RJ and Makay

Most in finance know that LPL has started the process with the SEC to go public. Brooke Southall did an article for RIABIZ titled 10 reasons why LPL Financial could pull off a hot IPO in a cold market. Brooke shares things to know about the LPL IPO and why it might succeed based on information in its S-1 filing with the Securities and Exchange Commission.

The article also shares concerns regarding LPL. She points out that the recruiting is different now showing that LPL recruited 490 brokers for the 12 months ended March 31, which was down 40% from the 630 advisors it nabbed for the previous 12 months. I personally believe LPL will end March 31, 2011 with fewer FAs recruited than they captured in 2010. I doubt that will have much of an impact for their IPO and even think LPL going public will increase their future recruiting success.