LPL Financial Announces Intent to Acquire Concord Capital Partners (LPLA)

LPL Financial LLC, the nation's largest independent broker-dealer* and wholly owned subsidiary of LPL Investment Holdings Inc.

, today announced the intent of its parent company to acquire Concord Capital Partners and certain of its subsidiaries.   Concord Wealth Management is an industry leader in providing technology and open architecture investment management solutions for trust groups of financial institutions. Based in Matawan, New Jersey, Concord has over $10 billion in assets under administration.