Lexington Financial Joins Cetera Following Commonwealth Acquisition

The move, finalized after a six-month due diligence process, centers on maintaining operational continuity for the team's client base. Duffy, who holds 42 years of industry experience, emphasized that keeping access to Fidelity’s National Financial Services and retaining specific third-party technology platforms were non-negotiable requirements for their new affiliation. By partnering with Cetera, the team—which includes John F. Walsh, William A. Creesy, and several family members—ensures that these core service components remain unchanged.

Beyond technical compatibility, Duffy highlighted the importance of direct engagement with Cetera’s executive leadership, specifically citing Advisor Channel Leader Tom Halloran. Halloran’s personal involvement throughout the transition process served as a key differentiator for the group. For Cetera, the addition of the Lexington team represents a strategic expansion of their advisor network, which now manages approximately $630 billion in assets under administration as of March 31, 2026.