Republic Capital Group Advises Private Advisor Group on its Minority Investment by LPL Financial
Private Advisor Group (AUM $41.3 billion) announced that LPL Financial (Nasdaq: LPLA) acquired a minority ownership stake, strengthening a nearly three‑decade relationship and broadening the firm's ownership alongside Merchant Investment Management and six legacy shareholders.
Announced on November 20, 2025, the investment is positioned to support advisor growth, innovation, practice management, business continuity, succession planning, and operational excellence while Private Advisor Group continues to operate independently under its brand.
Private Advisor Group (AUM $41.3 miliardi) ha annunciato che LPL Financial (Nasdaq: LPLA) ha acquisito una partecipazione di minoranza, rafforzando una relazione quasi trentennale e ampliando la proprietà della società accanto a Merchant Investment Management e a sei azionisti storici.
Annunciato il 20 novembre 2025, l'investimento è volto a supportare la crescita degli advisor, l'innovazione, la gestione della pratica, la continuità operativa, la pianificazione della successione e l'eccellenza operativa, mentre Private Advisor Group continua a operare in modo indipendente sotto il suo marchio.
Private Advisor Group (AUM $41.3 mil millones) anunció que LPL Financial (Nasdaq: LPLA) adquirió una participación de propiedad minoritaria, fortaleciendo una relación de casi tres décadas y ampliando la propiedad de la firma junto a Merchant Investment Management y seis accionistas históricos.
Anunciado el 20 de noviembre de 2025, la inversión está diseñada para apoyar el crecimiento de los asesores, la innovación, la gestión de la práctica, la continuidad del negocio, la planificación de la sucesión y la excelencia operativa, mientras Private Advisor Group continúa operando de forma independiente bajo su marca.
Private Advisor Group (자산운용 총액 $41.3십억)은 LPL Financial (Nasdaq: LPLA)가 소수 지분을 인수했다고 발표했으며, 거의 30년에 걸친 관계를 강화하고 Merchant Investment Management 및 여섯 명의 기존 주주와 함께 회사의 소유권을 확장했습니다.
2025년 11월 20일에 발표된 이 투자께서는 자문가 성장, 혁신, 실무 관리, 사업 연속성, 승계 계획 및 운영 우수성을 지원하는 것을 목표로 하며, Private Advisor Group은 브랜드 아래 독립적으로 계속 운영됩니다.
Private Advisor Group (AUM $41.3 milliards) a annoncé que LPL Financial (Nasdaq: LPLA) a acquis une participation minoritaire, renforçant une relation qui dure depuis près de trois décennies et élargissant la propriété de l'entreprise aux côtés de Merchant Investment Management et de six actionnaires historiques.
Annoné le 20 novembre 2025, cet investissement vise à soutenir la croissance des conseillers, l'innovation, la gestion de la pratique, la continuité des activités, la planification de la succession et l'excellence opérationnelle, tandis que Private Advisor Group continue d'opérer de manière indépendante sous sa marque.
Private Advisor Group (AUM $41,3 Milliarden) gab bekannt, dass LPL Financial (Nasdaq: LPLA) eine Minderheitsbeteiligung erworben hat, wodurch eine fast drei Jahrzehnte währende Beziehung gestärkt und das Eigentum der Firma neben Merchant Investment Management und sechs bisherigen Anteilseignern erweitert wird.
Am 20. November 2025 bekannt gegeben, zielt die Investition darauf ab, das Wachstum der Berater, Innovation, Praxisführung, Geschäftskontinuität, Nachfolgeplanung und operative Exzellenz zu unterstützen, während Private Advisor Group weiterhin eigenständig unter seiner Marke operiert.
Private Advisor Group (الأصول تحت الإدارة $41.3 مليار) أعلنت أن LPL Financial (Nasdaq: LPLA) استحوذت على حصة ملكية أقلية، مما يعزز علاقة استمرت لما يقرب من ثلاثة عقود ويفتح الملكية للشركة بجانب Merchant Investment Management وستة مساهمين قدامى.
