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LPL nabs JPMorgan advisor in California
The former wirehouse advisor is tapping into LPL’s platform after managing $280M in retirement and other assets at his former firm.
Why are senior JPMorgan execs ‘jumping’ to Wells Fargo?
Senior industry executive poses the question after latest switch, this time in investment banking.
LPL welcomes elite ex-Merrill Lynch advisor
The second-generation advisor and former hedge fund analyst reported managing $85 million in assets at the wirehouse.
Blackstone REIT in media cross hairs over valuation
Sketchy math dogs private market investments sold to retail investors.
LPL completes deal for Crown Capital’s $5B wealth business
The deal for the Orange County, California-based firm’s wealth business is set to add around 125 advisors to LPL.
After losing arbitration, brokers file bankruptcy
"Another schlocky broker-dealer gets hit with an arbitration award and the owner and everyone else declare bankruptcy," said one attorney.
If it’s a rollover, it’s fiduciary
The new fiduciary rule will pull a lot of brokers under the Employee Retirement Income Security Act, and harkens back to the levelized compensation from the 2016 rule.
Raymond James welcomes advisor couple in Oklahoma
The broker-dealer giant has onboarded a husband-wife tandem who previously managed $200M at Edward Jones.
Trump Media’s banned accountant had 20 B-D clients
"These firms have to go back, hire a new accounting firm and restate financials," said one senior industry executive.
LPL welcomes ex-UBS advisor in the Northwest
The veteran advisor, whose resume includes time in Silicon Valley, brings a $275M book that includes lawyers, small business owners, and widows.
Valuations for B-Ds and RIAs soar. Can it last?
Deals by LPL underscore surge in price propelled by the ongoing movement to fee-based revenue from one-time commission charges.
Barred Texas broker sold GPB fund without a license: SEC
"The only way to really address recidivism is through bringing criminal cases," one attorney said.
LPL expands in Michigan with father-son advisor duo
The two breakaway advisors are launching their own independent practice after managing a book of $240M at Ameriprise.
LPL shares hit fresh high after strong earnings
"Recruiting is as strong as ever" at LPL, one analyst noted.
LPL swipes two former Cambridge advisors in Iowa
The broker-dealer behemoth’s recruitment drive continues unabated as it welcomes the pair who reported managing around $200M in assets.
Cetera’s Durbin says IPO clock has yet to tick
"Every private equity deal we have seen in the brokerage industry has lasted five to seven years," one executive said.
Finra bars ex-Wells Fargo broker firm accused of theft
“We’ve done scores of theft cases over the years and it’s a cancer," said one attorney.
LPL lands $860M whale from Lincoln
The broker-dealer giant is expanding its profile in Texas with a holistic planning firm working with multigenerational clients.
Raymond James’ CEO shrugs off DOL rule
"It doesn't look too problematic at all," Paul Reilly said.
LPL welcomes $190M boomerang advisor
The broker-dealer broadened its advisory footprint in North Carolina as industry veteran returns from Benjamin F. Edwards & Co.