Acquiring Company
LPL Financial
Acquired Company
Commonwealth Financial Network
San DiegoWisconsinFinancial ServicesSoftwareFinanceFintechFinancial ServicesFinanceLendingDescription
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.
Who to call at LPL Financial, and when
When LPL Financial changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day LPL Financial raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired Commonwealth Financial Network?
Commonwealth Financial Network was acquired by LPL Financial, based in San Diego. The deal was reported on August 1, 2025. LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. LPL Financial is publicly traded (LPLA) and operates in Financial Services.
When did LPL Financial acquire Commonwealth Financial Network?
LPL Financial's acquisition of Commonwealth Financial Network was reported on August 1, 2025. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Commonwealth Financial Network do?
Commonwealth Financial Network is a national firm dedicated to providing financial advisors with holistic, integrated business solutions. It is privately held, operating in Financial Services, and is based in Wisconsin.
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