LPL to acquire wealth-management firm Fortigent

01/3/2012 | InvestmentNews (free registration)

LPL Financial is expected to gain an edge over competitors with the acquisition of wealth-management company Fortigent. The acquisition is "a massive development in the industry," said Stephen Winks, an industry consultant. "This means that a highly entrepreneurial business culture will be incorporated into LPL, which has a very large, somewhat more bureaucratic organizational structure."

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