LPL to Add on National Retirement Partners

LPL Financial has agreed to acquire certain assets of National Retirement Partners, a provider of retirement plan and wealth management services. NRP is being advised financially by Grail Partners and legally by Latham & Watkins on the deal, while LPL is receiving legal counsel from K&L Gates. LPL, which has been backed by TPG Capital, Hellman & Friedman, TCW/Crescent Mezzanine and The Carlyle Group since a $1.5 billion LBO in 2005, filed for a $600 million IPO last month.