LPL to Buy Commonwealth Financial for $2.7B, Forming $2T Broker-Dealer

Published on March 31, 2025

The all-cash deal creates an independent broker-dealer with up to 31,788 advisors.

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Do Trade Deficits Matter?

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Financial market news has seemingly become all tariffs, all the time. The president’s plan, whatever it is, seems to spring from his belief that trade deficits are bad and must be eliminated. Tariffs are just a means to that end.

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