- Various executive appointments and past employment details were reported for companies including Cetera Financial Group, Wealth.com, LPL Financial, and Morgan Stanley.
- LPL Financial is acquiring Commonwealth advisors while facing competition from Osaic and recruitment efforts from Raymond James.
Commonwealth Financial Network sold to LPL. Kestra Financial was hired by LPL and recruited from Commonwealth and Raymond James.
1 report, 1 independent
Updated Jul 8
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What happened
Commonwealth Financial Network sold to LPL. Kestra Financial was hired by LPL and recruited from Commonwealth and Raymond James.
Who's involved
What this event is mainly aboutKeep exploring
Part of
LPL Financial is acquiring Commonwealth advisors while facing competition from Osaic and recruitment efforts from Raymond James.Also in this story
- LPL Financial is gaining clients from competitors while operating under the backdrop of FED rate hikes.
- LPL Financial filed claims against former Raymond James advisors, including advisor Robertson.
- Midwest Financial Group and &Partners moved former Commonwealth advisors to Osaic and other firms.
- Osaic provided investment resources to Millenia, while LPL joined Millenia, and Cetera recruited from Commonwealth.
The entities involved
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Commonwealth Financial Network
American investment advisor firm
Nothing else this week.