After hiring Commonwealth advisors and LPL recruiters, what’s next for Kestra?

Kestra Financial is aggressively recruiting financial advisors, having hired nearly 130 from Commonwealth Financial Network in 2025 and recently poaching two recruiters from LPL Financial. This recruiting drive has led to speculation that Kestra might be preparing for a sale, especially given its private equity ownership, or simply capitalizing on a strong advisor hiring market following LPL’s acquisition of Commonwealth. Kestra attributes its success with Commonwealth advisors to a cultural fit and acknowledges its strategic hiring of recruiters to expand its advisor base.