Wells Fargo recruits $1.3 billion Commonwealth team

KBK Wealth Management is the latest firm to exit the independent broker-dealer following its acquisition by LPL Financial.
InvestmentNews

Fidelity pushing RIAs to chase Commonwealth advisors

Fidelity Brokerage Services is not taking the loss of its biggest broker-dealer client, Commonwealth Financial Network and its 2,900 financial advisors, lying down. According to senior industry ...
Business Wire

Service Excellence Propels Commonwealth to Twelfth Consecutive #1 Ranking from J.D. Power for Independent Advisor Satisfaction

WALTHAM, Mass.--(BUSINESS WIRE)--Commonwealth Financial Network ®, a national RIA dedicated to providing financial advisors with holistic, integrated business solutions, ranks “#1 in Independent ...
InvestmentNews

Advisor moves: $670M Baird team bolts to RBC in Texas

Also, Wells Fargo's recruitment rolls on with a billion-dollar-plus group from Commonwealth while LPL adds an Ameriprise team ...
Seeking Alpha

LPL Financial Closes Its Acquisition of Commonwealth Financial Network

SAN DIEGO, Aug. 01, 2025 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (LPLA) (NASDAQ: LPLA), together with its subsidiaries, including LPL Financial LLC, announced the closing of its acquisition of ...
Financial Planning

Kestra, Arkadios pick up Commonwealth teams: Advisor Moves

Even in a short holiday week, the wealth management industry can manage a few notable recruiting and acquisition deals. Kestra Financial and Arkadios Capital snagged some big teams from Commonwealth ...
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First Commonwealth Financial (NYSE:FCF) Posts Q3 Sales In Line With Estimates

Regional banking company First Commonwealth Financial (NYSE:FCF) in Q3 CY2025, with sales up 12.2% year on year to $136 million. Its non-GAAP profit of $0.39 per share was 4.9% below analysts’ ...
Seeking Alpha

First Commonwealth Completes Acquisition of CenterGroup Financial, Inc.

INDIANA, Pa., May 01, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (FCF) (“First Commonwealth”) today announced that it has completed its previously announced acquisition of ...
Financial Planning

As Commonwealth deal closes, LPL CEO shrugs off advisor departures

Just a day before his firm's completed purchase of Commonwealth Financial Network, LPL CEO Rich Steinmeier said there's been nothing surprising in the small number of advisors who've decided to take ...
Financial Advisor

RJF Recruits $180M AUM Father-Son Team From Commonwealth

Raymond James has added a father-son team that managed more than $180 million at Commonwealth Financial Network to its independent advisor channel. Raymond “Ray” Croteau and his son Joseph “Joe” ...
Barron's

LPL Is Buying a Rival Firm. Now It Must Win Over Its 2,900 Advisors.

LPL is offering Commonwealth advisors retention bonuses and reassurances that service and workplace culture aren’t changing. Other firms are offering their own deals. LPL Financial’s March 31 ...
Nasdaq

First Commonwealth Financial Corporation Completes Acquisition of CenterGroup Financial, Inc.

First Commonwealth Financial Corporation has successfully completed its acquisition of CenterGroup Financial, Inc., the parent company of CenterBank in Milford, Ohio. T. Michael Price, President and ...