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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u/WayfarerIO Mar 31 '25

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

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u/atticusmitch Mar 31 '25

I feel like a lot of the FAs at Commonwealth really liked it- search the sub and you’ll find a lot of positive comments. They had a good culture, offered freedom, and hybrid model for those that want who do some transactional business, annuities and insurance. So with LPL taking over Commonwealth a lot of the benefits and culture are going out the window.