LPL Financial (LPLA) said Monday it reached an agreement with First Horizon's (FHN) First Horizon Bank unit to transition its broker-dealer and investment advisory services, First Horizon Advisors, to LPL's platform.
Financial terms of the deal were not provided.
The company said the partnership involves around 110 financial advisors managing about $16 billion in client assets across 12 states.
The transition is expected to be completed in H2, pending regulatory approval, LPL said.
Price: 268.90, Change: -14.41, Percent Change: -5.09
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。