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Commonwealth Financial Network

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Company culture diminished after LPL purchase - Operations Commonwealth Financial Network Employee Review

2.0
3 Jun 2026
Recommend
CEO approval
Business outlook

Pros

We get free bagels on Mondays

Cons

LPL purchase has changed everything that made the company great. Used to be a tight nit company with great perks and benefits. Upper management sold out and all of that was lost. Most of the employees feel betrayed, and so do the advisors. Within 2 years CFN will be entirely absorbed and the company we once knew will no longer exist

Explore other reviews about Commonwealth Financial Network

5.0
14 May 2026
Recommend
CEO approval
Business outlook

Pros

Honestly CFN has been the best job of my life. Despite the acquisition of LPL I still think my direct manager is very supportive and there for our team. The work life balance (for now) is still great. My WFH days to help a lot. Even though some people feel bearish of the future of CFN I remain a bit hopeful. I truly hope LPL does allow us to remain a separate subsidiary permanently as our culture is quite unique. So far the M&A has not been too bad on us and in my opinion things are leaning toward the positive.

Cons

LPL acquisition should have never happened . Certain tenured folks have favoritism which is inappropriate

2.0
22 May 2026
Recommend
CEO approval
Business outlook

Pros

Hybrid schedule, building is very nice.

Cons

Management and higher ups are ruthless. They simply do not care about you. This company axed 5 contractors within 6 weeks. They lied about the workload decreasing as an excuse to let us all go.

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