LPL Financial Closes Acquisition of The Investment Center, Inc.
LPL Financial (NASDAQ: LPLA) has completed the acquisition of The Investment Center, Inc., a Bedminster-based broker-dealer and registered investment adviser. The deal brings 160 high-performing advisors to LPL's network, with approximately $4 billion of brokerage and advisory assets already onboarded as of March 11, 2025. The remaining $3 billion in assets are expected to transition over the coming months.
The Investment Center, founded in 1986, provides back-office support services, investment tools, and technology to independent financial advisors across all 50 states. This strategic acquisition aligns with LPL's growth strategy, as the firm currently supports nearly 29,000 financial advisors and approximately 1,200 financial institutions, managing about $1.7 trillion in brokerage and advisory assets for approximately 6 million Americans.
LPL Financial (NASDAQ: LPLA) ha completato l'acquisizione di The Investment Center, Inc., un broker-dealer e consulente finanziario registrato con sede a Bedminster. L'accordo porta 160 consulenti di alto livello nella rete di LPL, con circa 4 miliardi di dollari di asset di intermediazione e consulenza già integrati al 11 marzo 2025. Si prevede che i restanti 3 miliardi di dollari in asset vengano trasferiti nei prossimi mesi.
The Investment Center, fondata nel 1986, fornisce servizi di supporto back-office, strumenti di investimento e tecnologia a consulenti finanziari indipendenti in tutti i 50 stati. Questa acquisizione strategica è in linea con la strategia di crescita di LPL, poiché l'azienda attualmente supporta quasi 29.000 consulenti finanziari e circa 1.200 istituzioni finanziarie, gestendo circa 1,7 trilioni di dollari in asset di intermediazione e consulenza per circa 6 milioni di americani.
LPL Financial (NASDAQ: LPLA) ha completado la adquisición de The Investment Center, Inc., un corredor de bolsa y asesor de inversiones registrado con sede en Bedminster. El acuerdo trae 160 asesores de alto rendimiento a la red de LPL, con aproximadamente 4 mil millones de dólares en activos de corretaje y asesoría ya incorporados hasta el 11 de marzo de 2025. Se espera que los restantes 3 mil millones de dólares en activos se transfieran en los próximos meses.
The Investment Center, fundado en 1986, proporciona servicios de soporte administrativo, herramientas de inversión y tecnología a asesores financieros independientes en los 50 estados. Esta adquisición estratégica se alinea con la estrategia de crecimiento de LPL, ya que la firma actualmente apoya a casi 29,000 asesores financieros y aproximadamente 1,200 instituciones financieras, gestionando alrededor de 1.7 billones de dólares en activos de corretaje y asesoría para aproximadamente 6 millones de estadounidenses.
LPL Financial (NASDAQ: LPLA)는 베드민스터에 본사를 둔 중개업체이자 등록된 투자 자문사인 The Investment Center, Inc.의 인수를 완료했습니다. 이번 거래로 LPL의 네트워크에 160명의 고성능 자문가가 합류하며, 2025년 3월 11일 기준으로 약 40억 달러의 중개 및 자문 자산이 이미 onboard되었습니다. 나머지 30억 달러의 자산은 향후 몇 달 안에 전환될 것으로 예상됩니다.
1986년에 설립된 The Investment Center는 미국 전역의 독립 금융 자문가에게 백오피스 지원 서비스, 투자 도구 및 기술을 제공합니다. 이 전략적 인수는 LPL의 성장 전략과 일치하며, 현재 LPL은 거의 29,000명의 금융 자문가와 약 1,200개의 금융 기관을 지원하며, 약 1.7조 달러의 중개 및 자문 자산을 약 600만 미국인에게 관리하고 있습니다.
LPL Financial (NASDAQ: LPLA) a finalisé l'acquisition de The Investment Center, Inc., un courtier et conseiller en investissements enregistré basé à Bedminster. Cet accord apporte 160 conseillers performants au réseau de LPL, avec environ 4 milliards de dollars d'actifs de courtage et de conseil déjà intégrés au 11 mars 2025. Les 3 milliards de dollars restants devraient être transférés dans les mois à venir.
The Investment Center, fondé en 1986, fournit des services de soutien administratif, des outils d'investissement et de la technologie aux conseillers financiers indépendants dans les 50 États. Cette acquisition stratégique s'aligne avec la stratégie de croissance de LPL, car l'entreprise soutient actuellement près de 29 000 conseillers financiers et environ 1 200 institutions financières, gérant environ 1,7 trillion de dollars d'actifs de courtage et de conseil pour environ 6 millions d'Américains.
LPL Financial (NASDAQ: LPLA) hat die Übernahme von The Investment Center, Inc., einem Broker-Dealer und registrierten Anlageberater mit Sitz in Bedminster, abgeschlossen. Der Deal bringt 160 leistungsstarke Berater in das Netzwerk von LPL, mit etwa 4 Milliarden Dollar an Broker- und Beratungsvermögen, die bis zum 11. März 2025 bereits integriert sind. Die verbleibenden 3 Milliarden Dollar an Vermögenswerten werden in den kommenden Monaten voraussichtlich übertragen.
The Investment Center, gegründet 1986, bietet Backoffice-Supportdienste, Investitionswerkzeuge und Technologie für unabhängige Finanzberater in allen 50 Bundesstaaten an. Diese strategische Übernahme steht im Einklang mit der Wachstumsstrategie von LPL, da das Unternehmen derzeit fast 29.000 Finanzberater und etwa 1.200 Finanzinstitute unterstützt und rund 1,7 Billionen Dollar an Broker- und Beratungsvermögen für etwa 6 Millionen Amerikaner verwaltet.
