LPL Financial investment in Private Advisor Group strengthens position as M&A force for RIAs

Corey Kupfer, founder and managing partner at Kupfer., shares insight into LPL’s minority ownership stake in PAG with Andrew Cohen at InvestmentNews. “LPL seems to be first focused on investing in firms already on its platform to help retain them in the face of minority and acquisition offers from competitors and PE firms directly. Most firms that have done that have moved to making investments and doing acquisitions of firms off the platform after they locked up their large internal teams,” Kupfer says.

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