02.02.24

LPL Financial Continues To Steam Along in Recruiting

by: Bruce Kelly

LPL Financial reported last week that its total recruited assets in 2023 were $80 billion, compared to $82 billion the previous year. The firm is off to a good start in recruiting this year, according to senior executives who discussed fourth-quarter and full-year earnings on a conference call with analysts. “Our recruiting continues to be strong,” said Chief Financial Officer Matt Audette. “You may recall, in the first quarter last year, we set a new record in recruiting [without] large enterprises at around $13 billion. We’re on track to exceed that in the first quarter this year.”

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