LPL Financial has held preliminary discussions to acquire Commonwealth Financial Network. If finalized, this deal would combine two of the largest firms in the independent wealth management sector. This transaction is still in the discussion phase and has not been confirmed.
Based in Massachusetts, Commonwealth oversees more than $344 billion in total assets, alongside more than 2,300 advisers.
LPL Financial, a San Diego–based firm, oversees more than $1.8 trillion in advisory and brokerage assets for its 29,000 advisers.
In October 2024, LPL Financial acquired Atria Wealth Solutions, a wealth management solutions company in New York City.
