LPL Seen As Front-Runner To Buy National Planning Holdings’ B-D Network

August 7, 2017

LPL Seen As Front-Runner To Buy National Planning Holdings’ B-D Network

July 30, 2017 | FA-mag.com

Worm eye view shot of businessmen handshaking.acquisition concept.

LPL Financial appears to be the likely winner in the bidding for Jackson National’s 3,500-rep, broker-dealer network, National Planning Holdings (NPH). Although no deal has been announced, sources in the insurance industry said a transaction could be finalized imminently.

LPL is seen as the most logical candidate to acquire the NPH network, given that both firms have a strong presence in the bank representative and credit union securities businesses. The NPH network includes two brokerages with a major presence in banks and credit unions, INVEST and ICA (Investment Centers Of America). NPH’s other two firms, SII and National Planning Corp., are more traditional independent firms.

LPL launched its annual conference in Boston on Sunday. Were a transaction completed, it would give LPL an advisor network of more than 17,000 reps.

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Austin Gross
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