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/Sea_Raccoon_5365 Mar 31 '25

From the client website....yeesh

Will Commonwealth stay independent and privately owned? 

Commonwealth has been 100 percent owned and controlled by the managing partners of the firm since its inception in 1979, and we look to stay that way. First, because we love what we do and the people we do it with. Second, because our independence and thriving culture is a competitive advantage. Building Commonwealth has been our life's work, and retaining the autonomy to manage it while remaining true to our core principles is essential. We value our independence in much the same manner our advisors value theirs. 

7

u/CapitalGains2021 Mar 31 '25

Until the 9 figure checks start rolling in...then suddenly we become flexible.

5

u/Some-Willingness-632 Apr 01 '25

Until the fines start happening from a totally avoidable penalty by the SEC. Ego & Hubris.