LPL buying one of its own giant branches
South Carolina-based Financial Resources Group Investment Services houses bank brokers overseeing $40 billion in assets.
In a widely anticipated move, LPL Financial Holdings Inc. said Thursday that it was buying one of its own giant branch offices, Financial Resources Group Investment Services, which houses bank brokers overseeing $40 billion in assets.
The deal has a base price of $140 million in cash, with the p
Learn more about reprints and licensing for this article.