Private Advisor Group Announces New Minority Investment From LPL Financial
By Amit Chowdhry ● Nov 20, 2025
Private Advisor Group has secured a new minority investment from LPL Financial, marking a significant expansion of its ownership structure and reinforcing its position as one of the country’s prominent financial services firms. The deal, effective November 18, 2025, aligns the firm more closely with LPL Financial, one of the fastest-growing wealth management organizations in the United States. Merchant Investment Management, already a minority owner since 2021, remains alongside LPL and legacy shareholders, collectively supporting the firm’s long-term strategy.