LPL’s Atria deal fuels growth beyond 25,000 advisors.

February 21, 2024
1 min read


– LPL Financial is acquiring Atria Wealth Solutions in a deal worth between $1.105 billion and $1.385 billion to push its headcount of financial advisors above 25,000.
– The deal will help LPL expand its footprint among independent advisors and enterprise channels, offering a wider range of capabilities, technology, and services.

LPL Financial is set to supercharge its growth by acquiring New York-based Atria Wealth Solutions in a billion-dollar deal. This acquisition will not only increase LPL’s headcount of financial advisors above 25,000 but also solidify its position as the top independent broker-dealer in the industry. The deal, worth between $1.105 billion and $1.385 billion, includes an upfront price of $805 million, earn-outs tied to advisor retention, and integration costs. Atria’s current owner, private equity investor Lee Equity Partners, will exit with the deal, seven years after launching the firm. This acquisition highlights the ongoing momentum in private equity deals in wealth management. The Atria advisors will join LPL in mid-2025, following an expected close in the second half of this year. The deal showcases LPL’s commitment to growth and diversification, expanding its reach among independent advisors and enterprises. With access to a broader set of capabilities, technology, and services, Atria advisors can expect a competitive and simplified payout grid, transition assistance, and personalized onboarding guidance. This acquisition is a strategic move to enhance LPL’s value proposition, drive revenue synergies, and maintain its leading position in the industry. Overall, the deal is seen as a success by Wall Street analysts, who predict a significant increase in LPL’s client asset growth and earnings as a result of the acquisition.

Previous Story

Five rules from a debt-crushing financial coach who paid off $78K.

Next Story

Jed Shivers shines in ‘Who’s Who in Budgeting & Finance.’

Latest from Blog

Don't Miss