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LPL Adds 500+ Advisors, Recruits $13B in Q3

LPL announced it saw $13 billion in recruited assets and added 513 advisors during the third quarter. So reports Wealth Management.

LPLThe recruited assets represents a 24% increase from Q3 last year. The increased headcount brings the total advisors to 19,627, which includes the 280 associate advisors from Waddell & Reed.

“During the quarter, we continued to drive solid recruiting results across each of our markets, including $10 billion in our traditional independent model and $2.5 billion in our new affiliation models,” CEO Dan Arnold said on an analyst call, according to Wealth Management. “Multiple channels contributing to our growth better positions us to drive higher levels of recruiting over time.”

Read the full article from Wealth Management.

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