On November 19, 2025, it was announced that LPL Financial Holdings had acquired a minority stake in Private Advisor Group.
Private Advisor Group (“PAG”) announced, on November 19, 2025, that LPL Financial Holdings (“LPL”) had acquired a minority stake in PAG. Under the terms of the deal, PAG’s legacy leadership team, which includes six owners, will retain majority ownership and control of PAG. Further terms of the transaction were not disclosed.
LPL (Nasdaq: LPLA), headquartered in San Diego, California, is a financial advisory firm providing investment solutions and practice management services to independent financial advisors and financial institutions. As of November 2025, LPL’s total advisory and brokerage assets were $2.36 trillion.
PAG, based in Morristown, New Jersey, is a registered investment advisor offering financial services to independent financial advisors and individual investors. As of June 30, 2025, PAG had approximately $41.3 billion in assets under management. Republic Capital Group served as PAG’s exclusive financial advisor on the transaction.
To read the press release: please click here.