LPL Financial's Acquisition of Atria Wealth Solutions: A Major Boost in Wealth Management
LPL Financial Holdings Inc. has announced its definitive purchase agreement to acquire Atria Wealth Solutions, Inc., a wealth management solutions holding company supporting approximately 2,400 advisors and 150 banks and credit unions with around $100 billion of brokerage and advisory assets. The acquisition is expected to be completed in mid-2025, subject to regulatory approval and other conditions. Atria will transition its brokerage and advisory assets to the LPL platform, and the agreement involves financial and legal advisors from both parties.