Advisor Channels

Those working for the remnants of Smith Barney will no longer be protected under the recruitment truce.

The move allows Winthrop Wealth Management, which still custodies with LPL, to get its new practice acquisition platform up and running.

Through the acquisition, Wealth Enhancement Group, which uses LPL for its brokerage business, helps the independent broker/dealer to retain another NPH team.

Non-protocol transitions are far from impossible, but do require a tighter planning schedule and a budgetary process.

Revenue in the Canadian bank’s U.S. brokerage business was up 17 percent this year.

There’s plenty of opportunity, argued a panel of acquiring RIAs at Schwab IMPACT. But unrealistic expectations on the part of buyers and sellers mean there is far more “frog kissing” than actual matches.

Changes haven’t been made since 2009.

The slowdown was primarily driven by a decrease in breakaways, which tend to be event-driven.