$2.7B Shake-Up: LPL Swallows Commonwealth
Legacy Builders
On August 1, 2025, LPL Financial finalized its $2.7 billion acquisition of Commonwealth Financial Network — a landmark consolidation in the wealth management industry. In this episode, we explore what this deal means for advisors, clients, and the future of independent broker-dealers.
Topics include:
LPL’s strategy to leverage scale, technology, and capital.
Commonwealth’s advisor-centric culture and why many fear its dilution.
The impact on advisors nearing retirement, succession planning, and valuations.
What this acquisition signals about broader consolidation trends in wealth management.
Whether you’re an advisor navigating transition or simply tracking industry shifts, this episode offers insights into one of the most influential deals shaping the future of financial advice.
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