LPL Financial has closed its acquisition of Atria Wealth Solutions, a wealth management solutions holding company headquartered in New York.
In February, LPL Financial announced it had entered into a definitive purchase agreement to acquire the company. The transaction will see Atria transition its brokerage and advisory assets, along with its network of broker-dealers, to the LPL platform.
According to the earlier announcement, the broker-dealers include two with a focus on supporting banks and credit unions — CUSO Financial Services and Sorrento Pacific Financial — and five that support independent financial professionals — Cadaret Grant, NEXT Financial Group, SCF Securities, Western International Securities and Grove Point Financial.
“The team at Atria has built a company which is aligned with our clear mission at LPL, to prioritize the adviser experience so advisers
