LPL Financial Holdings completed the acquisition of Financial Resources Group Investment Services.

LPL Financial Holdings, a branch office supporting financial institutions and advisors, completed the acquisition of a provider of Financial Resources Group Investment Services, a managed programs for banks and credit unions. Financial terms were not disclosed. “This is the beginning of a new chapter with a long-standing, esteemed partner and LPL advocate, FRGIS. We are extremely pleased to deepen our partnership with FRGIS, which is a key foundational piece to our expansion in several strategic growth areas including community-based financial institutions, employee advisors and independent advisor offices.” Rich Steinmeier, LPL Financial Managing Director and Divisional President, Business Development.