07.31.26
LPL Touts Progress in Refocusing on Recruiting
by: Miriam Rozen
LPL Financial reported a rebound in advisor recruiting during the second quarter, adding $25 billion in recruited assets, a 35% increase from a year earlier and its strongest recruiting performance in nearly two years outside of large institutional wins. CEO Rich Steinmeier said the results support stronger organic growth in the second half of the year, though the firm aims to improve recruitment from wirehouses and regional firms. The firm plans advisory pricing reductions, as second-quarter revenue, client assets, advisor headcount and net income all posted strong year-over-year growth.
Read More on AdvisorHub