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LPL Financial acquires Commonwealth Financial Network

Aug 01, 2025•5 months ago

Acquiring Company

LPL Financial Holdings

Acquired Company

Commonwealth Financial Network

WisconsinSoftwareLendingFinanceFinancial Services

Description

LPL Financial Holdings Inc. has completed the acquisition of Commonwealth Financial Network, enhancing its wealth management capabilities. Commonwealth will continue to operate under its brand while benefiting from LPL's technology and resources. CEO Wayne Bloom will join LPL's management committee to oversee the integration. The acquisition aims to improve advisor services and retention rates.

Company Information

Company

LPL Financial Holdings

Location

N Fm 620 Building C

About

LPL Financial Holdings Inc. is a leading investment and wealth management company with a focus on supporting independent financial advisors and institutions. As a publicly traded company listed on NASDAQ (LPLA), LPL Financial offers a range of services to optimize the success of financial advisors and institutions, including capabilities, technology, and comprehensive support.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed