Farhad Firoozi is the latest in a long line of senior executives Wells Fargo Advisors has hired from rivals.
But LPL's message to Commonwealth advisors is focused on retaining its culture, not an easy thing to do.
'I’m taking a moment to pause and reflect,' one Commonwealth advisor tells IN.
Chatter about LPL, a behemoth, buying Commonwealth Financial Network, a boutique, has been building all week.
'If I were on the side of Alpine Securities, I’d put all my eggs in the federal court,' one attorney said.
But one industry executive believes his pay could catch up over time.
The financial advice industry has waited for years to see if the wirehouse would embrace RIAs.
The market for municipal bonds is notorious for being opaque and filled with difficult to price securities.
Cash sweep programs have turned into a bit of a viper’s nest for the financial advice industry, particularly large broker-dealers.
Toward the end of last year, UBS said it was redrawing its pay plan for advisors.
