LPL Financial Acquires Mariner Advisor Network to Expand Asset Control
LPL Financial has agreed to acquire the Mariner Advisor Network, which supports 367 financial advisors managing $31 billion in assets. The acquisition allows LPL to capture more assets and streamline operations, while Mariner exits a business line that is no longer central to its RIA strategy. Industry consultants view the deal as strategic for both firms and reflective of a broader trend in wealth management.
Topics: acquisition financial advisors LPL Financial Mariner Advisors RIA