LPL Investment Holdings has closed its acquisition of Fortigent, which the independent broker-dealer announced in January.

Rockville, Md.-based Fortigent has its roots in investment consulting, wealth management and performance-reporting solutions for family offices. It had evolved over the years into a firm that provides fully integrated research, reporting and practice management solutions for banks, trust companies and independent advisory firms.

“This combination of out companies truly extends our reach in the high-net-worth marketplace, and offers both companies the opportunity to leverage our very distinct areas of expertise,” Robert Moore, president, COO and CFO of LPL Financial said in a statement.

Fortigent will operate as an independent subsidiary of LPL Investment Holdings and a sister company of LPL Financial. Andrew Putterman, Fortigent’s president and CEO, will continue to oversee the existing brand and team, which will remain intact.

“When we started the conversation with Robert and Mark, it was very clear that keeping Fortigent as an independent body was the best way to garner high-net-worth assets,” Putterman said in a previous interview when the agreeent was first announced.

Now that the deal is final, Fortigent can enhance its offerings to advisors, according to Putterman. “These resources and experience give Fortigent a larger foundation for driving innovation and delivering the enhancements that will expand the ways in which we can fuel advisors’ success,” Putterman said in a statement.

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