Commonwealth becomes latest IBD to invest in adviser firms
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The firm is introducing an effort to buy minority stakes in the financial advisory firms that use its brokerage and RIA services.
Commonwealth Financial Network will introduce a broad effort in 2023 to buy minority stakes in the firms of financial advisers who currently use its brokerage and registered investment adviser services, joining the ranks of competitors like LPL Financial, Cetera Financial Group and Advisor Group.
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