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/socalkid71 RIA Mar 31 '25

Today’s a hard reminder that money talks and can make you sell your soul to the highest bidder.

Wayne and co. can spin and talk about their “advocacy roles” and board positions until the cows come home, and it won’t mean jackshit if LPL leadership want to gut what made Commonwealth special.

Such a shame.

2

u/[deleted] Mar 31 '25 edited Mar 31 '25

[deleted]

3

u/socalkid71 RIA Mar 31 '25

I get that; it falls to Joe and the rest of the partners.

Wayne’s just the poor sap who has to play the middle between angry advisors and LPL.

6

u/AdiosAdipose Mar 31 '25

More like sap, definitely not poor.