09:56 AM EDT, 03/11/2025 (MT Newswires) -- LPL Financial Holdings ( LPLA ) said Tuesday it has completed the acquisition of the wealth business of the Investment Center, a broker-dealer and registered investment adviser based in New Jersey.

As of Tuesday, about $4 billion in brokerage and advisory assets have been transferred to its platform, LPL said, with another $3 billion expected over the next several months.

The deal adds 160 financial advisors to LPL's network, the company said.

LPL shares were up by nearly 1% in recent trading.

Price: 313.05, Change: +2.28, Percent Change: +0.73