M&A Deal Summary

LPL Financial Acquires Investment Center

On September 4, 2024, LPL Financial acquired financial services company Investment Center

Acquisition Highlights
  • This is LPL Financial’s 4th transaction in the Financial Services sector.
  • This is LPL Financial’s 6th transaction in the United States.
  • This is LPL Financial’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-09-04
Target Investment Center
Sector Financial Services
Buyer(s) LPL Financial
Deal Type Add-on Acquisition
Advisor(s) Berkshire Global Advisors LLC (Financial)
Seward & Kissel (Legal)

Target

Investment Center

Bedminster, New Jersey, United States
Investment Center is a full-service independent broker-dealer and investment advisory firm. Investment Center provide a range of financial services, including investment management, retirement planning, estate planning, and insurance services. Investment Center is based in Bedminster, New Jersey.

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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 6 of 7
Sector (Financial Services) 4 of 5
Type (Add-on Acquisition) 5 of 6
State (New Jersey) 1 of 1
Country (United States) 6 of 7
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Englert Financial

Springfield, Virginia, United States

Englert Financial offers a range of services including tax preparation and financial planning. Englert Financial is based in Springfield, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Atria Wealth Solutions

New York, New York, United States

Atria Wealth Solutions is a modern wealth management solutions holding company designed specifically for advisors and their clients. Atria’s core mission is to empower its subsidiaries’ financial advisors with a next generation set of tools, services and capabilities that support their growth and enable them to prosper in a digitally connected and constantly evolving financial environment. Atria Wealth Solutions is based in New York City.

Buy -
Mergr

Product

Company

Legal