LPL Investment Holdings’ hunger to grow makes it a likely buyer of Investors Capital Holdings Ltd., a publicly traded independent broker-dealer that offered itself up for sale this month, analysts say. “You can be certain LPL has looked,” Charles Roame, Managing Principal of Tiburon Strategic Advisors, told Financial Planning.

LPL, already the industry’s largest broker dealer, has said that it would like to add 400 advisers per year, and buying Investors Capital, which offers 566 advisers, would serve that end. LPL has made five acquisitions in the last seven years, bringing its total affiliated representatives up to 12,000. The company has been growing organically at a fast clip as well.

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