M&A Deal Summary

LPL Financial Acquires Financial Resources Group Investment Services

On November 3, 2022, LPL Financial acquired business services company Financial Resources Group Investment Services for 140M USD

Acquisition Highlights
  • This is LPL Financial’s 2nd transaction in the Business Services sector.
  • This is LPL Financial’s largest (disclosed) transaction.
  • This is LPL Financial’s 3rd transaction in the United States.
  • This is LPL Financial’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-11-03
Target Financial Resources Group Investment Services
Sector Business Services
Buyer(s) LPL Financial
Deal Type Add-on Acquisition
Deal Value 140M USD

Target

Financial Resources Group Investment Services

Fort Mill, South Carolina, United States
Financial Resources Group Investment Services provides a personal, customized experience in business consulting, marketing, technology, and other services. Financial Resources Group Investment Services is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

LPL Financial

San Diego, California, United States
Category Company
Founded 1989
Sector Financial Services
Employees8,724
Revenue 10.1B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 7
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 6
State (South Carolina) 1 of 1
Country (United States) 3 of 7
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 Boenning & Scattergood

West Conshohocken, Pennsylvania, United States

Boenning & Scattergood is a broker/dealer and registered investment adviser that provides individual investors, corporate and municipal clients, and institutions a full complement of financial services, including brokerage, wealth management, equity research, equity and fixed income sales and trading, investment banking, public finance, equity options strategy, and asset management. Boenning & Scattergood was founded in 1914 and is based in West Conshohocken, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 Crown Capital Securities

Orange, California, United States

Crown Capital Securities is a full-service broker-dealer and registered investment advisor. Crown Capital Securities is based in Orange, California.

Buy -
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