LPL Financial Acquires Altria Wealth Solutions, Appoints New CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 02 2024
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Source: Benzinga
LPL Financial Acquisition and Leadership Change: LPL Financial has acquired Altria Wealth Solutions, which manages $100 billion in assets, while also appointing Rich Steinmeier as interim CEO following the termination of Dan H. Arnold for violating workplace conduct policies.
Market Activity Among Finance Firms: Byline Bancorp is merging with First Security Bancorp to enhance its position in Chicago, while TowneBank is acquiring Village Bank and Trust Financial Corp in a deal expected to positively impact earnings and capital ratios.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
