03.31.25

LPL Financial To Acquire Commonwealth for $2.7 Billion

by: Andrew Welsch

LPL Financial said it would acquire Commonwealth Financial Network, a privately owned wealth management company with approximately 2,900 financial advisors, for $2.7 billion. The deal, expected to close in the second half of the year, is one of LPL’s largest acquisitions and will push LPL’s advisor head count above 30,000. Commonwealth has $285 billion of brokerage and advisory assets. LPL has approximately $1.7 trillion.

Read the full article on Barron's