Transaction Details

Republic Capital Group acted as the exclusive financial advisor to Private Advisor Group (PAG) in its minority stake sale to LPL Financial. Founded in 1997, PAG is a Morristown, New Jersey-based RIA managing $41 billion in assets under management. The firm provides holistic financial planning and specializes in advising corporate retirement plans, with a focus on empowering financial professionals with cutting-edge tools and a supportive network, ensuring every advisor can grow their practice and serve clients with excellence.

PAG operates as an office of supervisory jurisdiction for advisors doing commission-based business through LPL. LPL’s minority stake will align the interests of both firms and give PAG access to LPL’s scale, infrastructure, and operational support, with expanded resources for practice management and succession planning as part of the investment.