Republic Capital Group, a prominent investment bank specializing in advisory services for wealth and asset management firms, has announced its role as the investment banking advisor to Private Advisor Group. This follows a significant minority investment by LPL Financial Holdings Inc., marking a pivotal moment in their nearly thirty-year partnership. The transaction was confirmed on November 20, 2025, and highlights a commitment to enhancing the strategic relationship between the two organizations.
With approximately $41.3 billion in assets under management (AUM) as of June 30, 2025, Private Advisor Group aims to leverage this new investment to drive advisor growth and operational excellence. The inclusion of LPL as a minority owner, alongside Merchant Investment Management and six legacy shareholders, diversifies the ownership structure, thereby reinforcing the firm’s stability and capacity to cater to the evolving needs of its advisors and clients.
Strengthening Strategic Ties
The collaboration between Private Advisor Group and LPL Financial is set to expand resources and programs in critical areas such as practice management, business continuity, and succession planning. These initiatives are designed to empower financial advisors in building resilient and sustainable practices. Adam Schorr, Chief Financial Officer at Private Advisor Group, praised Republic Capital Group for its strong due diligence and disciplined approach, stating, “Their guidance aligns well with our philosophy of making informed, well-supported decisions on behalf of the advisors we serve.”
John Langston, Founder and CEO of Republic Capital Group, expressed his enthusiasm for the new phase of collaboration. He remarked, “Congratulations to the Private Advisor Group leadership team on achieving this significant event with LPL! This alignment positions both firms to achieve much more in the days ahead.” Blake Cargill, Partner and Managing Director at Republic, added, “It has been an honor to have served as advisors to Private Advisor Group to achieve this successful outcome with LPL. This is a milestone event in the industry, and we look forward to seeing their continued success with this partnership.”
Investment in Growth and Innovation
In recent years, especially since partnering with Merchant in 2021, Private Advisor Group has made substantial investments in technology and talent. These enhancements reflect the firm’s commitment to an advisor-first philosophy, creating a robust platform tailored for financial advisors who seek growth and longevity in their practices.
Despite the changes, Private Advisor Group will maintain its independence and continue to operate under its established brand. The firm plans to utilize the complementary strengths of both LPL and Merchant to unlock future opportunities and further support its advisor community.
As the financial services landscape continues to evolve, the alliance between Private Advisor Group and LPL Financial stands as a testament to the importance of strategic partnerships in fostering innovation and growth in the industry. Republic Capital Group’s advisory role underscores its dedication to facilitating meaningful transactions that shape the future of wealth management.
