Acquiring Company
LPL Financial
Acquired Company
Financial Resources Group Investment Services
San DiegoFinancial ServicesSoftwareFinanceFintechFinancial ServicesFinanceLendingBankingDescription
LPL Financial Holdings Inc. (NASDAQ: LPLA) (“LPL Financial” or “LPL”) today announced that the firm has entered into a definitive purchase agreement to acquire Financial Resources Group Investment Services (“FRGIS”), an LPL branch office supporting financial institutions and advisors, headquartered in Fort Mill, South Carolina. FRGIS comprises approximately 800 advisors and 85 financial institutions nation-wide, serving approximately $40 billion of advisory and brokerage assets. FRGIS will continue to operate independently within LPL following the closing of the acquisition (the “Closing”), retaining its brand and leadership team.
Quick answer
LPL Financial is acquiring Financial Resources Group Investment Services, announced November 3, 2022. LPL Financial is based in San Diego, California, United States.
- How much did LPL Financial pay for Financial Resources Group Investment Services?
- The deal value was not disclosed.
- What does LPL Financial do?
- LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around.
- Where are LPL Financial and Financial Resources Group Investment Services based?
- LPL Financial is based in San Diego, California, United States.
- Who are the decision-makers at LPL Financial?
- Fundz holds 3 contacts at LPL Financial. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at LPL Financial, and when
When LPL Financial changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day LPL Financial raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at LPL Financial, from your own LinkedIn network
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Frequently asked
Who acquired Financial Resources Group Investment Services?
Financial Resources Group Investment Services was acquired by LPL Financial, based in San Diego. The deal was reported on November 3, 2022. LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. LPL Financial is publicly traded (LPLA) and operates in Financial Services.
When did LPL Financial acquire Financial Resources Group Investment Services?
LPL Financial's acquisition of Financial Resources Group Investment Services was reported on November 3, 2022. LPL Financial Holdings Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Financial Resources Group Investment Services do?
Founded in May 2010 on a “commitment to serve,” FRGIS’s vision was driven by a team of professionals with the common goal of assisting financial professionals and financial institutions in pursuing superior results. It is privately held, operating in Financial Services.
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