The move, in line with other price reductions at the broker-dealer, could help LPL attract advisers.
She claims LPL informed her previous broker-dealer prematurely that she was leaving the firm.
He says the proposal is more appropriate than the DOL fiduciary rule.
A perennial member of Barron's list of top financial advisers, his team managed nearly $3 billion in client assets
The wirehouse reduced recruitment loans 20% and increased bonus loans 68% in the first quarter.
With revenue up, interest rates rising and regulation easing, IBDs are soaring.
Rewarding brokers who sign up new high-net-worth households — and penalizing those who don't — is working, according to the firm.
Sanford C. Bernstein & Co. analyst Christian Bolu, concerned over stalled adviser growth and what it means for lending and deposit growth, believes the stock will "under perform."
In the latest quarter, the broker-dealer suffered a net loss of 145 brokers.
Firm had filed a lawsuit against Ryan C. May, alleging he was soliciting old clients in violation of his employment agreement.
