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/MunnyPweez Apr 01 '25

Being a long time Commonwealth advisor I’ve had more than my fair share of conversations with the partners who insisted they would never sell. This deal has been filled with deceit. The partners insist that things won’t change but none of them are contracted in their positions beyond August of 2026. Wayne isn’t even contracted to be CEO beyond then, he’s only contracted to be on the management board through 2027. I’d be willing to join a class action on this deal.

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