LPL Financial said Monday that it completed its acquisition of National Planning Holdings' broker-dealer assets. It announced the deal in August.
The independent broker-dealer also provided details on the second wave of advisors and teams joining it. The first wave came on board in December.
There are nine groups moving from INVEST Financial and SII Investments with between $500 million and $999 million of client brokerage and advisory assets and five groups with $1 billion or more in early 2018.
Thus, the second wave includes teams with a range of at least $5.5 billion and perhaps over $10 billion in assets.
"On behalf of all of us at LPL, we warmly welcome these firms to the LPL family … ," said Bill Morrissey, head of Business Development, in a statement. "We extend our thanks to each new advisor for giving us the opportunity to serve their business."