LPL Financial to Acquire Atria


February 26, 2024

On February 13, 2024, LPL Financial Holdings Inc. announced that it will acquire Atria Wealth Solutions, Inc.

LPL Financial Holdings Inc. (“LPL Financial”) (Nasdaq: LPLA), along with its subsidiaries, announced on February 13 that it will acquire Atria Wealth Solutions, Inc. (“Atria”). As part of the agreement, Atria will transition its brokerage and advisory assets currently custodied with its network of broker-dealers to LPL’s platform. The transaction is expected to close in the second half of 2024. The conversion is expected to be completed in mid-2025, subject to receipt of regulatory approval and other conditions.

LPL Financial, headquartered in San Diego, California, is a financial advisory firm serving independent financial advisors and financial institutions, providing them with technology, research, clearing and compliance services, and practice management programs. As of February 1, 2024, LPL Financial’s subsidiary, LPL Financial LLP, had $367 billion in assets under management.

Atria, based in New York City, is a wealth management solutions holding company providing financial advice to financial professionals, financial institutions, and their clients. As of February 2024, Atria had $8 billion in assets under management. Ardea Partners LP served as lead financial advisor to Atria.

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