LPL Financial is buying The Investment Center, an independent broker-dealer and registered investment advisor firm that has 240 advisors and approximately $9 billion in brokerage and advisory assets. The acquisition is part of LPL Financial's strategic move to strengthen its independent advisor network and expand its market presence.
Independent brokerage giant LPL Financial has struck a deal to acquire The Investment Center, a hybrid broker-dealer and RIA based in Bedminster, New Jersey. The acquisition will bring in 240 financial advisors and significantly increase LPL Financial's assets under management.
LPL Financial says it has struck a deal to buy The Investment Center, a broker-dealer and RIA in Bedminster, New Jersey. This acquisition will further solidify LPL Financial's position as a leader in the financial advisory market and enhance its capabilities to serve clients.
LPL Financial LLC (NASDAQ: LPLA) (“LPL Financial” or “LPL”) today announced that the firm has entered into a definitive agreement to acquire The Investment Center. This strategic move is aimed at expanding LPL Financial's reach and enhancing its offerings to clients.
LPL Financial is acquiring The Investment Center, an N.J.-based firm with about $9 billion in brokerage and advisory assets, the independent advisory firm announced. This acquisition is expected to create synergies and drive growth for both companies.
BEDMINSTER, N.J. - LPL Financial LLC (NASDAQ:LPLA), a leader in the financial advisory market, has announced a definitive agreement to acquire The Investment Center. This acquisition is a testament to LPL Financial's commitment to growth and innovation in the industry.
LPL Financial to acquire The Investment Center, adding 240 advisors and $9B in assets. Deal strengthens LPL's independent advisor network and expands its market presence.
The definitive agreement to acquire The Investment Center, based in New Jersey, will add 240 financial advisors into LPL's network. This strategic move is expected to create value for both companies and enhance their competitive position in the market.
LPL Financial announced that the firm has entered into a definitive agreement to acquire The Investment Center, a broker-dealer and RIA. This acquisition will bring in new talent and expertise to LPL Financial, further solidifying its position in the industry.