أُعلن في 20 نوفمبر 2025، إن الاستثمار يهدف إلى دعم نمو المستشارين، الابتكار، إدارة الممارسة، استمرارية الأعمال، تخطيط الخلافة، والتميز التشغيلي بينما تستمر Private Advisor Group في العمل بشكل مستقل تحت علامتها التجارية.
- LPL minority investment announced on November 20, 2025
- Private Advisor Group AUM of $41.3 billion
- Private Advisor Group to remain independent under its established brand
- None.
Insights
Minority stake by LPL Financial strengthens distribution and support for Private Advisor Group and its
The transaction links a large custodian-distributor with an independent advisor network. LPL's minority capital and Merchant's continued stake broaden the ownership base while allowing Private Advisor Group to remain operationally independent. This structure can unlock expanded distribution, practice-management programs, and operational resources without full control transfer.
Key dependencies and risks include the scope of strategic alignment, governance rights tied to the minority stake, and execution of joint programs like succession planning and business continuity. Outcomes will depend on clear operating agreements and program rollout pace. Monitor integration milestones and any announced governance terms within the next
With LPL joining Merchant Investment Management ("Merchant") as a minority owner, alongside six legacy shareholders, Private Advisor Group broadens its ownership structure in a way that reinforces stability while enhancing the firm's ability to meet the evolving needs of its advisor community and their clients. The collaboration among the firms includes plans to expand programs and resources across areas such as practice management, business continuity, and succession planning—critical components in helping advisors build enduring enterprises.
Adam Schorr, Chief Financial Officer at Private Advisor Group shared, "Republic Capital Group has continually demonstrated strong due diligence and sound guidance. Their disciplined approach aligns well with our philosophy of making informed, well-supported decisions on behalf of the advisors we serve."
John Langston, Founder and CEO at Republic said, "Congratulations to the Private Advisor Group leadership team on achieving this significant event with LPL! This alignment positions both firms to achieve much more in the days ahead."
"It has been an honor to have served as advisors to Private Advisor Group to achieve this successful outcome with LPL. This is a milestone event in the industry, and we look forward to seeing their continued success with this partnership.", said Blake Cargill, Partner and Managing Director at Republic.
Over the past several years—and particularly since partnering with Merchant in 2021— Private Advisor Group has increased its investment in technology, talent, and operational infrastructure, reflecting its advisor-first philosophy. These efforts include initiatives that create a more robust platform for financial advisors seeking both growth and long-term sustainability.
Private Advisor Group will continue to operate as an independent firm under its established brand, while drawing on the complementary strengths of LPL and Merchant to unlock future opportunities and expand support for its advisor community.
About Republic Capital Group:
Republic Capital Group, led by CEO and Founder John Langston, specializes in providing investment banking services to the RIA, asset, and wealth management communities and their clients. Republic partners with firms at the forefront of M&A activity and active participants in the transformation of the industry. Republic is headquartered in
For more information, please visit republiccg.com and follow Republic Capital Group on LinkedIn.
Media Contact:
Carrie Massey
Private Advisor Group's $ 41.3 Billion in AUM refers to assets under management as of June 30, 2025.
Republic Capital Group Holdings, LLC ("RCG") member of FINRA/SIPC.
View original content to download multimedia:https://www.prnewswire.com/news-releases/republic-capital-group-advises-private-advisor-group-on-its-minority-investment-by-lpl-financial-302622055.html
SOURCE Republic Capital Group
FAQ
What did Private Advisor Group announce on November 20, 2025 regarding LPL (LPLA)?
How much assets under management does Private Advisor Group have after the LPL minority investment?
Will Private Advisor Group remain independent after the LPL (LPLA) investment?
Who joins Private Advisor Group's ownership alongside LPL (LPLA)?
What strategic areas will the LPL and Private Advisor Group collaboration focus on?
How does Republic Capital Group describe its role in the LPL‑Private Advisor Group transaction?
