LPL Financial closes acquisition of Commonwealth Financial Network; advisors managing $305B in assets join

LPL Financial Holdings Inc.

LPL closed acquisition of Commonwealth, adding ~3,000 advisors and $305B in assets.
Commonwealth CEO Wayne Bloom joins LPL management committee, retains CEO role at Commonwealth.
LPL reaffirms 90% advisor retention target; onboarding to Commonwealth platform expected by Q4 2026.
Commonwealth ranked #1 in Independent Advisor Satisfaction by J.D. Power for 12th consecutive year.

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