LPL Financial Holdings Inc. released its second-quarter results, revealing a sequential increase of 421 advisors and a year-over-year rise of 1,071 advisors, bringing the total advisor count to 21,942.

Dan Arnold, president and chief executive officer, shared that over the past quarter, the firm remained focused on taking care of its advisors so they could care for their clients. Arnold believes this focus led to another quarter of solid recruiting, retention, and business growth. LPL now supports approximately 22,000 financial advisors, 1,100 institution-based investment programs, and 500 independent RIA firms nationwide. According to DI Wire, LPL also acquired Crown Capital Securities, L.P., a wealth management firm with 260 advisors who collectively serve $6.5 billion of brokerage and advisory assets.

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