The company benefited from lower transaction costs and the access it gave customers to advice, it told analysts.
Broker-dealer reps complain that a proposed rule would make it harder to strike customer complaints from their records.
LPL says it's getting 62 percent of the advisors and 70 percent of the acquired firm's production.
The fluid dynamics of the broker-dealer industry offered another great year to poach other people’s reps.
The firm continued to see a shift to fee-based assets, which hit a record $88 billion at year's end.
They may weigh in on whether protocol protections for advisors should be maintained, said RJ’s CEO.
Results include the addition of Scottrade, which TD acquired in September.
The number of its U.S. financial advisors dropped last year as well as its assets.
Finra says it will now disclose how much it collects in fines and what it does with the money.
Analysts wonder if the firms’ wealth management units can achieve even higher profit margins.
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