LPL Financial Onboards Advisor Michael Carmichael (Carmichael Financial)
March 7, 2025
LPL Financial announced that financial advisor Michael Carmichael, founder of Carmichael Financial, has joined LPL’s broker‑dealer, RIA and custodial platforms, bringing approximately $190 million in advisory, brokerage and retirement plan assets. Carmichael joins LPL from Osaic to access LPL’s technology, resources and M&A support as he grows his multi‑office practice operating in Tucson, Arizona; Englishtown, New Jersey; and Logan, Utah.
- Buyers
- LPL Financial
- Targets
- Carmichael Financial
- Sellers
- Osaic
- Industry
- Financial Services
- Location
- Utah, United States
- Transaction Type
- Divestiture
Explore More
Related Acquisitions
-
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.
-
Mercer Advisors Acquires Rowland Carmichael Advisors
December 31, 2020
Financial Services
Mercer Global Advisors (Mercer Advisors) has acquired Rowland Carmichael Advisors, Inc. (RCA), a Scottsdale-based wealth management and family office firm. The deal (closed Dec 31, 2020) brings RCA’s nine-person team and its retirement-plan capability into Mercer’s existing Scottsdale office to expand Mercer’s Arizona presence and augment its ERISA/retirement plan business.
-
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 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.
-
MAI Capital Management Acquires Carmichael Hill & Associates
December 9, 2024
Wealth Management
MAI Capital Management announced the acquisition of Gaithersburg, Maryland-based Carmichael Hill & Associates, adding approximately $350 million in client assets under management. Carmichael Hill will adopt MAI's brand and infrastructure effective December 6, 2024; Principal Jim Stewart becomes Senior Wealth Advisor & Team Leader. Turkey Hill Management advised Carmichael Hill on the transaction; terms were not disclosed.
-
LTC Global Acquires Michael L. Fitzgerald Insurance Services, Inc.
August 22, 2024
Insurance
LTC Global, Inc. has acquired Michael L. Fitzgerald Insurance Services, Inc., a Capitas Financial partner agency headquartered in Walnut Creek, California. Michael Fitzgerald will remain to manage the agency as LTC Global expands its Capitas distribution presence across Northern California.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.