LPL Financial (LPLA) to Acquire Lucia Securities
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LPL Financial to Acquire Lucia Securities
April 28, 2020 4:05 PM EDT Lucia Securities is a broker-dealer that serves approximately 20 advisors and $1.5 billion of client assets Estimated transaction multiple of approximately 6x post-synergy EBITDA
SAN DIEGO, April 28, 2020 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA) (together, the Company or LPL), today announced that it has signed an agreement to acquire Lucia Securities, a broker-dealer and registered investment advisor firm headquartered in San Diego. Â Lucia Securities provides independent financial advice to... More
