LPL Financial targets 90% asset retention for Commonwealth onboarding while advancing $2.4T asset base

Q4 2025 Management View CEO Richard Steinmeier highlighted a milestone year, stating, "we delivered industry-leading organic ...

LPL Financial earnings beat estimates. Client assets surge 36%.

The company’s results got a boost thanks to lower expenses and a surge in fee-based revenue.
InvestmentNews

LPL keeping Commonwealth’s bigger fish, CEO Steinmeier says.

The financial advice industry's curiosity regarding LPL's success in keeping Commonwealth advisors is feverish.
InvestmentNews

Commonwealth loses 653 advisors after LPL deal, retention stands around 77%

A new report finds 22.5% of Commonwealth’s advisors left after its sale to LPL Financial, raising questions about whether the ...

LPL Might Not Retain 90% of Commonwealth Advisors. Why That’s Not Necessarily a Problem

LPL Financial purchased Commonwealth Financial Network last year, with a retention rate goal of 90%, a target that has been ...
Financial Planning

LPL's Steinmeier sees few 'credible' rivals for Commonwealth advisors

LPL CEO Rich Steinmeier has seen the offers other firms are making to Commonwealth Financial advisors and isn't very impressed. Processing Content "To be completely frank with you, I'm not sure that ...
Financial Planning

As LPL acquisition looms, Commonwealth pulls another team from Osaic

Commonwealth Financial Network's approaching acquisition by LPL Financial isn't deterring new recruits, as evidenced by its addition of yet another substantial advisory practice. Processing Content ...