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Recruiting at a trickle
The lull in brokerage recruitment that marked the start of the year is now officially a doldrum, as reps at larger firms are staying in their seats. Advisers on the Move: Who's jumped this year
Heiress: LPL rep took me for a ride
An heiress to the Knott's Berry Farm theme park is seeking $8.5 million in an arbitration claim against LPL Financial LLC.
Knott's Berry Farm heiress files $8.5M claim against LPL
An heiress to the Knott's Berry Farm amusement park fortune claims a former LPL broker took her for a ride, wiping out nearly $8.5 million in her estate. Now, she's going after LPL.
Montana regulators target LPL REIT sales
Bruce Kelly reports that LPL management was caught off guard by news that Montana is probing the brokerage's sale of nontraded REITs.
Noted plan adviser bolts from 'so big' LPL
Joe Connell exiting after just a year at the brokerage; costs of LPL affiliation a factor
Two MetLife B-Ds on Cetera's radar
Company is said to be pursuing an acquisition of one or more broker-dealers
Philanthropy calls: LPL's Dwyer to exit
Long-time executive had most recently been lobbying in Washington for independent broker-dealers
In rare move, LPL buys television ads
LPL Financial LLC is trying to reach a wider swath of brokers by buying commercial ads on business news channel CNBC. It is the first time that LPL Financial has used a national media campaign since being acquired by two private-equity firms in 2005. The use of commercial spots runs counter to the
LPL ordered to pay $2M in restitution
Massachusetts Securities Division seeks payment to investors who bought shares of nontraded real estate investment trusts
Galvin's LPL suit a boon to plaintiffs
Last week, Massachusetts sued LPL for its sales and marketing of a popular nontraded REIT. Expect the plaintiffs' bar to swoop in as well.
Shareholders' “powerball” payout
Companies could distribute special dividends that may total a record $100 billion to shareholders ahead of the likely expiration of the Bush-era 15% top tax rate on dividends at the end of the year.
LPL signs Alliant Credit Union, with its $8.2 billion in assets
LPL Financial LLC is providing members of the nation's sixth-largest credit union with brokerage, trust and wealth management services after signing up Alliant Credit Union, the 35th it has added to its platform this year.
LPL raises fees for second-straight year, cuts incentives
For the second-straight year, LPL plans to raise the fees its reps must pay. The reason? For one, higher insurance costs. The B-D is also cutting some bonuses.
Working Smarter: Engaging Prospects And Clients Through Social Media
For financial advisors, social media represents a powerful addition to traditional marketing and networking activities. With the right strategy in place, social networking can be an important tool for both client acquisition and retention, enabling you to enhance brand awareness, deepen existing ...
Cortazzo moves affiliation to LPL Financial from SII
Noted financial adviser Mark Cortazzo and his firm, Macro Consulting Group LLC, last Thursday moved its affilation to LPL Financial LLC, which continues to recruit large practices while dealing with the loss of the custody business of one of its most high-profile advisers.
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Mary Beth Franklin, InvestmentNews