LPL Financial Acquires Financial Resources Group Investment Services

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.

Integrated Financial Partners Acquires Wagner Resources Group

April 12, 2022

Financial Services

Integrated Financial Partners, an affiliate of Integrated Partners, has acquired Wagner Resources Group, adding advisor Phylyp Wagner (and advisor Matt Quattlebaum) and nearly doubling the affiliate’s assets under management from $450 million to $810 million. The deal was supported operationally and legally by Integrated Partners to ensure a rapid, seamless transition for clients and staff.

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.

Private Advisor Group Acquires Investors Financial Group

March 16, 2022

Financial Services

Private Advisor Group, a Morristown, New Jersey-based independent wealth management firm, has acquired Minnesota-based registered investment advisor Investors Financial Group (IFG). IFG — comprised of nearly 30 advisors and staff and managing $1.86 billion in advisory AUM as of Dec. 31, 2021 — will transition RIA management to Private Advisor Group to gain practice management resources, scale, and succession planning support.

Foreside Financial Group Acquires JG Advisory Services LLC

March 9, 2021

Professional Services

Foreside Financial Group, a PE-backed provider of compliance and regulatory solutions, acquired the regulatory compliance business of JG Advisory Services LLC. The deal brings JG Advisory founder Judy Gross and her colleagues into Foreside to bolster the firm's compliance offerings for hedge funds, private equity and emerging managers; financial terms were not disclosed.

LPL Financial Acquires Private Client Group Business of Boenning & Scattergood

July 8, 2022

Financial Services

LPL Financial has entered into a definitive purchase agreement to acquire the Private Client Group business of Boenning & Scattergood, a 108-year-old family-owned broker/dealer and RIA based in West Conshohocken, Pennsylvania. The asset purchase will onboard approximately 40 advisors and about $5 billion of advisory and brokerage assets onto LPL's employee advisor model, and is expected to close in early 2023 subject to regulatory approvals.