The Diamond Podcast for Financial Advisors: What LPL's Acquisition of Commonwealth Means

Published on March 31, 2025

Louis Diamond discusses LPL’s rationale for making the deal, how the two firm's cultures will blend, the prospect of retaining Commonwealth advisors and more.

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LPL Financial to Buy Commonwealth Financial for $2.7B

March 31, 2025
The independent broker/dealer known for its small, boutique culture will be absorbed into the largest IBD in the United States. If most Commonwealth advisors remain, the firm will serve over 30,000 financial advisors nationally, overseeing nearly $2 trillion in client assets.

US Department of Labor appoints Julia Pollak as Chief Economist

March 31, 2025
WASHINGTON – The U.S. Department of Labor today announced the appointment of Julia Pollak as Chief Economist. In this role, she will lead the department’s economic research and provide analysis on labor-related policies and programs.“I am honored to serve this administration and contribute to the Department of Labor’s mission,” said Pollak. “In this pivotal moment for the American workforce, I loo