William Morrissey, a 10-year company vet responsible for recruiting new advisers and their practices, was appointed head of LPL Financial's Independent Advisor Services unit, replacing Derek Bruton.
Derek Bruton, in charge of the 13,600 reps and advisers at LPL Financial, has suddenly resigned. In an SEC filing, the company cited "concerns about Mr. Bruton's interactions with other employees."
Former LPL executive says taking time off to recharge.
John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'
LPL Financial has suffered a recruiting slowdown in the first quarter and puts part of the blame on an unusual factor — this winter's rough weather.
Last year's roaring stock market helped IBD bellwether LPL Financial post record results. The company expects commission revenue from sales of alternative investments such as nontraded REITs to dip from the elevated levels of 2013 but remain solid.
Shares of LPL Financial rallied more than 60% last year and is bucking the broad market trend so far in 2014. At least one analyst has a $60 target. Is that realistic?
UPDATE: Stock futures higher ahead of ADP, Fed speeches
To benefit an animal-rescue charity effort that LPL is undertaking, LPL's usually clean-cut CEO Mark Casady is growing a beard. This week, he posted a Photoshopped “Duck Dynasty”-style beard on Twitter.
UPDATE: U.S. stocks sell off; Nasdaq drop worst in 2 months