in which experts predict the number of advisors to fall in coming years.

A settlement with Massachusetts regulators resolved a nontraded REIT case, but NPH’s terminations from FINRA and a handful of states are still pending.

The issuing organization is working to expand the number of firms allowing the certified kingdom advisor title to be used in marketing materials.

Stratos Wealth and other OSJs are offering more types of affiliation and equity deals in a bid to stem a competitive threat.

Planners ranging from sole practitioners to the largest OSJ enterprises welcomed the CEO’s comment that the firm's culture was not aligned with its strategy.

The OSJ spans dozens of advisors, and it marks at least the ninth major exit following a change in policies at the No. 1 IBD.

The move by the multi-generational practice stemmed from LPL’s self-clearing capabilities, one of the advisors says.

Robert Russo says the Independent Advisor Alliance has recruited nearly three dozen IFP reps, and other large enterprises have also made inroads.