MORRISTOWN, N.J., Nov. 2, 2016 /PRNewswire/ -- Private Advisor Group, a 10+B Registered Investment Advisor and LPL Financial's largest enterprise1 announced today they have entered into a strategic relationship with BizEquity, the world's leading online provider of business valuation and performance big data.
As part of this relationship PAG will provide its 600+ network of independent financial advisors with access to BizEquity's online business valuation software solution. This solution, coupled with custom marketing materials, will be leveraged by PAG advisors to help them grow their client base with local business owner clients. The technology will also enable the advisors to harness its sophisticated big data knowledge to get real-time insight into the fundamental question about their own business; what is it worth?
Over 10 million businesses are expected to change ownership over the next 10 years. Many business owners plan their retirement based on the sale of their company, business valuation knowledge is a necessary service that can now easily be offered by the PAG financial advisors.
Abby Salameh, Chief Marketing Officer of Private Advisor Group, commented:
"At PAG we are constantly looking at solutions that can help our advisors grow their practices and uncover new business. BizEquity has become the leader in the online business valuation market. Not only will our advisors benefit from the ability to value their own practice, but the solution provides them with an additional service to offer their existing business owner clients-- and a conversation starter with local business owners that are potential clients."
Mike Carter, CEO of BizEquity, commented:
"Private Advisor Group is at the forefront of supporting independent advisors' business. They are showing their continued thought leadership by establishing this program for their advisors. We are honoured to be chosen as their provider for online business valuation knowledge."
About Private Advisor Group
Private Advisor Group (PAG) is a hybrid solution that supports independent financial advisors throughout the U.S., providing superior customer service, in-depth risk management and forward-thinking solutions. Advisors are supported by the industry's largest independent broker-dealer – enabling them to efficiently run their businesses and stay focused on serving their clients' needs. Private Advisor Group is based in Morristown, N.J., and, as reported by PAG, serves more than 600 financial advisors and serves $10B in assets, as of June. 30, 2016. For more information, please visit www.privateadvisorgroup.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is a leader in the retail financial advice market and currently serves more than $462 billion in advisory and brokerage assets. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2015). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also service an estimated 40,000 retirement plans with an estimated $115 billion in retirement plan assets, as of September 30, 2015. LPL also supports more than 4,000 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have approximately 3,400 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
Investment advice offered through Private Advisor Group, a registered investment advisor.
Founded in 2010, BizEquity is the world's first and leading online provider of business valuation knowledge and big data and has valued over 33.1 million businesses to date. Headquartered in Bryn Mawr, Pennsylvania, but with global market leadership, BizEquity has offices in Singapore and Canary Wharf in London. BizEquity has over 160 financial institutions distributing its patented service offering. BizEquity's vision is to value every private business in the world and in the process democratize business valuation and performance knowledge for all businesses and financial institutions. For more information, please visit: www.bizequity.com.
1 Financial Planning Magazine 2015
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SOURCE Private Advisor Group