LPL has announced that it will offer recruits who join before the end of the year up to 75 basis points on the assets that they expect to transfer from their old firm. The recruits can earn an additional 50 basis points on assets added in the first six months beyond the amount the firm had anticipated to transfer. 

According to industry recruiters, LPL's offer is the highest in the independent channel. Recruiters shared that the maximum range of the bonus is aimed at advisors who have at least 70 percent of their revenue coming from recurring advisory fees rather than transactional revenue.

The offer is structured with a seven-year forgivable note. The deal also has a cap of 100 percent of trailing-12 month revenue. Advisors must affiliate with LPL's core independent business and corporate RIA.

Finally, LPL has sweetened its payment to headhunters. LPL will offer recruiters an additional 300 basis points of pay for candidates who join its Strategic Wealth Services, Linsco, and RIA custody unit.

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