The deal will provide a significant boost to LPL, giving it Commonwealth’s approximately 2,900 financial advisors and $285 billion of brokerage and advisory assets.

SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ: LPLA) (together with its subsidiaries, including LPL Financial LLC, “LPL Financial” or “LPL”) today announced that it has commenced an underwritten public offering of $1.5 billion of its common stock.

LPL Financial Holdings, together with its subsidiaries, including LPL Financial LLC, today announced that it has entered into a definitive purchase agreement to acquire the Commonwealth Financial Network — the largest independently owned wealth management firm in the country.