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Re: Dreamchaser007 post# 1489

Monday, 07/31/2017 9:01:56 PM

Monday, July 31, 2017 9:01:56 PM

Post# of 1942
LPL Financial benefits from flight of Wells Fargo advisers

Independent broker-dealer signs up 15 teams from the bank's wirehouse in the second quarter

Jul 31, 2017 @ 2:20 pm
By Bruce Kelly

As Wells Fargo & Co. deals with yet more scandals that are hurting its reputation, LPL Financial has been welcoming its brokers looking for a fresh start.

LPL, the nation's largest independent broker-dealer, reported Monday that 15 or the 72 teams of brokers it had signed up in the second quarter — or 21% — had come from Wells Fargo Advisors, the bank's wirehouse channel.

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