Economy

In a cut throat market, the RIA can now offer cash for M&A deals.

“It’s like shopping on Amazon for real estate,” says one investor. But clients pay a premium for the access and convenience.

Four of new hires are former wirehouse advisors.

The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

New hires follow two big additions last month that had AUM topping $2 billion.

The custodian is introducing a subscription fee and zero-commission model for advisors.

Both recruits had a long history with wirehouses before trading them in for the regional broker-dealer.

RIAs already on the platform can stick with the old pricing model or transition to the new one.

It’s a short move for the advisors; only four blocks separate their old office from their new digs.

LPL’s continuing major poaches from rivals make up only one of the kinds of ways that firms are vying to attract and retain advisors.