SAN DIEGO, Texas, May 9 -- LPL Financial Holdings Inc., an investment advisory firm company, issued the following news release:

LPL Financial LLC ("LPL Financial" or "LPL") announced it has closed its acquisition of the wealth management business of Crown Capital Securities, L.P. ("Crown Capital" or "Crown") a full-service broker-dealer and registered investment advisor ("RIA") headquartered in Orange County, California.