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What LPL’s Massive $2.7B Commonwealth Deal Means for Advisors

Summary by thedailyupside.com
LPL Financial is known for big deals. They may have outdone themselves this time. The largest independent broker-dealer in the US announced Monday that it will acquire Commonwealth Financial Network in a $2.7 billion all-cash deal, marking one of its biggest acquisitions ever in an increasingly competitive independent broker-dealer industry. The purchase, expected to close in the second half of this year, will add roughly 2,900 independent advis…

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What LPL’s Massive $2.7B Commonwealth Deal Means for Advisors

LPL Financial is known for big deals. They may have outdone themselves this time. The largest independent broker-dealer in the US announced Monday that it will acquire Commonwealth Financial Network in a $2.7 billion all-cash deal, marking one of its biggest acquisitions ever in an increasingly competitive independent broker-dealer industry. The purchase, expected to close in the second half of this year, will add roughly 2,900 independent advis…

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csimarket.comcsimarket.com

#LPL Financial Reinforces Market Leadership with Acquisition of Commonwealth Financial Network and New Advisor Addition,

LPL Financial to Acquire Commonwealth Financial Network: A Strategic Move in the Wealth Management Sector On March 31, 2025, LPL Financial Holdings Inc. (NASDAQ: LPLA), a prominent player in the financial services landscape, announced that it has entered into a definitive purchase agreement to acquire Commonwealth Financial Network. This acquisition marks a significant milestone, as Commonwealth is recognized as the largest independently owned w…

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stocktitan.netstocktitan.net

LPL Financial's Massive $1.5B Stock Sale Powers Commonwealth Takeover Strategy

Strategic stock offering of 4.7M shares fuels LPL's expansion plans. Proceeds target Commonwealth acquisition, strengthening $1.7T advisory business. Full details inside.

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Financial PlanningFinancial Planning

LPL to pay $2.7 billion for Commonwealth Financial

The acquisition will bring LPL as much as $285 billion in AUM and 2,900 advisors when it closes in the second half of the year.

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wealthmanagement.comwealthmanagement.com

LPL Financial Acquires Commonwealth Financial Network

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 about 30,000 financial advisors nationally, overseeing nearly $2 trillion in client assets.

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wealthmanagement.com broke the news in on Monday, March 31, 2025.
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