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.
"LPL's salespeople are all over the place," said one senior industry executive.
The firm’s CFO, head of recruiting, and head of advisor relations have followed its CEO out the door.
This dispute centered on a group of Stifel Financial advisors who left the firm two years ago to an RIA.
