Updated Wednesday, July 30, 2014 as of 11:22 PM ET
'We Are Not Happy': LPL Profit Falls 4.4%
Increased operating expenses and higher than anticipated regulatory costs and fines contributed to a 4.4% drop in second-quarter net income at LPL Financial.
"We are not happy with these results,"  LPL chairman and chief executive Mark Casady said in a conference call with Wall Street analysts who cover the financial services firm.   more »
More in Independent BDs
Entrepreneurial advisors are leaving the wirehouses and constructing new business models the industry hasn't seen. But before joining these trailblazers, other advisors should think about what it is they want to change. more »
After leaving LPL for NFP, Washington Wealth brings its breakaway advisor total to seven for the year thus far. more »
HighTower has expanded its West Coast market by picking up an independent team with $400 million in assets in Bellevue, Wash. more »
Record quarterly profits of $122.7 million were boosted in part by the performance of the regional firm's private client group. more »
Optimism abounds in an increasingly crowded market for servicing breakaway advisors. more »
Securities America will acquire assets of a Missouri-based full-service broker-dealer with 368 advisors and $2.4 billion in client assets. more »
Two financial advisors have left Wells Fargo to join Raymond James Financial Services, the regional's independent broker/dealer. more »
Despite their smaller size, these boutique IBDs outperform on several desirable metrics. more »
Founders of IHT Management hope to create a wirehouse-like alternative to lure other advisors. more »
Many independent advisors say they consider themselves fiduciaries, even if they aren’t legally obligated to adhere to that standard of care. So why are so many opposed to the DoL's expected proposal? more »
Dalton Strategic Investment Services, a smaller broker-dealer firm with almost $1 billion in client assets, has joined Securities America as a super-OSJ. more »
With the acquisition of broker-dealer McAdams Wright Ragen complete, Baird has grown to more than 800 advisors and $125 billion in assets. more »
Opponents argue that the long time horizon and heated controversy could convince the White House to back away from the retirement plan proposal. more »
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