Advisers bringing in enough accounts will be rewarded, those falling short will see compensation cut.
The independent broker-dealer is increasing reimbursement fees for advisers using its strategic asset management platform, or SAM.
Some reps, including those already thinking of leaving, say the firm only cares about the bottom line.
Two of the three Finra arbitrators split their decisions in the case of James E. 'Jeb' Bashaw, a one-time star at LPL who was fired in 2014.
Brokers moving to a new firm would be forbidden for 12 months from contacting clients once they left.
Settlement claimed firm let brokers sell excessive amounts of alternative investments as a percentage of their clients' total portfolios.
The company said the DOL rule has created uncertainty on the part of advisers.
How do firms and brokers or executives continue to make the same sorts of mistakes while Finra and the SEC consistently miss the transgression?
Securities America, Cambridge and Commonwealth are winning advisers, but LPL may still retain 50% to 75% of NPH revenue
Platform allows advisers to value their businesses and search for practices to buy using a variety of filters.
