LPL Reshuffles Executive Team
LPL CEO Mark Casady says the moves, and the launch of a new unit, are intended to capture “dynamic growth opportunities.”
LPL Restructures Debt, Will Start Paying Dividends
CFO Robert Moore says restructuring reflects strength of balance sheet and will provide ‘financial flexibility’ but doesn’t ‘signal we are now in acquisition mode.’
New Hire Roundup: Bowen Is Acting Chair at SIPC; Pologe Goes to Genworth
This week in new hires, Genworth welcomed David Pologe and David Ford joined Securities America.
LPL Financial Names Joan Khoury Chief Marketing Officer
Former Merrill, Wachovia, BONY marketing veteran to head up largest independent broker-dealer’s marketing efforts.
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.
LPL Financial to Acquire Alternative Investment Firm Fortigent
Fortigent will continue to operate autonomously from its Rockville, Md., headquarters and its existing management team will remain in place, reporting directly to Robert Moore, LPL Financial's CFO.
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
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.
LPL's Casady, Moore Relay Strategy on Recruiting, Revenue, RIA Custody Growth
During LPL Financial’s first Q4 earnings conference call for analysts on Tuesday, CEO Mark Casady reiterated the company’s plans to add an average of 400 new representatives a year to its advisor ranks, which at year-end totaled 12,444.