Recruitment & Staffing
|No. of reps||—||—||401|
|No. of producing reps||—||—||355|
|No. of reps producing $100K-$499K /year||—||—||184|
|Total revenues: Other||—||$9,619,000||$10,578,000|
|Total account assets||—||$15,911,930,000||$14,612,044,000|
|Total account assets: Other||—||$11,801,115,000||$11,232,135,000|
|Average assets per rep||—||$39,680,623||$36,168,426|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||N|
|Primary purpose of mobile application||—|
February 26, 2018 - LPL Financial said Monday it had wrapped up its acquisition of advisers from National Planning Holdings, but declined to say whether it had reached its goal of moving over 70% of the revenue generated by the network's advisers. Last August, LPL announced...
November 8, 2017 - A number of large teams in the National Planning Holdings adviser network have moved to rivals, but LPL Financial assured investors that in the initial phase of moving advisers from two of NPH's broker-dealers, it is on track to transfer 70% of adviser...
October 23, 2017 - Three key rivals of LPL Financial are scooping up advisers affiliated with the National Planning Holdings broker-dealers who annually generate $100 million in fees and revenues, known as gross dealer concession or GDC in the industry, according to industry...
October 19, 2017 - Trilogy Financial, with over $2 billion in client assets one of the largest financial planning firms affiliated with National Planning Corp., said on Thursday afternoon it was joining LPL Financial. LPL in mid-August said it acquired the assets of National...
October 7, 2017 - DAN ARNOLD, THE NEW CEO of LPL Financial Holdings Inc., is making bold moves to increase profitability at the nation's largest independent broker-dealer, and while he's pleasing Wall Street, some LPL affiliates and advisers are questioning how they fit...
August 16, 2017 - LPL Financial's deal to acquire the National Planning Holdings Inc. broker-dealer network was embraced by Wall Street on Wednesday, but the 3,200 NPH registered reps and advisers who manage $120 billion in client assets must evaluate the deal on their...
August 15, 2017 - After weeks of speculation, LPL Financial said on Tuesday it had completed the purchase of National Planning Holdings Inc., an independent broker-dealer network with 3,200 advisers. The deal is structured as an asset purchase with an initial price of...
August 10, 2017 - If LPL Financial Holdings Inc. acquires the four broker-dealers in the National Planning Holdings' network, the largest independent contractor broker-dealer could see earnings growth next year of 20%, according to Steven Chubak, an analyst at Nomura Securities....
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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