LPL Financial to Acquire $6.5B Wealth Management Business

“This was an emotional and very personal decision for the firm, and we believe LPL was the ideal choice to help our advisors take their businesses to the next level in the future,” adds Phyllis Paulsen, executive vice president of Crown Capital.

Rich Steinmeier, LPL Financial managing director and divisional president for business development, said Crown Capital’s advisors share a common mission to help their clients build their financial legacies. He suggested LPL’s platform will enable them to streamline operations, enhance their service offering and grow their client relationships.

“We are committed to supporting the Crown advisors so they can continue providing exceptional service to their clients, and look forward to welcoming them to LPL,” Steinmeier said.

According to the press release, Crown advisors specialize in offering their clients customized, high-touch services across investment management, estate planning, risk management, education planning, corporate benefits, full-service brokerage and alternative investments.

Photo: LPL Financial