Seward & Kissel Represents The Investment Center in Connection with its Acquisition by LPL Financial

September 5, 2024

Seward & Kissel’s Business Transactions Group Focusing on the Middle Market

On September 4, 2024, LPL Financial LLC (NASDAQ: LPLA) (“LPL Financial” or “LPL”) announced that the firm has entered into a definitive agreement to acquire The Investment Center, Inc. (“The Investment Center”), a broker-dealer and registered investment adviser based in Bedminster, N.J. Seward & Kissel is pleased to have represented The Investment Center in connection with this investment management and brokerage industry transaction.

The Investment Center, Inc. is an independent broker-dealer founded in 1986 with the purpose of providing back-office support services, investment tools, technology, and a broad selection of non-proprietary products to a network of more than 240 independent financial advisors in offices across the nation. Headquartered in San Diego, CA, LPL Financial Holdings Inc. was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets they serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”

The company’s press release describing this transaction is available here.

Seward & Kissel Represents The Investment Center in Connection with its Acquisition by LPL Financial

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