- Acquisition adds $7 billion in total assets under management
- Expands advisor network by 160 financial professionals
- Strengthens presence in all 50 states
- Already successfully onboarded $4 billion in assets
- $3 billion in assets still pending transition, creating uncertainty
- Integration risks and potential client attrition during transition
- Transaction costs and integration expenses not disclosed
Insights
LPL Financial's acquisition of The Investment Center represents a strategic bolt-on transaction that incrementally expands their advisor network and assets under management. With
The transaction aligns with LPL's established consolidation strategy in the fragmented wealth management industry. By adding 160 advisors from a firm with operations across all 50 states, LPL continues its methodical expansion while leveraging its existing infrastructure and technology platform.
What's particularly noteworthy is the phased integration approach, with only
From a valuation perspective, while no financial terms were disclosed, these types of wealth management acquisitions typically involve a multiple of recurring revenue. The real economic value will hinge on advisor retention rates and successful cross-selling of LPL's broader platform services to the acquired clients – factors that won't be immediately evident but will materialize over the next 12-24 months.
This acquisition demonstrates the continuing bifurcation in wealth management between scale players like LPL and smaller independent firms seeking strategic partners. The Investment Center, with its 160 advisors and
The deal highlights two critical industry dynamics: First, the increasing technology and compliance burdens making it harder for mid-sized firms to remain independent; and second, LPL's hybrid affiliation model which allows acquired advisors to maintain their entrepreneurial culture while accessing institutional-grade resources.
For The Investment Center's advisors, the key consideration will be preserving their "small firm feel" within LPL's extensive network of 29,000 advisors. The successful integration will depend on LPL's ability to deliver on its promise of enhanced technology and investment platforms while not disrupting the advisor-client relationships.
Looking at competitive implications, this acquisition further solidifies LPL's position in the independent broker-dealer space. With each acquisition, LPL gains not just assets but also regional presence and advisor relationships that strengthen its competitive moat against both traditional wirehouses and emerging fintech platforms targeting the independent advisor market.
SAN DIEGO, March 11, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC (NASDAQ: LPLA) today announced it has closed its acquisition of the wealth business of The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, N.J.
“We welcome The Investment Center’s 160 high-performing advisors to our network. Their entrepreneurial spirit and dedication to client success are a strong fit for LPL’s culture," said Reed Eastley, executive vice president, corporate development at LPL. “Through LPL, The Investment Center can continue to grow and support its network of advisors with expanded access to LPL’s integrated technology, wealth management platforms and resources to help them operate efficiently and deliver more value to their clients.”
“We are incredibly proud of our advisors and their unwavering commitment to the best outcomes for our clients,” said Ralph DeVito, president and chief executive officer at The Investment Center. “Our deliberate approach to growth has allowed us to maintain a 'small firm' feel for our advisors. Joining LPL is the next step that will empower them to deliver exceptional service and achieve even greater heights.”
As of March 11, approximately
About The Investment Center, Inc.
The Investment Center, Inc., is an independent broker-dealer founded in 1986 with the purpose of providing back-office support services, investment tools, technology, and a broad selection of non-proprietary products to a national network of more than 160 independent financial advisors in offices across the nation. Headquartered in Bedminster, New Jersey, The Investment Center is registered to conduct securities business in all 50 states and is a member of both the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). For more information, visit www.investmentctr.com.
About LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.
The Investment Center, LPL Financial Holdings and LPL Financial are separate entities.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Forward-Looking Statements
Certain of the statements included in this release, such as those regarding LPL Financial and its potential growth, business strategy and plans, including the expected benefits of LPL Financial’s acquisition of The Investment Center, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “plans,” “assumes,” “estimates,” “projects,” “intends,” “should,” “will,” “shall” or variations of such words are generally part of forward-looking statements. Forward-looking statements are made based on current expectations and beliefs concerning future developments and their potential effects upon LPL, The Investment Center or both. In particular, LPL Financial can provide no assurance that the assets reported as serviced by The Investment Center financial advisors will translate into assets serviced at LPL Financial, or that The Investment Center financial advisors will join LPL Financial. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, and there are certain important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements. Important factors that could cause or contribute to such differences include: difficulties or delays of LPL Financial in onboarding The Investment Center financial advisors, staff or clients, which could negatively affect LPL Financial’s ability to realize revenue or expense synergies or other expected benefits of the transaction; the inability of LPL Financial to sustain revenue and earnings growth or to fully realize revenue or expense synergies or the other expected benefits of the transaction, which depend in part on LPL Financial’s success in onboarding assets currently served by The Investment Center’s advisors; disruptions to The Investment Center’s or LPL Financial’s businesses due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with their financial advisors and their clients, employees, other business partners or governmental entities; the choice by clients of The Investment Center’s advisors not to open brokerage and/or advisory accounts at LPL Financial or move their assets from The Investment Center to LPL Financial; changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of assets under custody; and the effects of competition in the financial services industry, including competitors’ success in recruiting The Investment Center’s advisors. Certain additional important factors that could cause actual results or the timing of events to differ, possibly materially, from expectations or estimates expressed or implied in such forward-looking statements can be found in the “Risk Factors” section included in LPL Financial’s most recent Annual Report on Form 10-K. Except as required by law, LPL Financial does not undertake to update any particular forward-looking statement included in this document as a result of developments occurring after the date of this press release.
Contacts
LPL Media Relations
media.relations@lplfinancial.com
LPL Investor Relations
investor.relations@lplfinancial.com
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FAQ
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