Seller Details:
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 240 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).
Buyer Details:
Established in 1989, LPL Financial is a retail investment advisory and independent broker-dealer firm headquartered in San Diego, California. LPL is a leader in the markets they serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide.
Transaction Summary:
The Investment Center and LPL were introduced as part of LPL’s planned acquisition of Atria Wealth Solutions, Inc., which was announced earlier this year. LPL expects to close and convert the acquisition of The Investment Center in the first half of 2025.