Following the announcement of its acquisition deal with independent broker-dealer Atria Wealth Solutions, LPL Financial is preparing retention bonuses for approximately 2,400 Atria advisors.

According to AdvisorHub, LPL executives emphasized the customized nature of the bonuses, tailored to individual advisors rather than set at a flat rate based on production. However, specific details regarding the size of the offers were not disclosed.

LPL will determine the retention bonuses using pre-set calculations based on Atria's data on each broker's estimated number of "attainable assets." Executives assured recruiters that offers would be extended promptly, with calculations already completed for all advisors.

As reported by AdvisorHub, the urgency to issue retention offers stems from Atria's susceptibility to defections due to its relatively rapid consolidation of firms. LPL's public presentation of the deal outlined integration costs of up to $350 million but projected substantial earnings growth of around $140 million annually post-transition.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.