Lpl financial closes its acquisition of commonwealth financial network

San diego, aug. 01, 2025 (globe newswire) -- lpl financial holdings inc. (nasdaq: lpla), together with its subsidiaries, including lpl financial llc, announced the closing of its acquisition of commonwealth financial network (“commonwealth”), a wealth management firm supporting approximately 3,000* advisors managing $305 billion in assets. “advisor success is woven into every aspect of the commonwealth business, and we're proud to welcome an incredible community of advisors and the talented team at commonwealth,” said rich steinmeier, lpl financial chief executive officer.
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