Founded in 1968, Lincoln is a leading registered investment advisor (“RIA”) and independent broker dealer (“IBD”) with roots in the 403(b) market (tax-advantaged retirement savings plan for public education organizations). Lincoln provides investment, wealth and retirement planning services nationwide. The Company currently has approximately 400 employees and over 1,000 financial advisors in 39 states, serving over 355,000 individual investors, with over $46 billion in AUA (including ~$22 billion in fee-based assets).
NMC’s investment in Lincoln is the result of the firm’s long-standing sector initiatives in financial services / financial technology and multi-year focus on developing a thesis around wealth management. New Mountain’s investment is a non-control position through the Strategic Equity Fund.