WM Breaking News
 
Wealth Management Breaking News

MARCH 31, 2025

IBD NEWS

LPL Financial to Buy Commonwealth Financial for $2.7B

The independent broker/dealer known for its small, boutique culture will be absorbed into the largest IBD in the United States. If most Commonwealth advisors remain, the firm will serve over 30,000 financial advisors nationally, overseeing nearly $2 trillion in client assets.

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PODCAST

The Diamond Podcast for Financial Advisors: What LPL's Acquisition of Commonwealth Means

Louis Diamond discusses LPL’s rationale for making the deal, how the two firm's cultures will blend, the prospect of retaining Commonwealth advisors and more.

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