Private Advisor Group Announces Minority Investment by LPL Financial

LPL Financial Joins Merchant in Minority Ownership of Private Advisor Group, Strengthening Strategic Alignment

MORRISTOWN, N.J., Nov. 19, 2025 /PRNewswire/ -- Private Advisor Group, a leading financial services firm and LPL Financial Holdings Inc. (Nasdaq: LPLA) (together with its subsidiaries, including LPL Financial LLC, "LPL Financial" or "LPL") announced today LPL's acquisition of a minority ownership stake in Private Advisor Group. This agreement will deepen Private Advisor Group's alignment with one of the fastest-growing wealth management firms in the U.S., enabling the firm to fuel innovation and accelerate advisor growth and engagement. As part of this effort, the firms will expand resources for practice management and succession planning to help advisors strengthen and sustain their businesses over the long term.

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