secwatch.observer — SEC 8-K summary
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Issuer:     LPL Financial Holdings Inc. (LPLA)
CIK:        0001397911
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001193125-24-032973
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397911/000119312524032973/0001193125-24-032973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397911/000119312524032973/d765383d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-032973

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