Commonwealth Acquires Angelo Planning Group | LPL Deal Close
- Commonwealth Financial Network, a major player in the financial advisory space, has added Angelo Planning Group (APG) to its network.
- The announcement coincides with LPL Financial's pending $2.7 billion acquisition of Commonwealth.
- Angelo emphasized that joining Commonwealth, with the future transition to LPL's platform, supports the team's focus on continuity and operational stability.
Angelo Planning Group, managing approximately $1.5 billion in assets, is now part of commonwealth Financial Network. This meaningful move positions Commonwealth for further growth, and it unfolds as LPL Financial prepares to acquire Commonwealth. Founder Ralph Angelo highlights Commonwealth’s technology and compliance as crucial factors in this strategic decision, ensuring a smooth transition for over 7,000 client accounts. This acquisition is a major win for LPL, adding nearly 2,900 financial advisors. The integration of Commonwealth by LPL is on the horizon. This financial news is brought to you by News Directory 3. Clients and advisors will be watching as the details of the deal are finalized later this year. Discover what’s next for these key players in the financial advisory landscape.
Angelo Planning Group Joins Commonwealth Amid LPL Acquisition
Updated June 16, 2025
Commonwealth Financial Network, a major player in the financial advisory space, has added Angelo Planning Group (APG) to its network. The Rochester, N.Y.-based firm, formerly with Osaic, brings approximately $1.5 billion in client assets under supervision. This addition of Angelo Planning Group marks one of the largest in Commonwealth’s 45-year history.
The announcement coincides with LPL Financial’s pending $2.7 billion acquisition of Commonwealth. Ralph Angelo, founder of APG, said the team supports the move, citing LPL’s reputation as a reliable, long-term partner. The acquisition of Commonwealth by LPL represents a meaningful expansion for LPL, adding nearly 2,900 advisors and $285 billion in assets.
Angelo emphasized that joining Commonwealth, with the future transition to LPL’s platform, supports the team’s focus on continuity and operational stability. He noted Commonwealth’s compliance and technology capabilities, along with LPL’s streamlined account transfer process, helped ensure uninterrupted service for more than 7,000 client accounts. This focus on a smooth transition is key for maintaining client trust and satisfaction.
The transaction is expected to close later this year, with plans to maintain the Commonwealth brand and service model.APG’s transition follows a trend of advisor departures from Osaic, including other billion-dollar teams such as Academy Financial and PFG Advisors.
Commonwealth, established in 1979, supports roughly 2,345 self-reliant advisors managing over $344 billion in assets. It operates from headquarters in Waltham, Mass., and San Diego, Calif., with a key operations hub in Blue Ash, Ohio. The company continues to focus on providing robust support and resources for its network of financial advisors.
What’s next
The financial industry will be watching closely as LPL integrates Commonwealth,and as Angelo Planning Group settles into its new partnership. The focus remains on ensuring a seamless transition for advisors and clients alike, while maintaining the high level of service expected from all parties involved.