Financial Advisors
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They're kind of admitting that by offering to waive tech and other fees for a time.

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It’s a very desperate offer. Makes zero financial sense unless they crank up the heat (fees) down the road. They were humiliated by only bringing on board 40% of NPH producers. Trying to win some positive press.

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Does this mean that 25-50m at the corporate LpL are paying 95%?

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LPL recruiter called me to offer 50bps on transferred assets ($500k - 5 year forgivable loan on $100mm book), flat 93% payout, waived fees for a time. I'm sure that'll tempt quite a few people.

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What does this mean? Do they pay you 100% on these? Meanwhile, in July LPL expects to add a mutual fund no-transaction-fee network to its strategic wealth management platform. It will offer a share class of mutual funds from selected fund sponsors. Several fund managers are finalizing agreements, including: AB Funds, Columbia Threadneedle,

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So 5k per million? 250k to come over?

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Be careful with LPL. They brag about the highest payout. But if you add in all the fees (tech and such) they are on par (or lower) than others.

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Multiply your assets that would move with you by .005 $50mm book pays $250k.

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Not to mention the Press of Ron Carson who left then basically blew up any deal Centera had in selling to LPL by saying he would leave if they sold.

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