Louisville-based Commonwealth Bank & Trust has acquired a majority interest in Landmark Financial Advisors, a Bowling Green-based regional wealth management and financial planning firm.

Landmark will retain its name but will enhance its services, according to a news release from Commonwealth Bank.

Landmark clients will continue to receive investment, wealth management and financial planning services but will now have access to Commonwealth Bank’s broader range of fiduciary services.

“We are delighted to affiliate with Commonwealth Bank & Trust," Landmark founding partner Bill Borders said in a news release. "This is a natural transition for us and will allow us to continue to help our clients build wealth through our combined capabilities.”

Commonwealth Bank & Trust is a privately held community bank and trust company with bank assets of $1 billion and trust assets under management and administration exceeding $2 billion.

Landmark Financial Advisors is an independent, privately owned registered investment advisor with assets under management of $335 million.

​– Follow business reporter Don Sergent on Twitter @BGDNbusiness or visit bgdailynews.com.

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