LPL Is Buying Commonwealth for $2.7B. What Happens Next?
April 2, 2025 by Janet Levaux
Monday’s news that LPL Financial is buying Commonwealth Financial Network for $2.7 billion in cash led to a mix of reactions from financial services executives and industry watchers.
“Well, that explains the recent LPL capital raise!” said Chip Roame, head of Tiburon Strategic Advisors. “Many firms have had a desire to acquire Commonwealth.”
The deal was finalized less than a month after LPL filed a shelf registration, or S-3 form, with regulators to raise $4 billion.
Originally Posted at Think Advisor on March 31 2025 by Janet Levaux.
Categories: Industry Articles
