LPL Financial

AdvisoryWorld will operate as an independent subsidiary under the No. 1 IBD while adding new offerings for its 30,000 advisor and institutional clients.

Executives say valuing friendliness alongside other factors is helping to drive a record $66 million in incoming production this year.

The firm has seen a number of planners exit in recent months.

The company's head count has expanded by 43 advisors in the past year.

A civil filing by an IBD seeks damages for firms and reps “who devoted significant time and resources to building a book of business,” an attorney says.

The largest IBD unveiled a partnership with the U.S. Army Reserve designed to tap ex-servicemembers and reservists through apprenticeships.

Despite the IBD converting much of its technology, HD Vest's COO says the process has been less painful because its planners are supportive of the changes.

Investigators say the barred rep diverted more than $1.8 million of her clients’ money for personal use, including on vacations and houses.

The 7,700-advisor IBD network hasn’t been as active in recruiting as its rival lately — but it’s holding on to a portion of the major enterprise.

FINRA says the firm did not disclose necessary client issues or hacking attempts.

The independent broker-dealers born during this fraught year have thrived. Now, however, their role in creating today’s independent advisor threatens their ability to survive another half-century.

The No. 1 IBD’s major spending on recruiting, technology and organic growth is yielding big returns.

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.