Private Advisor Group Announces Minority Investment by LPL Financial

Core Insights - LPL Financial has acquired a minority ownership stake in Private Advisor Group, enhancing strategic alignment and enabling innovation and advisor growth [1][2][3] Company Overview - Private Advisor Group is a leading financial services firm with over $41.3 billion in assets under management as of June 30, 2025 [6] - LPL Financial supports over 32,000 financial advisors and manages approximately $2.3 trillion in brokerage and advisory assets for around 8 million Americans [8] - Merchant Investment Management, a partner in this investment, manages over $300 billion in assets across 125 partner firms and RIA practices [10] Strategic Implications - The partnership aims to deepen collaboration among Private Advisor Group, LPL Financial, and Merchant, focusing on enhancing resources for practice management and succession planning [1][4] - The investment is expected to create new opportunities for advisors while allowing Private Advisor Group to maintain its independent brand [5] Historical Context - The relationship between Private Advisor Group and LPL Financial has been built over nearly 30 years, emphasizing shared values in driving advisor success [3] - Since partnering with Merchant in 2021, Private Advisor Group has made significant investments in technology and resources, including the launch of the WealthSuite investment management platform [3]