06.03.26

LPL To Take a Breather on Big M&A Deals, CEO Says

by: Miriam Rozen

LPL Financial CEO Rich Steinmeier said the firm is not planning any major mergers and acquisitions (M&A) in the near future, choosing instead to focus on integrating its largest-ever purchase, Commonwealth Financial Network. While stepping back from large-scale M&A, LPL is redirecting recruiting resources toward attracting new advisors and remains active in acquiring independent RIAs and financing advisor succession plans. Steinmeier described succession and liquidity solutions as the centerpiece of LPL’s future M&A strategy. He also highlighted continued investment in direct-to-consumer marketing, including a new four-year partnership with the PGA of America beginning in 2027 that will give LPL a visible presence at major golf events and create opportunities for advisors and clients to attend.

Read the full article on AdvisorHub