NasdaqGS:LPLACapital Markets
LPL Financial Expands Advisor Scale With Mariner Deal And Growth Ambitions
LPL Financial Holdings (NasdaqGS:LPLA) and Private Advisor Group are acquiring Mariner Advisor Network.
The deal adds 367 advisors and about $31 billion in assets to their combined platforms.
The transaction is described as Private Advisor Group's largest deal so far and a major expansion for LPL's advisor network.
LPL Financial Holdings, which closed at $331.41, is using this transaction to expand its independent advisor footprint and asset base. For context, the stock is up 6.6% over the...