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SAN DIEGO — XCU Capital Corp., the credit union-owned broker dealer that served more than 30 credit unions, was quietly bought in August 2007 by LPL Financial Corp, an independent broker-dealer considered to be the largest of its kind in the country with more than 800 clients and $235 billion in assets under management.

According to SEC company filings, LPL Holdings, Inc., a wholly-owned subsidiary of LPL Investment Holdings Inc., entered into an institutional transfer agreement with XCU Capital on Aug. 9, 2007 to transfer and assign existing institutional relationships for a price of $3.62 million.

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