LPL-Commonwealth Deal Ushers in New Era of Opportunity for Indy Advisors: Imperity Advisors
A big recent industry merger got a vote of confidence this week from Imperity Advisors, a New York City-based full-service financial services firm empowering independent advisors and their clients.
“The scale and strength of LPL, paired with Commonwealth’s cultural integrity, gives independent advisors the ability to grow with confidence.”
Imperity CEO Doug DiDominica
Imperity via a Oct. 7 press release announced its full support for LPL Financial’s acquisition of Commonwealth Financial Network in a $2.7 billion deal, completed Aug. 1, 2025. The move unites two of the most respected names in the independent wealth management space—Commonwealth, known for its elite service culture and advisor-first philosophy, and LPL, recognized for its scale, innovation, and market leadership, the release said.
For advisors affiliated with Imperity, this development enhances an already strong foundation by offering expanded access to best-in-class technology, investment solutions, and practice growth resources while preserving the independence and boutique support advisors value most. Imperity offers securities and advisory services through Commonwealth Financial Network.
“This combination amplifies what advisors care about most: service, support, and choice. The scale and strength of LPL, paired with Commonwealth’s cultural integrity, gives independent advisors the ability to grow with confidence,” said Imperity CEO Doug DiDominica.
“Our business owner and employer clients will benefit from a deeper bench of retirement, investment advisory, and succession planning resources,” added Charles Rosenbaum, Managing Partner. “This gives our advisors more tools to solve complex client challenges—and scale their practices.”
Imperity said this partnership reinforces its commitment to helping independent financial advisors build thriving practices with access to top-tier resources, collaborative community, and operational freedom.
“For advisors focused on high-net-worth planning like us, this is a major advantage. The enhanced wealth management capabilities will support more sophisticated strategies and an elevated client experience—without losing the human touch,” said Stuart Holden, Managing Partner.
Under the transaction first announced in late March, LPL acquired 100% of the equity of the holding company at Commonwealth, financing the transaction through a combination of corporate cash, debt and equity.
“This impressive partnership accelerates our joint competitive advantage, bringing unparalleled value to our Advisors and our employees,” Commonwealth CEO Wayne Bloom said in March. “Commonwealth will retain its brand as part of LPL, and Commonwealth Advisors will continue to benefit from their relationships with our team members, all while taking full advantage of LPL’s scale and platform that fuels its industry-leading offerings.”
SEE ALSO:
• LPL Financial Buys Commonwealth in $2.7B Deal
• Vestwell and Commonwealth Partnership Moves to PEPs
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
