LPL Financial Acquires Veritat Advisors

July 11, 2012

On July 10, 2012, LPL Financial Holdings Inc. announced that its subsidiary NestWise LLC will acquire Veritat Advisors, Inc.


On July 10, 2012, LPL Financial Holdings Inc. announced that its recently formed wholly owned subsidiary, NestWise LLC will acquire Veritat Advisors, Inc.  NestWise provides personal financial advice to the mass market.  Veritat, a registered investment advisory firm, supports an online financial planning platform which is designed to support advisors serving the mass market, such as NestWise.  NestWise will support the recruitment and development of newcomer fee-based independent financial advisors serving the mass market.  Financial terms of the transaction, which is expected to close during the third quarter of 2012, were not disclosed. 

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions