Commonwealth Financial Network Announces Sale to LPL Financial

In The News
August 11, 2025

Ropes & Gray advised Commonwealth Financial Network, a wealth management firm supporting approximately 3,000 advisors managing $305 billion in assets, in its completed sale to LPL Financial Holdings. The completed acquisition was announced in a Aug. 1 press release.

The Ropes & Gray team included M&A partners Stephanie Lapidus and Marko Zatylny, tax partner Scott Pinarchick, asset management partners Keith MacLeod and Brynn Rail, IP transactions partner Regina Sam Penti, executive compensation & employee benefits partner Kyle Higley, antitrust partner Jonathan Klarfeld, finance partner Dan Coyne, real estate partner Sally Davis, employment partner Richard Kidd, and M&A associates Debbie Wang and Kasey Hughes.