What LPL, Atria layoffs say about the firm's M&A strategies

Corey Kupfer, founder and managing partner at Kupfer., speaks with Financial Planning reporter Dan Shaw about LPL's layoff strategy with Atria and what that could mean for the future of Commonwealth. "It's very different from Commonwealth. Commonwealth has a particular culture and particular environment, and there was a much higher risk of losing advisors if those promises to keep all that weren't made. It's very different from the Atria model. They had more leeway to make cuts on the Atria side without risk of losing folks," explains Kupfer.

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