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LPL Retains 80% of Commonwealth Assets to Date
Yahoo Financeยท 2025-10-30 23:04
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 ...