LPL ‘Baggage’ May Block Search for Buyer: Nomura Securities
LPL is reportedly looking at a potential sale or other financial arrangements, but analysts say finding a buyer could be a problem.
Indie Advisors, Firms Create $48B in Economic Output: FSI Study
The advisors and their work also generate some 482,000 jobs, according to the Financial Services Institute.
Securities America Buys $2B Advisor Group, Wraps Up 9th Deal
The IBD is adding some 67 advisors who produce $11 million in yearly revenue near Rochester, New York.
LPL Beats Q3 Estimates, Plans $500M Buyback
Profits improve, but revenue weakens for the group, which plans to be "more efficient," says CEO Casady
Indie HD Vest Bought by Blucora, Maker of TaxACT, for $580M
The online tax prep firm, formerly known as InfoSpace, hopes to boost business by aligning with the accountant-heavy independent BD, which has about 4,500 reps.
Marcato Capital Takes 6.3% Stake in LPL
The hedge fund, known for its activist approach, thinks LPL's shares are undervalued.
LPL Grabs Wells Fargo Advisors’ Tech Chief
Anthony Perkins is tapped to be the IBD's head of technology product development.
Cetera, LPL, Ladenburg Losing Appetite for M&A, Their Execs Say
After long acquisition sprees in recent years, execs from Ladenburg, LPL and Cetera express little interest in more BD deals at FSI OneVoice.
LPL Q3 Earnings Meet Lowered Estimates as Profits Fall 12%
Average production per advisor drops from Q2, but assets tied to RIA relationships strengthen.
Top 25 Indie BDs by Annual Revenue
All 58 presidents in Investment Advisor's 2014 BD Reference Guide poll said they believed in the viability of the IBD model.