Cetera to Commonwealth Advisors: We Know You’re Not Happy

Analysis June 16, 2025 at 03:09 PM
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What You Need To Know

  • Cetera Wealth Management President Todd Mackay made his case to Commonwealth advisors Monday in a second frank open letter.
  • “Synergies don’t just fall from the trees,” Mackay warns.
  • LPL responded that “some firms are trying to buy their way out of the chaos, complexity, and stagnation that comes from joining them.”
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