LPL Raises (Again)
from AdvisorTrends - The 3xEquity Podcast Hosted by 3xEquity
As reported this week by AdvisorHub, LPL is keeping their foot on the gas pedal when it comes to transition deals, raising “… bonuses to as much as 100 basis points on assets under management for brokers who generate at least 70% of their revenue from recurring fees in advisory accounts, according to recruiters who were briefed on the deals in the last two weeks. The bonus also includes a deferred element for brokers who transfer more assets than expected, which makes it more lucrative than a current offer of around 70 to 80 basis points, recruiters said. The new offer, which headhunters said will be open to candidates who join this year, is being marketed to advisors from some of LPL’s largest rivals, including Ameriprise Financial and Advisor Group,” There is no doubt 2023 is off to a hot start when it comes to transitions and LPL, who has topped the recruiting charts for the past 4 years in a row is showing no signs of slowing in the race for top talent. At 3xEquity we encourage advisors even mildly curious about moving to secure an offer from LPL (and 1 or 2 others to compare). We do this for you all while you remain 100% anonymous – meaning no risk to you/your current relationships. Knowing what’s on the table can be a strong motivator – especially when there is no downside to getting a customized offer. Get started right now by scheduling a quick, free consultation or by submitting practice details here.
Embed this episode
No transcript yet.