LPL Acquires Minority Interest in Independent Advisor Alliance


January 10, 2024

On December 18, 2023, Independent Advisor Alliance announced a minority investment by LPL Financial.

Under the terms of the transaction, LPL Financial LLC (“LPL”) acquired a non-controlling minority interest in Independent Advisor Alliance (“IAA”). Further terms of the deal were not disclosed.

IAA, based in Charlotte, North Carolina, is a hybrid registered investment firm offering financial and retirement advisory services to individuals and businesses. As of August 2023, IAA had $11.8 billion in assets under management.

LPL (Nasdaq: LPLA), based in San Diego, California, is a financial advisory firm serving over 22,000 financial advisors, including approximately 560 registered investment advisor firms nationwide. As of November 2023, LPL had $1.3 trillion in advisory and brokerage assets.

To read the press release: please click here.


The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.