LPL Financial Holdings Inc. added Oak Bridge Financial, LLC to its broker‑dealer and registered investment advisor platform, bringing approximately $230 million in advisory, brokerage and retirement plan assets and a team of seasoned advisors to LPL’s network of more than 32,000 professionals.
Oak Bridge, founded in 2007 and headquartered in Houston, serves a nationwide client base of high‑net‑worth professionals—including physicians, attorneys, athletes and entrepreneurs—whose advisors bring diverse backgrounds in real estate, computer science, banking and engineering. The firm was previously affiliated with Ameriprise before joining LPL, and it will retain full ownership of its client relationships, data and business processes while accessing LPL’s robust infrastructure and open‑architecture technology tools.
LPL’s strategy of acquiring mid‑sized firms is driven by industry consolidation and a focus on technology. By integrating Oak Bridge, LPL expands its advisor base, deepens its service offering, and strengthens its position in a market where declining margins and rising technology costs are prompting consolidation. The deal also aligns with LPL’s commitment to providing advisors with operational flexibility and advanced technology, a key factor that attracted Oak Bridge to the platform.
Scott Posner, LPL’s managing director of business development, welcomed the addition, saying, “LPL is committed to delivering innovative technology and comprehensive business solutions to help advisors differentiate their practices and increase value for their clients.”
The acquisition positions LPL to capture a broader segment of high‑net‑worth clients and to leverage its technology investments to support advisor growth. While the financial terms of the transaction were not disclosed, the move underscores LPL’s aggressive expansion strategy and its intent to remain a leading platform in a consolidating wealth‑management landscape.
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