Cambridge Advisors Added to LPL’s Hit List
April 12 , 2018 By Diana Britton, WealthManagement.com Cambridge has been added to LPL’s list of rival firms where advisors are being offered up to 50 basis points on assets to come on board. LPL Financial is now aggressively targeting advisors at Cambridge Investment Research, offering those advisors the same recruitment deal as those at Cetera Financial, Securities America and Kestra Financial, according to a source familiar with the deal. WealthManagement.com first reported on Tuesday that LPL was offering Cetera, Securities America and Kestra advisors 50 basis points on assets to join its corporate registered investment advisors and 40 basis points on assets to join hybrid offices. “Recruiting efforts across the industry seem to be very competitive, but we find that Cambridge’s written plans, structure, and resolve to be independent is very appealing to...