HOT MICIn this week’s Hot Mic edition of Advisor Talk, Elite Consulting Partners CEO Frank LaRosa returns with a follow-up to the LPL acquisition of Commonwealth – and dives deeper into the real story behind the headlines.
With decades of experience and a no-nonsense approach, Frank cuts through the noise to address the key question: If Commonwealth “won” their SEC case, why did they still sell?
In this episode, Frank breaks it all down:
-Why the $90M SEC penalty wasn’t actually dismissed – and what a “reprieve” really means
-The financial and emotional toll of multi-year legal battles (even when you ‘win’)
-How thin margins and legal pressure can force even well-run firms into tough decisions
-The cultural clash that may lie ahead between LPL and Commonwealth
-Why perception isn’t always reality – and how advisors can read between the lines
If you’re an advisor at Commonwealth, LPL, or simply paying attention to how industry consolidation impacts your future, this episode is essential listening.
Have a question for Frank? Reach out at Frank@EliteConsultingPartners.
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