Prnewswire·2025-11-20 17:12Core Insights - Republic Capital Group served as the investment banking advisor to Private Advisor Group, which has $41.3 billion in assets under management (AUM), during LPL Financial's acquisition of a minority ownership stake, enhancing their long-term strategic relationship [1][7] - The partnership with LPL Financial and Merchant Investment Management aims to broaden Private Advisor Group's ownership structure, reinforcing stability and enhancing its ability to meet the evolving needs of advisors and clients [2] Group 1 - The collaboration will focus on expanding programs and resources in practice management, business continuity, and succession planning, which are essential for helping advisors build sustainable enterprises [2] - Private Advisor Group has increased its investment in technology, talent, and operational infrastructure, reflecting its advisor-first philosophy since partnering with Merchant in 2021 [4] - Private Advisor Group will maintain its independence while leveraging the strengths of LPL and Merchant to unlock future opportunities for its advisor community [5] Group 2 - Adam Schorr, CFO of Private Advisor Group, praised Republic Capital Group for its strong due diligence and guidance, aligning with their philosophy of informed decision-making [3] - John Langston, CEO of Republic, congratulated Private Advisor Group on this significant milestone, indicating a promising future for both firms [3] - Blake Cargill, Partner and Managing Director at Republic, expressed honor in advising Private Advisor Group and highlighted the event as a milestone in the industry [3]