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0.000140289838807007 0.00026655069373317 0.00203420266270104 0.00103814480717163 -0.000294608661494699 0.00265989534378019 0.00180973892060993 -0.00192197079165557
Stock impact report

Merchant Takes Minority Stake in Florida-Based Broker/Dealer, RIA [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
Merchant Investment Management, a New York-based private partnership that provides growth capital and other support to independent financial services firms, has made a minority investment in Las Olas Capital Advisors, a Fort Lauderdale, Fla.-based broker/dealer and registered investment advisor.  Las Olas' RIA had nearly $387 million in assets under management, according to its most recent Form ADV. The firm has also operated its own broker/dealer since 2018, when their previous b/d, Capital Guardian, was expelled from FINRA for failing to pay fines.  Las Olas was founded in 2015 by husband and wife Jodi and Paul Tanner, who owned the firm through their parent company, Doris Investments. Paul broke away from UBS the year the firm was established.  Separately, Merchant also disclosed a previous minority stake in Kathmere Capital Management, an RIA outside Philadelphia. Merchant made the investment in 2024, according to an announcement, and Kathmere has grown from $1.8 billion to Show less Read more
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