LPL Financial completed the acquisition of a minority stake in Private Advisor.

LPL Financial, a wealth management firm, completed the acquisition of a minority stake in Private Advisor, a financial services firm. Financial terms were not disclosed. "At Private Advisor Group, we believe in offering advisors choice, flexibility, and a true path to growth. Both LPL and Merchant share this mindset and are uniquely positioned to advocate for advisors and shape the trajectory of our industry," Frank Smith, Private Advisor Group CEO.