LPL Financial completed the acquisition of Commonwealth Financial Network.

LPL Financial, a provider of investment solutions and tools for independent financial advisors, completed the acquisition of Commonwealth Financial Network, a wealth management firm, for $2.7bn. “Advisor success is woven into every aspect of the Commonwealth business, and we’re proud to welcome an incredible community of Advisors and the talented team at Commonwealth. Since its founding by Joe Deitch 46 years ago, Commonwealth has created a distinctive culture that prioritizes premium service. With Commonwealth joining LPL, we’re creating the best-in-class firm for financial Advisors through customized experiences and a breadth of wealth management solutions that enable Advisors to achieve sustainable success,” Rich Steinmeier, LPL Financial CEO.