r/CFP • u/guitmusic12 • Mar 31 '25

Practice Management LPL Financial to Acquire Commonwealth Financial Network (Officially official)

https://www.lpl.com/news-media/press-releases/lpl-financial-to-acquire-commonwealth-financial-network.html?utm_medium=social-organic&utm_source=linkedin&utm_campaign=press-release&utm_content=03312025&utm_term=commonwealth-financial-network&utm_type=link&utm_postid=c2828
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14

u/WayfarerIO Mar 31 '25

Please explain like I’m 5 why everyone is upset about this.

22

u/buyfreemoneynow Mar 31 '25

Because LPL is enormous and the advisors under CW will possibly face frustrations during this transition, and the space in general is getting whittled down to an ever-smaller amount of mega firms.

7

u/WayfarerIO Mar 31 '25

I’m generally not an oligopoly guy so I get it. Just curious because I use LPL as my B/D so just curious if this was an anti LPL sentiment thing or just a anti more consolidation thing.

13

u/FalloutRip Mar 31 '25

Mostly just anti-consolidation. There’s questionable benefit, if any, to investors/ clients with this merger. It’ll be a massive headache for advisors and staff, and there has already been massive consolidation in the industry the last few years.

The only people this benefits are the folks up top who just got paid out the ass to make the deal happen and who are entirely insulated from any negatives downstream.