Why Fidelity Likely Will Take a Hit From LPL Financial’s Big Deal
LPL plans to acquire Commonwealth Financial Network, a wealth management company with $285 billion in assets that relies on ...
InvestmentNews2d
LPL purchase of Commonwealth started with CEO's email
Rich Steinmeier, CEO of LPL Financial Holdings Inc., first reached out to Joe Deitch, owner and chairman of Commonwealth ...
LPL Financial price target lowered to $422 from $442 at BofA
BofA lowered the firm’s price target on LPL Financial (LPLA) to $422 from $442 and keeps a Buy rating on the shares. If the equity market ...
LPL Financial to Buy Commonwealth for $2.7 Billion
The deal will provide a significant boost to LPL, giving it Commonwealth’s approximately 2,900 financial advisors and $285 ...
InvestmentNews3d
LPL to buy rival Commonwealth Financial Network for $2.7 billion in all-cash deal
The two former competitors for decades have fought over teams of financial advisors looking for a new place to work.
LPL Financial: Positioned To Accelerate Market Expansion Through Commonwealth Acquisition
LPL Financial has outperformed the financial sector and broader market, driven by favorable regulatory conditions and ...
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LPL Financial (LPLA) Receives a Rating Update from a Top Analyst
In a report released yesterday, Craig Siegenthaler from Bank of America Securities maintained a Buy rating on LPL Financial (LPLA – Research ...
Financial Advisor IQ1d
‘Cultural Risk,’ Retention Costs to Accompany LPL’s Big Deal for Commonwealth
As it happens, Steinmeier's statement was literal: LPL on Monday announced that it had reached a deal to acquire Commonwealth, which has about 2,900 advisors and around $285 billion in brokerage and ...
Financial Planning22h
LPL advisor pushes to keep Ameriprise recruiting dispute out of arbitration
Michael Bonevento and his team left Ameriprise in 2019 to join LPL Financial. He says too much time has elapsed for him to now be accused of misappropriating client information.