More Indie Brokers Bulk Up On Recruiters

Inspired by the tremendous growth of Linsco/Private Ledger Corp. and its ability to recruit brokers and advisers, a number of independent-contractor broker-dealers are following the industry pacesetter's recruiting model by building staff in order to snag brokers.

Linsco's affiliated sales force has soared, reaching 6,454 registered brokers and advisers at the end of last year, up from 4,700 in 2003 - an increase of 37%.

More Indie Brokers Bulk Up On Recruiters
Source: Investment News (subscription required)
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