LPL Nabs MarketCounsel Exec, Cadaret Grant Team

"The industry is in a period of consolidation and acquisitions, and that can leave planners with a degree of uncertainty. We decided LPL was the best fit for our business, in part for its size and scale," Spicer said in a statement.

Commonwealth Grabs LPL Team

Meanwhile, Commonwealth Financial Network says it recruited a team with $325 million in assets away from LPL in Oak Brook, Illinois: Daley Financial Partners, which includes Ursula Daley, Jordan Lewis and their team.

"In every interaction, we strive to empower our clients with knowledge and confidence, and we are so pleased to join the Commonwealth community of individuals who share those same fundamental objectives," Daley said in a statement.

Daley has been in the business for 16 years, all of which she spent with LPL. Jordan has three years of industry experience.

"This powerful team of women has built a client base that they can relate to — much like how we selectively affiliate with advisors who align with our values," according to Andrew Daniels, managing principal of business development for Commonwealth.