04.14.26

LPL Acquires Mariner's $31B Platform Business

by: Diana Britton

LPL Financial has agreed to acquire the $31 billion platform business of Mariner Advisor Network, expanding its footprint among independent advisors. The deal involves 367 advisors, with 223 remaining directly affiliated with LPL and 144 transitioning to a hybrid registered investment advisor model under Private Advisor Group, which is partnering on the acquisition. The transaction marks the largest in Private Advisor Group’s history and reflects ongoing consolidation in the wealth management industry. It also highlights demand for flexible advisory platforms that allow independence while providing operational support. Mariner said the move ensures continuity for clients and advisors, while positioning the network for future growth as firms increasingly adapt to evolving business models and client needs.

Read the full article on Wealth Management