The brokerage’s head count dropped a slight 1%, primarily due to Steward Partners moving out of its b/d; the RIA continues to custody assets with Raymond James.
The percentage of advisors 'at risk' of leaving their firms is up from last year, and J.D. Power says firms need more advisors who will actively promote or recommend their brand to colleagues.
As we see the commoditization of custody, what other services are custodians providing to RIAs? Steve Earner, head of LPL Financial’s RIA platform, addresses the topic.
LPL onboarded $11 billion of CUNA's client assets on May 21, with the remaining $21 billion expected over the next several months. It is one of LPL's largest clients.
