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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Feb. 3, 11:53 AM

Slide #17. LPL Financial Holdings Inc. Financial Resources Group Investment Services

Acquirer: LPL Financial Holdings Inc. (NASDAQ:LPLA)
Acquiree: Financial Resources Group Investment Services
Details: LPL Financial Holdings Inc. (NASDAQ: LPLA) ("LPL Financial" or "LPL") today announced the closing of its acquisition of 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 nationwide, serving approximately $40 billion of advisory and brokerage assets. FRGIS will continue to operate independently within LPL, retaining its brand and leadership team.

LPL Financial Holdings is a holding company. Through its subsidiaries, Co. is engaged in the retail financial advice market and is an independent broker-dealer. Co.'s product and solution access includes: commission-based products, which include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and education savings plans and insurance; and fee-based platforms and support, which includes wrap-fee programs, mutual fund asset allocation programs, an advisor-improved digital advice program, advisory programs provided by third-party investment advisor firms, financial planning services and retirement plan consulting services.

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Company Name: 
LPL Financial Holdings Inc.
Stock buyback: 
LPLA buyback
Investment Brokerages
Number of ETFs Holding LPLA: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Buy (3.00 out of 4)
26th percentile
(ranked lower than approx. 74% of all stocks covered)

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