LPL Financial ( (LPLA) ) just unveiled an update.
On March 28, 2025, LPL Financial Holdings Inc. announced its agreement to acquire Commonwealth Financial Network for $2.7 billion in cash. This acquisition, expected to close in the second half of 2025, will integrate Commonwealth’s 2,900 independent advisors managing $285 billion in assets into LPL’s network. The move aims to enhance LPL’s service offerings and expand its market presence in the wealth management industry. Commonwealth’s CEO will join LPL’s Management Committee, and the company will retain its brand while benefiting from LPL’s scale and resources.
More about LPL Financial
LPL Financial Holdings Inc. is among the fastest growing wealth management firms in the U.S., providing a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services. The company supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing approximately $1.7 trillion in brokerage and advisory assets.
YTD Price Performance: 3.28%
Average Trading Volume: 764,610
Technical Sentiment Signal: Sell
Current Market Cap: $25.13B
For a thorough assessment of LPLA stock, go to TipRanks’ Stock Analysis page.