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Lpl Financial To Acquire Financial Services Provider Crown Capital Securities

Jul 25, 2023•over 2 years ago

Acquiring Company

LPL Financial

Acquired Company

Crown Capital Securities

San DiegoFintechFinance

Description

LPL Financial LLC (“LPL Financial” or “LPL”) today announced that the firm has entered into a definitive purchase agreement to acquire the wealth management business of Crown Capital Securities, L.P. (“Crown Capital” or “Crown”), a full-service broker-dealer and registered investment advisor (“RIA”) headquartered in Orange County, California. Crown supports approximately 260 financial advisors, who serve approximately $6.5 billion of advisory and brokerage assets.

Company Information

Company

LPL Financial

Location

4707 Executive Drive

San Diego, California, United States

About

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed