LPL Financial Holdings reported the strongest quarter in the company’s nearly three years as a public company, with net revenues topping $1 billion for the first time. LPL’s board of directors also announced the company’s quarterly dividend would be raised 40% to 19 cents per share.

But the recruiting slump of the country’s largest independent broker-dealer continued in the second quarter, as LPL added only 32 net new advisors for a total of 57 so far this year -- a pace that falls well short of the company’s target of adding 400 to 500 new advisors annually.

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