Despite a trying year, the firm has said it will sweeten signing bonuses for veteran advisers.
They will have to decide if the signing package they are being offered by LPL makes sense. A lot is hanging in the balance.
The deal, part of which is based on the advisers and revenue that eventually will move from NPH, could potentially cost LPL $448 million.
The Financial Industry Regulatory Authority Inc. and FSC Securities last Thursday announced that the firm will pay a $100,000 fine and $492,000 to clients.
Industry executives have been chattering for at least a month about the blockbuster deal.
Broker-dealers report paying hefty start-up costs and additional ongoing expenses, and are cutting the number of mutual funds they offer.
CEO Scott E. Romine sent an email regarding the rumors to the 3,500 reps and advisers affiliated with the network's broker-dealers.
Second big independent broker-dealer acquisition in as many weeks.
As the comment-letter deadline for the Labor Department's fiduciary rule hits, industry organizations warn of orphaned accounts.
The private investigator Ed Butowsky hired to look into the murder of Seth Rich is now suing him and Fox News for defamation.
