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.