LPL Unit Buys Veritat, Aims to Bring Financial Planning to Masses
In a rare combination of brains and brawn, LPL’s NestWise has acquired Veritat Advisors, the brainchild of Wharton professor Kent Smetters, aiming to extend its reach to 32 million households.
New Hire Roundup: Comfort Joins LPL; Clark Moves Up at Clark Capital
This week in new hires, Robert Comfort went to LPL Financial, Brendan Clark was named president of Clark Capital Management and Ken Paieski joined UAT.
LPL Names Sallie Larsen Chief Human Capital Officer
Former Fed Home Loan Bank HR executive becomes member of LPL’s executive committee.
5 Best & Worst Broker-Dealers: Q4 Earnings
Brokerage firms in the fourth quarter boosted earnings growth as high as 191% and reported declines as low as 131%–AdvisorOne selected 10 to spotlight.
LPL’s Moore Says BD Is a ‘Positive Attractor’ for Advisors: Q4 Earnings
Robert Moore, CFO of the largest IBD, tells AdvisorOne flat Q4 is due to market volatility.
Q4 Earnings: LPL Boosts Results, but Misses Estimates
The independent broker-dealer ends the year with nearly 12,850 advisors, a jump over 3% from the year-ago period, and strong growth in its RIA custodial assets.
5 Best & Worst Broker-Dealers: Q3 Earnings
Brokerage firms in the third quarter boosted earnings growth as high as nearly 2,200% and reported declines as low as 120% — AdvisorOne selected a lucky 10 to spotlight.
LPL Increases Profits, Revenue in Q3; 782 Net New Reps in 2011
Parent company of largest independent broker-dealer adds $3 billion in net new advisory assets in third quarter; nearly doubles assets in RIA custody unit, to $20 billion
5 Best & Worst Broker-Dealers: Q2 Earnings
Brokerage firms in the second quarter boosted earnings growth as high as 470% and reported declines as low as 383% — AdvisorOne selected a lucky 10 for scrutiny.
Q2 Earnings: LPL Financial Net Revenue Rises 13.1%
LPL Investment Holdings Inc., parent company of LPL Financial, reported second quarter net income Wednesday of $45.5 million, or $0.40 per diluted share, up $37.5 million compared to second quarter 2010 net income of $8 million, or $0.08 per diluted share.