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Lpl Financial To Acquire Financial Resources Group Investment Services

Lpl Financial To Acquire Financial Resources Group Investment Services

11/03/22, 12:04 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan diego
Industry
finance
banking
lending
finance
financial services
LPL Financial Holdings Inc. (NASDAQ: LPLA) (“LPL Financial” or “LPL”) today announced that the firm has entered into a definitive purchase agreement to acquire Financial Resources Group Investment Services (“FRGIS”), an LPL branch office supporting financial institutions and advisors, headquartered in Fort Mill, South Carolina. FRGIS comprises approximately 800 advisors and 85 financial institutions nation-wide, serving approximately $40 billion of advisory and brokerage assets. FRGIS will continue to operate independently within LPL following the closing of the acquisition (the “Closing”), retaining its brand and leadership team.

Company Info

Company
LPL Financial
Location
n fm 620 building c
San Diego, California, United States
Company info
LPL Financial 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 $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.

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