LPL Financial Acquires Crown Capital Securities' Wealth Management Business

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 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.

MAI Capital Management Acquires Lowe Wealth Advisors

December 15, 2025

Financial Services

MAI Capital Management has acquired Columbia, Maryland-based Lowe Wealth Advisors, a registered investment advisor with $527 million in assets under management. The deal expands MAI’s footprint in the Mid-Atlantic — adding Lowe’s nine-person, boutique, family-led practice and its niche client base while transitioning the firm onto MAI’s national platform; terms were not disclosed.

Prime Capital Investment Advisors Acquires Liberty Wealth Advisors

December 9, 2022

Financial Services

Prime Capital Investment Advisors (PCIA) has acquired substantially all of the assets of Liberty Wealth Advisors, a $1.75 billion wealth planning and investment management firm led by James S. Gladney. The deal brings Liberty's leadership and approximately 15 employees (including five advisors serving ~725 clients across 45+ states) into PCIA and closed on December 9, 2022.

MAI Capital Management Acquires Monarch Business & Wealth Management (and Regal Wealth Management)

December 17, 2021

Financial Services

MAI Capital Management acquired New York–based Monarch Business & Wealth Management, LLC and its strategic partner Regal Wealth Management, LLC, expanding MAI’s nationwide footprint and adding experienced financial planning and investment teams to its Sports & Entertainment Division. The deal, which closed Dec. 17, 2021, will increase MAI’s assets under management by over $163 million; financial terms were not disclosed.