LPL Financial Enters Agreement To Acquire The Investment Center, Adding $9B In Assets And 240 Advisors To Its Platform; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
LPL Financial has announced an agreement to acquire The Investment Center, which will add $9 billion in assets and 240 advisors to its platform. The financial terms of the deal were not disclosed.
September 04, 2024 | 12:49 pm
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LPL Financial's acquisition of The Investment Center will expand its platform by $9 billion in assets and 240 advisors, potentially enhancing its market position.
The acquisition of The Investment Center by LPL Financial is a significant strategic move, adding substantial assets and advisors to its platform. This expansion is likely to enhance LPL's market position and could positively impact its stock price in the short term.
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