“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.
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