A happy coincidence: one of LPL Financial’s corporate campuses happens to be based in Rep.-elect Wes Climer’s new district.
The change in senior personnel occurs days after LPL Financial tapped a new head of recruiting.
The advisor, Gregory W. Ricker, started his career in the securities industry in 1995.
Meanwhile, UBS and Raymond James talk recruiting.
Interval funds and other semi-liquid or illiquid products are typically two to three times more expensive than plain vanilla stock or bond mutual funds or exchange-traded funds.
Regardless, major industry players are introducing retention bonuses as a way to keep advisors in their seats.
Looks like the LPL doubters were right all along.
The regulator has been trying to reach imprisoned advisor Jason Foley.
William Tunink, an industry veteran, was indicted for running a Ponzi scheme this month in Des Moines.
The competition to hang onto advisors is intense, and retention bonuses for advisors are increasingly part of their pay packages.
