On August 5, 2024, LPL Financial LLC announced that it acquired SoundWay Financial.
LPL Financial LLC (“LPL Financial”) announced, on August 5, 2024, that it acquired SoundWay Financial (“SoundWay”). Further terms of the transaction were not disclosed.
LPL Financial, headquartered in San Diego, California, is a registered investment advisor and wealth firm that is a subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA). As of August 2024, LPL Financial has over $463 billion in assets under management.
SoundWay, based in North Haven, Connecticut, is a wealth management solutions holding company providing financial advice to financial professionals, financial institutions, and their clients. SoundWay had approximately $180 million in client assets.
To read the press release: please click here.