Commonwealth Financial Network

Commonwealth Financial Network

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29 Sawyer Road

Waltham, MA 02453

(866) 462-3638

commonwealth.com

Clearing firm: National Financial Services LLC, Pershing LLC

No. advisers: 2,195

AUM: $156,000,000,000

Year founded: 1979

Year end: Dec. 31

No. of retail offices: 1,313

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOWayne Bloom
Recruiting ContactAndrew Daniels
(866) 462-3638
E-mail
Compliance ContactPaul Tolley
(781) 736-0700
E-mail
Technology Operations ContactDarren Tedesco
(781) 736-0700
E-mail

Company Overview

Commonwealth has the highest gross revenue per advisor among RIA-independent b/ds, as reported by Financial Advisor in April 2018. Discover how the nation's largest privately held Registered Investment Adviser–independent broker/dealer that's held true to its founding mission for almost 40 years can help you and your clients thrive.

In their own words: Commonwealth advisors speak

We invite you to take two minutes to hear a few of our advisors talk about their experience at Commonwealth. Then contact us to discover for yourself a community of peers that's unlike any you've experienced and the virtually unlimited opportunities available to help you serve your clients your way.

Additional Resources

2017 2016 2015
No. of reps2,1952,0922,073
No. of producing reps1,7781,7101,654
No. of reps producing $100K-$499K /year939949940

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2017 2016 2015
Total revenues$1,241,571,969$1,068,709,779$1,006,829,973
Commission revenues$242,605,316$276,671,120$286,544,411
Fee revenues$798,295,019$644,518,480$597,163,912
Total revenues: Other$200,671,634$147,520,179$123,121,650
2017 2016 2015
Total account assets$156,000,000,000$114,420,000,000$101,400,000,000
Fee-based assets$80,562,000,000$61,950,000,000$54,024,300,000
Total account assets: Other$75,438,000,000$52,470,000,000$47,375,700,000
Average assets per rep$71,070,615$54,694,073$48,914,616
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationMobile Check Deposit Trading Portfolio/Performance Workflow/Alerts Business Analytics Compensation
    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.

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