LPL Financial Acquires $815M Northwestern Mutual Team in Seattle

Deal Summary

LPL Financial announced it has acquired the Emerald Wealth Management team from Northwestern Mutual’s Private Client Group, a Seattle‑based advisory team that manages $815 million in assets. The acquisition expands LPL’s independent broker‑dealer platform and follows recent recruitment of other large wealth teams. The deal was announced on Monday, reflecting LPL’s push to grow its advisory footprint.