Recruiting flurry at LPL eases up — for now
The number of net new reps and advisers at the B-D declined considerably during the first quarter. Still, the company's CFO says the swing to independent advice is a 'longer-term trend'
After a year of record-setting recruiting, LPL Investment Holdings reported today that the pace of bringing in new advisers has decreased substantially in 2010.
For the twelve months ending on March 31, LPL added 450 net new reps and advisers, the company said in its quarterly earnings report toda
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