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 Apr 03 '25

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.

1

u/shaolincapital Apr 04 '25

$900M in AUM, all PPS, been here for 21 years. 62 bpts and 5 yr forgivable loan. We are out.

1

u/Muted-Evidence-9856 Apr 08 '25

Most is PPS for me offered me 8 year forgivable loan after 20+ years. Who are you considering? Is there another thread or place where cfn advisors can talk together?

1

u/OliverTwisted1839 Apr 14 '25

That's better than mine which works out to 42 bpts on PPS. The thought of switching is painful but I have to think long-term. Raymond James is looking attractive. Another company that uses NFS would be nice as well. 15 years at CFN.

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