LPL Financial Welcomes Advisor Francisco J. Blanco; Forms Stonebrook Wealth Partners

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.

Bluespring Wealth Partners Acquires Advisor Practices of Cristina Briboneria and Eric Pucciarelli

March 8, 2022

Wealth Management

Bluespring Wealth Partners has acquired the advisor practices of Cristina Briboneria and Eric Pucciarelli, two independent financial advisors affiliated with oXYGen Financial, who will join Bluespring's Atlanta-based hub. The deals add approximately $260 million in client assets and strengthen Bluespring's presence in the Southeastern United States.

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 Onboards Advisor Michael Carmichael (Carmichael Financial)

March 7, 2025

Financial Services

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.

Bluespring Wealth Partners Acquires SHP Financial

February 10, 2026

Wealth Management

Bluespring Wealth Partners has acquired Plymouth, Massachusetts-based financial planning firm SHP Financial, which oversees approximately $2.3 billion in assets. The deal brings SHP's ~50-person team and three Massachusetts offices into Bluespring's advisor platform, expanding the buyer's presence in New England.

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.