Agreements from LPL Financial and Betterment top a host of merger and acquisition activity that has jumped since the start of ...

Kestra and Cetera have joined Raymond James in their pursuit of Commonwealth advisors, while Fidelity is also pushing RIAs to ...

LPL is offering Commonwealth advisors retention bonuses and reassurances that service and workplace culture aren’t changing.

“LPL Financial” or “LPL”) today announced that it has entered into a definitive purchase agreement to acquire Commonwealth Financial Network (“Commonwealth”), the largest independently ...

LPL Financial said it would acquire Commonwealth Financial Network, a privately owned wealth management company with approximately 2,900 financial advisors, for approximately $2.7 billion in cash.

The deal will provide a significant boost to LPL, giving it Commonwealth’s approximately 2,900 financial advisors and $285 billion of brokerage and advisory assets.

Goldman Sachs & Co. LLC is acting as exclusive financial advisor to Commonwealth, with Ropes & Gray LLP serving as Commonwealth’s legal counsel. Commonwealth Financial Network, Member FINRA/SIPC ...

The executives said that one RIA focused on Commonwealth’s financial advisors is Concurrent Investment Advisors, with $9.9 ...