Lovell Minnick invests in Lincoln Investment Planning

Lovell Minnick Partners has acquired a minority stake in Lincoln Investment Planning Inc. No financial terms were disclosed for the transaction that’s expected to be completed in the third quarter of this year. Moss Adams Capital served as financial advisor to Lincoln Investment on the deal while Berkshire Capital acted as financial advisor for Lovell Minnick Partners. Headquartered in Wyncote, Pennsylvania, Lincoln Investment is a provider of investment, wealth and retirement planning services.


Radnor, PA – June 18, 2015 – Lovell Minnick Partners, an independent private equity firm specializing in financial and related business services companies in the middle market, today announced it has agreed to make a 20% minority investment in Lincoln Investment Planning, Inc., a leading full-service independent broker-dealer providing investment, wealth and retirement planning services nationwide. Terms of the investment were not disclosed.

The investment will provide capital to support continued growth of Lincoln Investment, which will remain majority family-owned and operated by the current management team. Founded in 1968, Lincoln Investment is one of the nation’s fastest growing independent broker-dealers and is committed to helping clients achieve financial well-being. The company has over $24 billion in client assets including over $9 billion in assets managed by Lincoln Investment and/or its affiliate, Capital Analysts, Inc., registered investment advisors. With this investment, Lovell Minnick continues its long history of investing in successful broker-dealer related businesses.

“Lincoln Investment has an attractive market position as a leading independent broker-dealer, and they have demonstrated meaningful and consistent growth in their advisor network, bolstered by the successful acquisitions of Great American Advisors, Inc. and Capital Analysts, Incorporated” stated Jim Minnick, President and Managing Director of Lovell Minnick Partners. “The company’s management team, led by Ed Forst, is both strong and deep. We look forward to working with this leadership team to continue to build the business.”

“We have consistently expanded our market position through organic and strategic growth, and we believe there are opportunities for continued growth from the company’s core customer base and through further plan diversification,” said Ed Forst, President and Chief Executive Officer. “Over time, we have developed an excellent relationship with Lovell Minnick Partners, and we respect their knowledge of our industry and their strong track record of success in the investment business. We look forward to a successful partnership that will help us expand our network of financial advisors and our breadth of client services.”

“Lincoln Investment’s expertise in designing and delivering a wide breadth of investment strategies and services is closely aligned with Lovell Minnick’s theme of investing in sophisticated providers of investment solutions. This made it an attractive partnership that we are confident will continue to contribute to Lincoln Investment’s future successes,” added Minnick.

The transaction is expected to close in the third quarter of 2015, subject to customary regulatory reviews and approvals.

Moss Adams Capital served as financial advisors to Lincoln Investment on this transaction; Berkshire Capital served as financial advisors for Lovell Minnick Partners.

About Lincoln Investment
Lincoln Investment is a leading full-service independent broker-dealer providing investment, wealth and retirement planning services nationwide through a national network of financial advisors. Clients include corporations, school districts, universities, hospitals, other non-profits and high net worth individuals. Founded by Nick Forst almost 50 years ago and headquartered in Philadelphia, Lincoln Investment currently has more than 250 employees and over 800 financial advisors with 300 branches in 35 states. Lincoln Investment serves over 235,000 individual investors, with $24 billion in assets under administration and over $9 billion in assets under management and provides retirement plan services to employees of more than 3,000 employers nationwide. For further information, please visit

About Lovell Minnick
Lovell Minnick Partners LLC is a private equity firm with expertise in investing in the financial and related business services sectors. Lovell Minnick provides developing companies with equity capital to support private company recapitalizations, leveraged buyouts, and pursue growth initiatives. Since its inception in 1999, Lovell Minnick Partners has raised over $1.3 billion in committed capital and has completed investments in over 30 companies. Targeted investment areas include asset management, financial product distribution, insurance, banks, specialty finance, and related technology and business services. For more information, please visit