LPL Financial Acquires Private Client Group Business of Boenning & Scattergood

LPL Financial Acquires Minority Stake in Private Advisor Group

November 20, 2025

Wealth Management

LPL Financial Holdings Inc. has acquired a minority ownership stake in Private Advisor Group, the Morristown, New Jersey–based RIA with $41.3 billion in AUM. Republic Capital Group served as the investment banking advisor to Private Advisor Group. The investment joins LPL with existing minority owner Merchant Investment Management and six legacy shareholders to deepen strategic ties and expand programs, technology, and operational support for advisors.

LPL Financial Acquires Crown Capital Securities' Wealth Management Business

May 8, 2024

Wealth Management

LPL Financial has closed its acquisition of the wealth management business of Crown Capital Securities, L.P., a full-service broker-dealer and registered investment advisor based in Orange County, California. Approximately 125 advisors representing about $1.3 billion of brokerage and advisory assets have been onboarded to LPL as of May 8, 2024, with roughly $3.7 billion expected to transfer in the coming months.

LPL Financial Acquires Commonwealth Financial Network

August 1, 2025

Financial Services

LPL Financial Holdings Inc., together with its subsidiaries, has completed the acquisition of Commonwealth Financial Network, a wealth management firm that supports roughly 3,000 advisors and manages about $305 billion in assets. Commonwealth will operate as a wholly owned portfolio company while its advisors are onboarded to LPL's platform, and Commonwealth's CEO Wayne Bloom will continue to lead the business within LPL.

LPL Financial Acquires The Investment Center, Inc.

September 4, 2024

Financial Services

LPL Financial has entered into a definitive agreement to acquire The Investment Center, Inc., a Bedminster, New Jersey-based broker-dealer and registered investment adviser that supports approximately 240 advisors and services about $9 billion of brokerage and advisory assets. The Investment Center will be converted onto LPL's platform; the transaction is expected to close and convert in the first half of 2025, subject to regulatory approvals and customary closing conditions.

LPL Financial Acquires Financial Resources Group Investment Services

November 3, 2022

Financial Services

LPL Financial Holdings Inc. entered into a definitive agreement to acquire Financial Resources Group Investment Services (FRGIS) in an equity purchase that included $140 million paid at closing plus additional earn-outs. FRGIS — a Fort Mill, South Carolina-based advisor and financial institution support business serving roughly $40 billion in assets across ~800 advisors and 85 financial institutions — will continue to operate independently and retain its brand and leadership following the transaction.

Reynolds, Bone & Griesbeck PLC Acquires Scott and Pohlman, P.C.

November 1, 2024

Accounting & Tax

Reynolds, Bone & Griesbeck PLC (RBG) has acquired Scott and Pohlman, P.C., with the transaction effective November 1, 2024. The acquisition brings S&P's team into RBG to strengthen RBG's tax, Client Advisory and Accounting Services (CAAS) capabilities and expand its talent pool to better serve businesses and individuals.