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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> affiliation fee

LPL raising fees on its affiliated brokers

Posted by RJ and Makay on Nov 14, 2011

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FeesLPL Financial is raising fees on its brokers next year.  A hike in three categories of fees will require most reps to pay $1,050 more next year to the independent broker-dealer.  Last month, the company informed its 12,799 brokers that it was increasing 2012 fees, including errors-and-omissions (E&O) insurance.  The fee increases could total $13.4 million in extra 2012 revenue for the firm.