Mmastodon BusinessBanking first seen 3 d ago, last 3 d ago, peak #8

LPL falls short of asset retention goal in Commonwealth deal

Original: Despite missing asset goal, LPL points to silver linings in Commonwealth deal LPL Financial fell short of its goal of re

LPL Financial missed its target of retaining 90% of the assets held by Commonwealth Financial Network at the time of its acquisition. Despite the shortfall, company executives are highlighting positives from the deal, pointing to what they see as gains elsewhere in the integration. The comments come as analysts and advisers watch how the acquisition ultimately performs for the wealth management firm.

Why now: Investors and industry watchers are assessing how LPL's Commonwealth acquisition is performing after the company disclosed it missed a key asset retention goal.

LPL FinancialCommonwealth Financial Network

Open on mastodon →

Rank over time, top of the chart is #1. 3 snapshots from 3 d ago to 3 d ago.

Evidence

• Despite missing asset goal, LPL points to silver linings in Commonwealth deal LPL Financial fell short of its goal of retaining 90% of the assets Commonwealth Financial Network had at the time of its acquisition. Executives are still finding much to love about the deal.… · AlexJimenez@mas.to

API: https://socialmediatrends-api.osmike.com/v1/trends/4521411