LPL Financial - M&A Summary and Business Overview

Financial ServicesCompany

LPL Financial M&A Summary

LPL Financial has acquired 3 companies, including 3 in the last 5 years.

LPL Financial’s largest acquisition to date was in 2022, when it acquired Financial Resources Group Investment Services for $140M. LPL Financial has acquired in 3 different US states. The Company’s most targeted sectors include business services (67%) and financial services (34%).

LPL Financial Business Overview

Where is LPL Financial headquartered?

LPL Financial is headquartered in San Diego, California.

What is LPL Financial’s revenue?

LPL Financial disclosed revenue of 3,064M USD for 2022 and 2,350M USD for 2021.

How many employees does LPL Financial have?

LPL Financial has 5,900 employees.

What sector is LPL Financial in?

LPL Financial is a financial services company.

When was LPL Financial founded?

LPL Financial was founded in 1989.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

LPL Financial

LPL Financial Holdings Inc.

4707 Executive Drive,
San Diego, California 92121
United States,
(800) 877-7210
www.lpl.com

LPL Financial is the exclusive provider of investment advisory, marketing, administrative, distribution and information systems services to the largest independent financial advisor network in the United States. LPL Financial was founded in 1989 and is based in San Diego, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # - 1 - 2 - - 3
vol $140M $140M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Financial Resources Group Investment Services 2022-11-03 140M USD Add-on Acquisition
Fort Mill, South Carolina · www.financialresourcesgroup.net
Boenning & Scattergood, Inc. 2022-07-08 - Add-on Acquisition
West Conshohocken, Pennsylvania · www.boenninginc.com
Waddell & Reed Financial, Inc. - Wealth Management Business 2020-12-02 - Divestiture
Overland Park, Kansas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 2 (67%) 140M (100%) - -
Financial Services 1 (33%) - - -
Total 3 $140M - -

By Geo

State/Country Buy Value Sell Value
United States 3 140M - -
  South Carolina 1 140M - -
  Pennsylvania 1 - - -
  Kansas 1 - - -
Total 3 $140M - -

Top M&A Advisors

Financial Deals
Centerview Partners
 1
Legal Deals
Ropes & Gray
 1

Deal Values

buy # Total
$100M to $1B 1 $140M
TOTAL $140M
Largest Financial Resources Group Investment Services
$140M (2022-11-03)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Financial Services

Revenue

3,064   31% 2022
2,350   18% 2021
1,998   3% 2020
2,042   13% 2019
1,823   26% 2018
1,448   12% 2017
1,298   2016
(millions of USD) Show More Show Less

Employees

5,900

Established

1989

Public

NASDAQ: LPLA

Former Name

LPL Investment Holdings Inc.

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