Numerous Commonwealth Advisors Depart from LPL, According to New Report.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Barron's
LPL Financial Acquisition: LPL Financial announced its acquisition of Commonwealth Financial Network, which includes around 2,900 advisors.
Advisor Choices: Following the acquisition, Commonwealth advisors faced the decision to either remain with LPL or seek new opportunities elsewhere.
Advisor Exodus: A recent report reveals the extent to which Commonwealth advisors have chosen to leave the firm post-acquisition.
Impact on Wealth Management: The movement of advisors could significantly impact the competitive landscape in the wealth management sector.
Analyst Views on WFC
Wall Street analysts forecast WFC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WFC is 98.66 USD with a low forecast of 74.00 USD and a high forecast of 113.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
10 Buy
6 Hold
1 Sell
Moderate Buy
Current: 88.710
Low
74.00
Averages
98.66
High
113.00
Current: 88.710
Low
74.00
Averages
98.66
High
113.00
About WFC
Wells Fargo & Company is a financial services company. The Company provides a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, to individuals, businesses and institutions. The Company operates through four segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Company provides consumer financial products and services, including checking and savings accounts, credit and debit cards, and auto, residential mortgage, and small business lending. In addition, the Company offers financial planning, private banking, investment management, and fiduciary services. It also provides financial solutions to businesses through products and services including traditional commercial loans and lines of credit, letters of credit, asset-based lending and leasing, trade financing, treasury management, and investment banking services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
