LPL Financial to Acquire Boenning & Scattergood


July 20, 2022

On July 8, 2022, LPL Financial announced an agreement to acquire Boenning & Scattergood.

Under the terms of the agreement, LPL Financial LLC (“LPL Financial”) will hire certain Boenning & Scattergood, Inc. (“Boenning & Scattergood) advisors and employees to join the firm. LPL Financial will also onboard Boenning & Scattergood’s client assets to LPL Financial’s custodial platform. Further terms of the agreement have not been disclosed.

LPL Financial, headquartered in San Diego, CA, is a financial advisory firm serving over 20,000 financial advisors, 1,000 investment programs, and approximately 500 RIA firms across the country.

Boenning & Scattergood, based in West Conshohocken, PA, is a broker-dealer and RIA that serves approximately $5 billion of 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.