LPL, a recruiting powerhouse, reported a year-over-year gain of 819 financial advisers at the end of September
CEO Reilly also cites potential for strong recruiting gains in future quarters given pent-up demand among some wirehouse advisers
Christopher W. Burns allegedly defrauded hundreds of thousands of dollars from clients, according to the agency
Despite rumors of a takeover, the firm is back to growing its adviser roster
Broker-dealers have been competing to lower fees in order to reduce potential conflicts of interest
The announcement follows recent executive and senior-level departures, including former TD Ameritrade president Tom Nally
"This is a loss of thousands of dollars," one adviser says
The departure of Kevin Miller, formerly executive vice president, adds to a growing list of high-level employees to leave the firm in recent months
The wirehouse reports a net increase of 70 advisers during the summer, despite COVID-19
The bank reported a year-over-year decline of 815 advisers, according to its earnings report released Wednesday morning
