“Thawing” market conditions helped LPL Financial realize a surge in net new advisors in the fourth quarter and the company is confident it can continue.

The San Diego-based company added 427 advisors in the fourth quarter to give it a total of 12,444. Robert Moore, the company’s chief financial officer, said that 206 of those advisors were added as a result of LPL’s acquisition of National Retirement Partners, but the 227 net new advisors added organically represent a “very very very good” boost on a quarterly basis.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access