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          • Reading financial newsThis Week’s Top 5: NBA Star’s Suit Against Morgan Stanley, RayJay Ups Recruiting Ante, and More
          • Merrill advisors Alpesh R. Patel, Matthew Birkett and Darren Siegrist moved to Rockefeller along with client associates Hai Dang and Chris Iwamasa.Merrill Loses $3-Mln Team to Rockefeller in CA, $2-Mln Group to Texas RIA
          • Dining expenseFinra Dings Ex-Morgan Stanley Broker in Los Angeles over Expense Lapse
          • Employee ApplauseFocus Financial’s PE Backers Eye $323 Million Pay Day with Stock Sale
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          • Merrill advisors Alpesh R. Patel, Matthew Birkett and Darren Siegrist moved to Rockefeller along with client associates Hai Dang and Chris Iwamasa.Merrill Loses $3-Mln Team to Rockefeller in CA, $2-Mln Group to Texas RIA
          • Bonus for financial advisorRayJay Details Recruiting Offer Hikes, Drops Some Clawback Provisions
          • Montgomery, Alabama.Merrill Lifer and His $4.4-Mln Alabama Team Jump to Morgan Stanley
          • Advisor considering independenceExclusive: Rockefeller Lures Merrill Private Wealth Regional Head in Chicago
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          • Dining expenseFinra Dings Ex-Morgan Stanley Broker in Los Angeles over Expense Lapse
          • Judge rulesFinra Bars Ex-Wells Broker Who Raised $3.5-Mln For Software Company
          • Advisor fraudFinra Suspends Former NJ Broker Who Borrowed from Clients to Pay Debts
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LPL

LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2018 the company had more than 16,000 financial advisors, over $681 billion in advisory & brokerage assets, and generated approximately $5.2 billion in annual revenue for the 2018 fiscal year.

Advisor Soliciting Clients
2/18/21 | Breakaway Center, News | JP Morgan, LPL | 4 Comments

J.P. Morgan Chases Another Bank Broker Who Joined LPL

LPL, Waddell & Reed

LPL Gets ‘Commitments’ from Waddell Advisors Serving 80% of Assets

2/5/21 | News | 1 Comment

LPL CEO Dan Arnold said it is having an “ongoing dialogue” with the remaining undecided Waddell & Reed advisors ahead of the mid-year closing of the deal.

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Earnings, M&A
Brendan Biruk, Leslie Crilley and Dan Rattigan (left to right) of Washington Crossing Financial Group.
LPL, UBS

LPL Reels in UBS Pennsylvania Team with $245 Million Book

1/26/21 | Advisor Moves, Breakaway Center, News | 3 Comments

Wirehouse veterans broke away last week to launch their own practice, Washington Crossing Financial Group, named for the town where they are based.

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Advisor Move, Breakaway Broker, LPL Financial, Pennsylvania, RIA, UBS
FINRA
FINRA, LPL

Finra Fines LPL $6.5 Million over Broad Supervisory Failures

1/4/21 | Enforcement, News | 5 Comments

The nation’s largest independent broker-dealer failed to maintain proper supervision of record retention, fingerprinting and screening of associated persons, consolidated reports.

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Finra
Mark Pomerantz and Andrreew Hutcheson
Alex. Brown, LPL, Raymond James, Rockefeller Capital Management, Wedbush

Wirehouse Advisors in Florida, L.A. Jump to ‘Boutiques’ Rockefeller, Alex. Brown

12/17/20 | Advisor Moves, Breakaway Center, News | 1 Comment

Broker with more than two decades of experience at Morgan Stanley joins Rockefeller’s fledgling Boca office and 39-year California advisor signs on with RayJay’s Alex. Brown.

Read More

Advisor filing lawsuit
LPL, Wells Fargo

Wells Broker Leaves for LPL, Sues to Fend Off TRO

12/15/20 | Advisor Moves, Breakaway Center, News | 7 Comments

Wirehouse veteran in San Diego preemptively asks court to prohibit Wells from suing him the same day he registers as an independent broker.

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LPL Financial
LPL, Macquarie, Waddell & Reed

LPL to Buy Waddell & Reed’s Brokerage Business for $300 Mln

12/2/20 | News | 3 Comments

Deal adding about 900 Waddell advisors to LPL’s more than 17,000 is expected to close by middle of 2021.

