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LPL Losing Nearly $1B in Commonwealth Assets to Rival B/Ds
LPL FinancialLPL Financial(US:LPLA) Yahoo Finance·2025-10-30 18:00

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Nearly 1billioninassetsaresettoleaveCommonwealthFinancialNetworkforotherbroker/dealers,accordingtocompanyannouncementsmadethisweek.ThemovescomeaheadofCommonwealthownerLPLFinancial’searningsreportonThursday,duringwhichanalystswillnodoubtbelisteningforanupdateonadvisorattritionsinceLPL’s1 billion in assets are set to leave Commonwealth Financial Network for other broker/dealers, according to company announcements made this week. The moves come ahead of Commonwealth owner LPL Financial’s earnings report on Thursday, during which analysts will no doubt be listening for an update on advisor attrition since LPL’s 2.7 billion cash deal for Commonwealth closed on Aug. 1. LPL ...