LPL Stakes $41B Super OSJ Private Advisor Group

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. LPL Financial has acquired a minority stake in Private Advisor Group, the Morristown, N.J.-based registered investment advisor and office of supervisory jurisdiction of LPL with over $41.3 billion in client assets. LPL joins Merchant Investment Management, which made a minority investment in PAG in 2021.  PAG’s legacy leadership team, which includes six owners, retains majority ownership an ...