LPL Seen As Front-Runner To Buy National Planning Holdings’ B-D Network
July 30, 2017 | FA-mag.com
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.