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Nate Angelo
LPL, RBC

RBC Promotes Practice Management Head to Run Pacific Northwest

12/2/20 | News | 3 Comments

Nate Angelo will oversee 137 brokers in ten offices as one of RBC’s 21 complex directors in the U.S.

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Commonwealth, LPL

Commonwealth Aims New Recruiting Deals at Wirehouse Brokers

12/1/20 | Advisor Moves, News | 5 Comments

Independent broker-dealer is raising transition loans and constructing new payout grids to attract big-firm brokers seeking to run their own advisory shops.

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John Bull, founder of Verus Capital, says he changed broker-dealers so he can offer more flexible RIA affiliation options to partner firms.
Advisor Group, LPL, Securities America

LPL Lures Arizona ‘Enterprise’ Team from Securities America

11/23/20 | Advisor Moves, News

Shift of “office of supervisory jurisdiction” with about 30 advisors servicing $1 billion to LPL follows 10-year affiliation with unit of Advisor Group.

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Maria Peralta, Adam Goldstein, George Chardukian and client associate Amy Montiel
LPL, RBC

LPL Hires RBC Arizona Team to New Channel

11/19/20 | Advisor Moves, News | 3 Comments

Trio managing $380 million is the fifth to join new Strategic Wealth Services unit launched for employee-channel producers seeking more support than typical LPL independent contractors.

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Robert Moore
Cetera, LPL, Private Advisor Group

R.J. Moore, Independent Brokerage Notable, to Run Giant LPL Affiliate

11/18/20 | News

Former CEO of Cetera and president of LPL buys stake in $21.7 billion-asset Private Advisor Group and becomes CEO of the 650-advisor LPL brokerage practice.

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CORONACRASH NEWS

  • Big U.S. Banks’ Vows to Halt Job Cuts End as Virus Endures

    Big U.S. Banks’ Vows to Halt Job Cuts End as Virus Endures

    Feb 26, 2021
  • Raymond James Executive: We’re Open to Flexible Work Arrangements for Advisors

    Raymond James Executive: We’re Open to Flexible Work Arrangements for Advisors

    Feb 25, 2021
  • Finra Bars Ex-Wells Broker Accused of Improperly Seeking Virus Relief Loan

    Finra Bars Ex-Wells Broker Accused of Improperly Seeking Virus Relief Loan

    Feb 12, 2021
  • RayJay Private Client Profit Dips 8%, Employee Channel Recruiting Slips

    RayJay Private Client Profit Dips 8%, Employee Channel Recruiting Slips

    Jan 28, 2021
  • Finra Scrutinizes Brokers Who Took PPP Loans for Potential Violations

    Finra Scrutinizes Brokers Who Took PPP Loans for Potential Violations

    Jan 25, 2021

NEWS

  • This Week’s Top 5: NBA Star’s Suit Against Morgan Stanley, RayJay Ups Recruiting Ante, and More

    This Week’s Top 5: NBA Star’s Suit Against Morgan Stanley, RayJay Ups Recruiting Ante, and More

    Feb 27, 2021
  • Merrill Loses $3-Mln Team to Rockefeller in CA, $2-Mln Group to Texas RIA

    Merrill Loses $3-Mln Team to Rockefeller in CA, $2-Mln Group to Texas RIA

    Feb 26, 2021
  • Finra Dings Ex-Morgan Stanley Broker in Los Angeles over Expense Lapse

    Finra Dings Ex-Morgan Stanley Broker in Los Angeles over Expense Lapse

    Feb 26, 2021
  • Focus Financial’s PE Backers Eye $323 Million Pay Day with Stock Sale

    Focus Financial’s PE Backers Eye $323 Million Pay Day with Stock Sale

    Feb 26, 2021
  • Big U.S. Banks’ Vows to Halt Job Cuts End as Virus Endures

    Big U.S. Banks’ Vows to Halt Job Cuts End as Virus Endures

    Feb 26, 2021

Recruiting Winners: 2020 Year in Review

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Timeless wisdom, actionable information you can use right now to make smarter investment decisions.
Made for and dedicated to those folks serious about their financial plan.
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Our webcast is dedicated to helping our viewers get real insights by avoiding the cognitive dissonance of today’s media outlets and biased editorial filters.

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