LPL and Raymond James lead in recruiting as M&A deals and new appointments show coronavirus impact

April 28, 2020 by Tobia Salinger

LPL Financial and Raymond James Financial Services have galloped ahead of their recruiting rivals, but the coronavirus is casting uncertainty on moves across the entire industry.

Independent broker-dealers have unveiled around 50 recruiting moves so far in 2020, according to Financial Planning’s analysis of press releases issued by the firms. None of the moves occurred in April, though, according to FINRA BrokerCheck records. In another sign of the pandemic’s economic impact, Blucora’s pending RIA acquisition has a new, much lower price.

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Originally Posted at Financial Planning on 2020 by Tobia Salinger.