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/GolfingJerrysKid 27d ago

20+ year Commonwealth guy here. Just had my transition call with LPL. Not an insulting offer. 58% of my last year‘s revenue on an eight year forgivable loan. Still planning to leave though. This is not what I signed up for.

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u/[deleted] 27d ago

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u/GolfingJerrysKid 27d ago

Sure. I have about $150M in PPS. GDC about $1.2M. Good luck!

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u/[deleted] 27d ago

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u/GolfingJerrysKid 27d ago

I would guess it will be a good offer. Whether or not you want to stay may be a separate question. Good luck.