Why This Commonwealth Team Decided to Move to Osaic

Core Insights - LPL's acquisition of Commonwealth for $2.7 billion has triggered a recruitment surge, with many advisors opting for alternatives like Osaic despite LPL's resources [1][4] - Advisors from Commonwealth express concerns about LPL's culture and the potential loss of personal touch, indicating that size does not guarantee preference among advisors [1][3] Group 1: Advisor Sentiment - Advisors from Commonwealth are prioritizing minimal disruption and high-quality service, as highlighted by Thomas Hinck's emphasis on quick responses over impersonal service [2] - Concerns about LPL's size and its impact on culture are prevalent among Commonwealth advisors, with fears that the personal touch may diminish over time [3] Group 2: Transition Dynamics - LPL asserts its commitment to maintaining Commonwealth's culture and providing a seamless transition experience for advisors, emphasizing a frictionless, paperless conversion process [4] - Several former Commonwealth firms have already transitioned to Osaic, indicating a trend of advisors seeking alternatives post-acquisition [4]