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LPL Stock Sinks as Commonwealth Retention Falls Short
LPL Financial shares fell 14% Wednesday, as analysts and investors digested news that LPL now expects to retain about 83% of Commonwealth Financial Network advisors' assets — below the 90% it ...
Summary as published by ThinkAdvisor
More on LPL Financial
LPL Financial hub →Citywire RIA · Oct 29, 4:05 AM ET
LPL stock slides 15% after reducing target CFN retention rateCitywire RIA · Oct 29, 2:09 AM ET
Private Advisor Group CEO shares rationale for selling stake to LPLRIABiz · Oct 29, 1:02 AM ET
LPL shares freefall more than 15% after investors aren't appeased by answers to hard-hitting questions about next act after Commonwealth, or by CEO humor during the quarterly analysts' callInvestmentNews · Oct 28, 4:20 PM ET
Advisor moves: Raymond James lands $460M father-son team from Wells Fargo
More on Commonwealth
Commonwealth hub →Financial Planning · Oct 28, 1:25 PM ET
Despite missing asset goal, LPL points to silver linings in Commonwealth deal
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