LPL Retains 80% of Commonwealth Assets to Date

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. LPL Financial closed on its acquisition of Commonwealth Financial Network, the Waltham, Mass.-based independent broker/dealer with 3,000 advisors and $305 billion in assets, in August. Since then, many Commonwealth advisors have decamped for other broker/dealers, including $1 billion in assets that left this week.   However, on a third-quarter earnings call on Thursday, CEO Rich Steinmeier ...