A Boston-based broker-dealer intends to acquire Florida’s Allen & Co., which employs approximately 50 advisors and has $3 billion in client assets.

LPL Financial and Allen & Co., based in Lakeland, signed a purchase agreement on May 17; the transaction is anticipated to close by the end of the year. Under the agreement, LPL (NASDAQ: LPLA) will integrate Allen & Co. advisors and staff as employees under the new name.

LPL is one of the largest public companies in Massachusetts, according to Boston…

Boston Biz Journal https://www.bizjournals.com/boston/news/2019/05/23/boston-based-lpl-financial-to-acquire-florida.html?ana=RSS&s=article_search