{"id":533484,"date":"2026-04-16T04:33:21","date_gmt":"2026-04-16T04:33:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/533484\/"},"modified":"2026-04-16T04:33:21","modified_gmt":"2026-04-16T04:33:21","slug":"lpl-acquires-mariner-advisor-network","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/533484\/","title":{"rendered":"LPL Acquires Mariner Advisor Network"},"content":{"rendered":"

LPL Financial announced plans Tuesday to acquire Mariner Advisor Network, a division of Mariner with 367 advisors and $31 billion in assets that was already affiliated with LPL.\u00a0<\/p>\n

As part of the deal, in partnership with its minority investor LPL,<\/a> Private Advisor Group, the Morristown, N.J.-based registered investment advisor and office of supervisory jurisdiction of LPL, will acquire Mariner Advisor Network’s hybrid business.<\/p>\n

Under the agreement, 223 advisors will maintain direct affiliation with LPL, while the remaining 144 advisors will come under Private Advisor Group\u2019s hybrid RIA and maintain their multi-custodial relationships.\u00a0<\/p>\n

\u201cThis is an ideal outcome for these advisors, enabling them to broaden their relationship with LPL while maintaining stability and continuity for the clients they serve,\u201d said Marty Bicknell, CEO and president of Mariner, in a statement. \u201cThis step reflects our focus on doing what\u2019s right for advisors and for the industry as it continues to evolve. We\u2019re proud of the network we built and confident in its enduring success with the continued commitment and support of LPL and Private Advisor Group.\u201d<\/p>\n

Related:Hightower Nearing Launch of New Centralized Advisor Platform<\/a><\/p>\n

This represents the largest acquisition in PAG\u2019s 30-year history. The firm has grown to more than $41 billion in assets under management and nearly 800 advisors nationwide. In November, the firm sold a minority stake to LPL<\/a>, joining Merchant Investment Management, which has been a capital partner since 2021.\u00a0<\/p>\n

At the time, Frank Smith, CEO of PAG, said the firm decided to bring on the LPL investment to become more aligned with the firm. PAG also wanted to bring on a capital partner that was an operator in the wealth management business, Smith said.\u00a0<\/p>\n

\u201cProviding the flexibility to align the right platform to the right practice needs is a core benefit of our multi-custodian hybrid RIA offering, and we look forward to extending that capability to members of the Mariner Advisor Network,\u201d Smith said in a statement. \u201cWith the support of LPL, we\u2019re well positioned to deliver thoughtful, durable solutions that reinforce supported independence now and into the future.\u201d<\/p>\n

Mariner Advisor Network is part of Mariner Independent, the firm\u2019s independent business channel, which offers a suite of resources to independent financial advisors who seek to scale their businesses and concentrate on serving clients without back-office distractions.\u00a0<\/p>\n

Mariner set up its independent advisor channel<\/a> in 2020 through a partnership with Dynasty Financial Partners, in which advisors were 1099 contractors. In 2021, Mariner took on the independent setup and ended the relationship with Dynasty.<\/p>\n

Related:$13B RIA Soltis Adds In-House Tax Prep Through Acquisition<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"LPL Financial announced plans Tuesday to acquire Mariner Advisor Network, a division of Mariner with 367 advisors and…\n","protected":false},"author":2,"featured_media":533485,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":{"0":"post-533484","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-personalfinance","12":"tag-uk","13":"tag-united-kingdom","14":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/533484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=533484"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/533484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/533485"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=533484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=533484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=533484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}