---
schema_version: "secwatch.filing_event.v1"
accession: "0001397911-23-000129"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T04:03:44.103134+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# LPL Financial signs strategic agreement with Prudential to serve Prudential Advisors' 2,600+ advisors

## Summary
- LPL will act as broker-dealer and RIA for Prudential Advisors, moving assets from current custodian to LPL.
- Transition expected in latter part of 2024, subject to regulatory approval; affects over 2,600 financial professionals.
- LPL will expand its technology platform and servicing model to provide a tailored experience for Prudential Advisors.
- Prudential Advisors will continue to offer planning, investment, insurance, and retirement solutions, leveraging LPL's platform.
- LPL and Prudential have been partners since 1989 in life and annuity; this agreement expands that relationship.

## SEC filing metadata
- accession: 0001397911-23-000129
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2023-08-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000139791123000129/0001397911-23-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000139791123000129/lpla-20230824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397911-23-000129
- JSON: https://secwatch.observer/filing/0001397911-23-000129.json
- Plain text: https://secwatch.observer/filing/0001397911-23-000129.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.