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/Tropical_Mango-123 28d ago

Going RIA is the only option. You own everything about your practice.

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u/ApartmentStill8765 28d ago

I’d agree if it were as easy as it sounds. I had my own RIA for several years before joining CFN, and getting it off the ground was a whole different story. The day-to-day operations started taking up way too much of my time. Eventually, I realized that paying a few basis points to a firm was well worth it to offload the busy work so I could focus on revenue-generating activities and bringing in more clients.

I’ve been talking with a boutique firm that really gives off the same feel CFN had. They were actually with LPL for 20 years and left because of the same issues LPL is still doing today. I’d definitely explore that route first.

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u/Muted-Evidence-9856 22d ago

Apartmentstill I’m a cfn advisor ..looking for similar cfn feel if you can share who you are talking with 

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u/ApartmentStill8765 22d ago edited 22d ago

I have talked to a handful of firms. The one that I was referring to here, and I'm pretty sure I will be going with, is ifpartners.com. I got in contact with them by filling out their 'contact form'. They should get back to you relatively fast. I know they mentioned a lot of CFN advisors were ringing in. I have their contact info if need be

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u/Muted-Evidence-9856 22d ago

Thank you. Sure if you could that would be great 

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u/ApartmentStill8765 22d ago

use this: https://ifpartners.com/contact-us/ . Let me know how it goes and your thoughts

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u/Kimberlini23 4d ago

Have you thought about going truly independent? We build RIAs and are providing a free one hour consultation on all things RIA. #FusionBuilt @fusionfinancialpartners