The $13 billion breakaway, formerly a giant branch with Raymond James, is allowing clients the options to custody assets with Charles Schwab & Co. as well.
In a break with tradition, the firm is introducing next year's pay plan for its 12,000 advisers earlier this year.
The company intends to rebrand itself as Avantax, which is the name of its wealth management group.
While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.
Commission revenue for fixed-income investments and annuities increased in the third quarter at LPL.
The firm reported 8,681 financial advisers at the end of September, an increase of 199 compared to the same time last year.
The company continued to increase revenue per adviser despite the headwinds of the currently stormy stock market.
The bank added that it had a 'strong quarter' in financial adviser recruitment in the Americas but gave no details in its earnings information.
The high profitability seen last year proved especially rewarding to the owners and partners of top firms.
Raymond James Financial Services overlooked 'multiple red flags' related to the activities of two brokers, according to Finra.
