Wilshire Acquires ParkLexington Advisors

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.

Apella Wealth Acquires Park Piedmont Advisors

August 29, 2025

Financial Services

Apella Wealth has acquired Park Piedmont Advisors, a fee-only advisory firm led by brothers Nick and Tom Levinson, adding over $1 billion in AUM and establishing Apella’s presence in Chicago. The deal is an add-on to Apella’s platform (which is partnered with Wealth Partners Capital Group) and expands Apella’s national footprint and resources for Park Piedmont’s clients.

Tikehau Capital Makes Strategic Growth Investment in Lenox Park Solutions

July 18, 2024

Data & Analytics

Tikehau Capital made a strategic minority investment in Lenox Park Solutions, a New York–based fintech specializing in data analytics and DEI/impact investing tools. The capital will accelerate Lenox Park's technology and analytics development and support its expansion into U.S. and international markets, with a Tikehau representative joining the company's board.

Houlihan Lokey Acquires Oakley Advisory

November 14, 2022

Consulting

Houlihan Lokey has agreed to acquire Oakley Advisory, a London-based independent advisory firm focused on digital infrastructure, communications services, and cloud. The deal brings Oakley’s partners and approximately 14 financial professionals into Houlihan Lokey’s Global Technology Group to expand the firm’s digital infrastructure coverage and European advisory capabilities.

Waller Helms Advisors Acquires Park Sutton Advisors

May 25, 2022

Financial Services

Waller Helms Advisors has agreed to acquire Park Sutton Advisors LLC, a boutique investment bank focused on M&A advisory for the wealth and investment management sector. The deal brings Park Sutton's senior team into WHA to expand its wealth and investment management capabilities; the transaction is subject to FINRA approval.

Franklin Templeton Acquires Lexington Partners

April 1, 2022

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) completed the acquisition of Lexington Partners L.P., a global manager of secondary private equity and co-investments, on April 1, 2022. The deal expands Franklin Templeton's alternative asset capabilities, adding Lexington's approximately $57 billion AUM and a global footprint while preserving Lexington's brand and investment strategy.