transaction fees
LPL raising fees on its affiliated brokersPosted by RJ and Makay on Nov 14, 2011 |
>> Read More RJ & Makay Blog Posts
LPL 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.
5.4 million U.S. workers will get prepaid payroll cards from their employers by 2014, which doubles the number of today’s employees that are compensated in this manner, according to market research firm Aite Group.
