LPL Financial to acquire Atria Wealth Solutions with ~$100B in client assets

LPL Financial Holdings Inc.

Acquisition adds ~2,400 advisors and 150 banks/credit unions with ~$100B in brokerage and advisory assets.
Transaction signed Feb. 12, 2024; expected to close H2 2024, with platform conversion by mid-2025.
Atria operates seven broker-dealers including CUSO Financial, Sorrento Pacific, Cadaret Grant, NEXT Financial, SCF Securities, Western International, and Grove Point.
Regulatory approval required; Morgan Stanley advising LPL, Ardea Partners advising Atria.
Deal expands LPL's reach in bank/credit union and independent advisor channels.

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