LPL Financial Closes Its Acquisition of Commonwealth Financial Network
1. LPL Financial closed its acquisition of Commonwealth Financial Network. 2. Commonwealth brings 3,000 advisors managing $305 billion in assets. 3. Commonwealth CEO Wayne Bloom joins LPL's management committee. 4. Acquisition aims to enhance advisor services and capabilities. 5. Retention target set at 90%, onboarding to complete by Q4 2026.