LPL payout inches up as revenue per adviser dips
'Tis the season? LPL points to 'seasonality' to explain the slight bump in the rate of adviser pay in Q2.
LPL Financial's army of financial advisers saw their payouts increase almost 1% in the second quarter as a result of what the company refers to as "seasonality," or advisers' hitting higher revenue targets or tiers as the year progresses.
Those payouts — the percentage per dollar of revenue a
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