Almost 11,200 Advisors Switched Firms Last Year [Yahoo! Finance]
LPL Financial Holdings Inc. (LPLA)
Last lpl financial holdings inc. earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
Look who's got some personal news. Nearly 11,200 experienced advisors (those with more than three years in the business) switched firms in 2025, a jump of more than 16% from the previous year, according to a Diamond Consultants report . That's well above the 2022–2024 average, when roughly 9,400 advisors switched firms annually. Several factors fueled the spike in transitions, notably LPL Financial's buyout of Commonwealth, which naturally drove attrition. Independent firms also sweetened transition deals with sign-on bonuses, partnership opportunities and other incentives, encouraging further movement. But, the big winners were the advisors themselves, enjoying unprecedented choice in where to take their practices. “Big advisors went to wirehouses, regional firms, boutique firms, independent broker-dealers, started RIAs and sold their businesses,” said Jason Diamond, President of Diamond Consultants. “It's all of these flavors.” Sign up for The Daily Upside at no cost for pr
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News
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LPLA
Earnings
- 1/29/26 - Beat
LPLA
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/26/26 - Form 4
- 3/26/26 - Form 4
- LPLA's page on the SEC website