LPL Financial has entered into a definitive agreement to acquire The Investment Center, a broker-dealer and registered investment adviser based in Bedminster, N.J.
“The Investment Center fosters an entrepreneurial approach that has driven their success in reaching nearly $9 billion in assets,” said Rich Steinmeier, managing director and chief growth officer at LPL Financial. “By bringing The Investment Center’s 240 high-performing advisers to LPL, we look forward to serving their thriving businesses and providing them our industry-leading service and technology.”
The Investment Center was founded in 1986 to provide back-office support services, investment tools, technology and a broad selection of non-proprietary products to a national network of independent financial advisers. The Investment Center shares LPL’s adviser-first philosophy, and its emphasis on independence has been k