NasdaqGS:LPLACapital Markets
LPL Weighs Commonwealth Attrition Against New US$2b Advisor Win
LPL Financial Holdings (NasdaqGS:LPLA) is seeing advisor turnover following its acquisition of Commonwealth Financial Network, with about 22.5% of Commonwealth advisors choosing to depart instead of joining the firm.
At the same time, LPL has attracted a major advisory duo from Fifth Third Private Bank, overseeing US$2b in client assets and launching Moto Wealth Partners on the LPL platform.
LPL Financial sits at the center of the independent advice market, providing brokerage, advisory,...